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Company Registration No. 10875788 (England and Wales)
Like Design Studio Limited Unaudited accounts for the year ended 31 July 2023
Like Design Studio Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
7,655 
40,278 
Cash at bank and in hand
25,548 
13,989 
33,203 
54,267 
Creditors: amounts falling due within one year
(15,745)
(27,123)
Net current assets
17,458 
27,144 
Total assets less current liabilities
17,458 
27,144 
Creditors: amounts falling due after more than one year
- 
(1)
Net assets
17,458 
27,143 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,358 
27,043 
Shareholders' funds
17,458 
27,143 
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 31 July 2023 and were signed on its behalf by
L. Kermick Director Company Registration No. 10875788
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Like Design Studio Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Like Design Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 10875788. The registered office is Flat 2, 8 Sylvan Hill , London, SE19 2QF, United Kingdom.
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
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
3
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
5,613 
At 31 July 2023
5,613 
Depreciation
At 1 August 2022
5,613 
At 31 July 2023
5,613 
Net book value
At 31 July 2023
- 
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Like Design Studio Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,370 
2,036 
Trade debtors
162 
18,821 
Accrued income and prepayments
- 
13,949 
Other debtors
3,123 
5,472 
7,655 
40,278 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
10,160 
23,245 
Taxes and social security
1,505 
3,878 
Other creditors
3,080 
- 
Accruals
1,000 
- 
15,745 
27,123 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Accruals
- 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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