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Company Registration No. 08236922 (England and Wales)
Urban Initiatives Studio Ltd. Unaudited accounts for the year ended 31 October 2023
Urban Initiatives Studio Ltd. Unaudited accounts Contents
Page
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Urban Initiatives Studio Ltd. Company Information for the year ended 31 October 2023
Directors
Hugo Nowell Matthias Wunderlich
Company Number
08236922 (England and Wales)
Registered Office
167-169 GREAT PORTLAND STREET 5TH FLOOR LONDON W1W 5PF ENGLAND
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Urban Initiatives Studio Ltd. Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,665 
1,886 
Current assets
Debtors
113,762 
83,040 
Cash at bank and in hand
54,898 
117,359 
168,660 
200,399 
Creditors: amounts falling due within one year
(47,032)
(77,824)
Net current assets
121,628 
122,575 
Net assets
124,293 
124,461 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
124,292 
124,460 
Shareholders' funds
124,293 
124,461 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by
Hugo Nowell Director Company Registration No. 08236922
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Urban Initiatives Studio Ltd. Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Urban Initiatives Studio Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08236922. The registered office is 167-169 GREAT PORTLAND STREET, 5TH FLOOR, LONDON, W1W 5PF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
2,913 
26,977 
29,890 
Additions
- 
1,956 
1,956 
At 31 October 2023
2,913 
28,933 
31,846 
Depreciation
At 1 November 2022
2,913 
25,091 
28,004 
Charge for the year
- 
1,177 
1,177 
At 31 October 2023
2,913 
26,268 
29,181 
Net book value
At 31 October 2023
- 
2,665 
2,665 
At 31 October 2022
- 
1,886 
1,886 
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Urban Initiatives Studio Ltd. Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
103,205 
77,870 
Accrued income and prepayments
2,253 
- 
Other debtors
8,304 
- 
113,762 
77,870 
Amounts falling due after more than one year
Other debtors
- 
5,170 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,899 
21,065 
Trade creditors
6,092 
29,774 
Taxes and social security
16,323 
18,893 
Other creditors
3,235 
349 
Accruals
4,483 
7,743 
47,032 
77,824 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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