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REGISTERED NUMBER: 11916804 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

INVISIBLE STUDIO CREATIVE LIMITED

INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVISIBLE STUDIO CREATIVE LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: Miss J K Britton
Ms A A Yuill





SECRETARY: Ms P A Britton





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 11916804 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 941 962

CURRENT ASSETS
Debtors 5 6,351 5,389
Cash at bank 97,335 77,966
103,686 83,355
CREDITORS
Amounts falling due within one year 6 61,168 40,453
NET CURRENT ASSETS 42,518 42,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,459

43,864

PROVISIONS FOR LIABILITIES 7 179 183
NET ASSETS 43,280 43,681

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 43,180 43,581
SHAREHOLDERS' FUNDS 43,280 43,681

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

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

The directors acknowledge their 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.

INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 31 December 2023 and were signed on its behalf by:





Miss J K Britton - Director


INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Invisible Studio Creative Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Going concern
The directors have reviewed the going concern status of the business for the foreseeable future as best they can. The directors fully expect that the company will remain a going concern and will have sufficient working capital to meet its requirements for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 470 2,314 2,784
Additions - 469 469
At 31 March 2023 470 2,783 3,253
DEPRECIATION
At 1 April 2022 77 1,745 1,822
Charge for year 59 431 490
At 31 March 2023 136 2,176 2,312
NET BOOK VALUE
At 31 March 2023 334 607 941
At 31 March 2022 393 569 962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,645 5,245
Prepayments and accrued income 706 144
6,351 5,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 9,534 11,319
Directors' current accounts 38,417 20,146
Accruals and deferred income 13,217 8,988
61,168 40,453

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 179 183

INVISIBLE STUDIO CREATIVE LIMITED (REGISTERED NUMBER: 11916804)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 183
Provided during year (4 )
Balance at 31 March 2023 179

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A £1 10 10
90 Ordinary £1 90 90
100 100

9. RELATED PARTY DISCLOSURES

At the year end the company owed Miss J K Britton £38,417 (2022 - £20,146) in the form of a directors' loan. No interest is charged on this loan.

During the year the company was charged subcontractor costs of £nil (2022 - £1,065) by Ms A A Yuill who is a director of the company, and £2,000 (2022 - £Nil) by Ms P A Britton who is the company secretary.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Miss J K Britton by virtue of her majority shareholding.