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REGISTERED NUMBER: 14106713 (England and Wales)












Unaudited Financial Statements

for the Period 13 May 2022 to 31 May 2023

for

BROOD FAMILY STUDIO LTD

BROOD FAMILY STUDIO LTD (REGISTERED NUMBER: 14106713)






Contents of the Financial Statements
for the Period 13 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BROOD FAMILY STUDIO LTD

Company Information
for the Period 13 May 2022 to 31 May 2023







DIRECTOR: Mrs A C L Netherton-Wood





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 14106713 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

BROOD FAMILY STUDIO LTD (REGISTERED NUMBER: 14106713)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,584

CURRENT ASSETS
Cash at bank 38,625

CREDITORS
Amounts falling due within one year 5 39,714
NET CURRENT LIABILITIES (1,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,495

PROVISIONS FOR LIABILITIES 6 1,251
NET ASSETS 4,244

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 4,243
4,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2024 and were signed by:





Mrs A C L Netherton-Wood - Director


BROOD FAMILY STUDIO LTD (REGISTERED NUMBER: 14106713)

Notes to the Financial Statements
for the Period 13 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Brood Family Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

BROOD FAMILY STUDIO LTD (REGISTERED NUMBER: 14106713)

Notes to the Financial Statements - continued
for the Period 13 May 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 6,039 1,119 7,158
At 31 May 2023 6,039 1,119 7,158
DEPRECIATION
Charge for period 574 - 574
At 31 May 2023 574 - 574
NET BOOK VALUE
At 31 May 2023 5,465 1,119 6,584

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 6,637
Wages payable 248
Directors' loan accounts 27,357
Accruals and deferred income 4,032
Accrued expenses 1,440
39,714

6. PROVISIONS FOR LIABILITIES
£   
Deferred tax 1,251

Deferred
tax
£   
Accelerated capital allowances 1,251
Balance at 31 May 2023 1,251