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Company Registration No. 06317913 (England and Wales)
Junction Studio Ltd Unaudited accounts for the year ended 30 June 2023
Junction Studio Ltd Unaudited accounts Contents
Page
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Junction Studio Ltd Company Information for the year ended 30 June 2023
Directors
Thomas Lloyd Neish Emma Sally Scott-Child
Company Number
06317913 (England and Wales)
Registered Office
1 SYDNEY STREET BRIGHTON BN1 4EN ENGLAND
Accountants
Davies Business Consultancy 63 Norfolk Road Littlehampton West Sussex BN17 5HE
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Junction Studio Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,971 
8,954 
Current assets
Debtors
96,445 
108,264 
Cash at bank and in hand
126,062 
51,466 
222,507 
159,730 
Creditors: amounts falling due within one year
(48,660)
(37,238)
Net current assets
173,847 
122,492 
Net assets
184,818 
131,446 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
184,718 
131,346 
Shareholders' funds
184,818 
131,446 
For the year ending 30 June 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 7 March 2024 and were signed on its behalf by
Emma Sally Scott-Child Director Company Registration No. 06317913
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Junction Studio Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Junction Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 06317913. The registered office is 1 SYDNEY STREET, BRIGHTON, BN1 4EN, 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:
Plant & machinery
18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
9,509 
9,889 
5,521 
24,919 
Additions
- 
61 
4,535 
4,596 
At 30 June 2023
9,509 
9,950 
10,056 
29,515 
Depreciation
At 1 July 2022
8,428 
6,297 
1,240 
15,965 
Charge for the year
205 
694 
1,680 
2,579 
At 30 June 2023
8,633 
6,991 
2,920 
18,544 
Net book value
At 30 June 2023
876 
2,959 
7,136 
10,971 
At 30 June 2022
1,081 
3,592 
4,281 
8,954 
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Junction Studio Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,367 
45,081 
Other debtors
47,078 
63,183 
96,445 
108,264 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
40,677 
33,709 
Trade creditors
10,742 
6,804 
Taxes and social security
(3,561)
(3,561)
Other creditors
802 
286 
48,660 
37,238 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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