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Registered number: 09034414

Studio Garella Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2023

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Studio Garella Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2023
DIRECTORS
Jaya Garella
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09034414
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Studio Garella Limited

ACCOUNTS
FOR THEYEARENDED31 MAY 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Studio Garella Limited

BALANCE SHEET AT 31 May 2023
20232022
Notes££
FIXED ASSETS
Tangible assets27611,015
CURRENT ASSETS
Debtors33,0007,890
Cash at bank and in hand60,62579,099
63,62586,989
CREDITORS: Amounts falling due within one year421,46526,129
NET CURRENT ASSETS42,16060,860
TOTAL ASSETS LESS CURRENT LIABILITIES42,92161,875
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account42,82161,775
SHAREHOLDERS' FUNDS42,92161,875
For the year ending 31 May 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22 February 2024 and signed on their behalf by
.............................
Jaya Garella
Director

Studio Garella Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Turnover
Turnover is derived from architectural services supplied by the company and is recognised when services are rendered.
1e. Statutory Information
Studio Garella Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 09034414 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.
1f. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 1 June 20222,3622,362
At 31 May 20232,3622,362
Depreciation
At 1 June 20221,3471,347
For the year254254
At 31 May 20231,6011,601
Net Book Amounts
At 31 May 2023761761
At 31 May 20221,0151,015

Studio Garella Limited

3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors3,0007,890
3,0007,890
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security5,59614,097
Salaries and wages control1,516-
Directors current account13,52511,398
Trade creditors-106
Accruals828528
21,46526,129
5. EMPLOYEES
20232022
No.No.
Average number of employees1-
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
51 A Ordinary shares of £1 each5151
49 B Ordinary shares of £1 each4949
100100