IRIS Accounts Production v23.2.0.158 07779198 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077791982022-10-31077791982023-10-31077791982022-11-012023-10-31077791982021-10-31077791982021-11-012022-10-31077791982022-10-3107779198ns10:Originalns15:EnglandWales2022-11-012023-10-3107779198ns14:PoundSterlingns10:Original2022-11-012023-10-3107779198ns10:Originalns10:Director12022-11-012023-10-3107779198ns10:Original2022-11-012023-10-3107779198ns10:Original2023-10-3107779198ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107779198ns10:Originalns10:SmallEntities2022-11-012023-10-3107779198ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3107779198ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107779198ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3107779198ns10:Originalns10:FullAccounts2022-11-012023-10-3107779198ns10:Originalns10:Director22022-11-012023-10-3107779198ns10:Originalns10:RegisteredOffice2022-11-012023-10-3107779198ns10:Original2022-10-3107779198ns10:Originalns5:CurrentFinancialInstruments2023-10-3107779198ns10:Originalns5:CurrentFinancialInstruments2022-10-3107779198ns5:ShareCapitalns10:Original2023-10-3107779198ns5:ShareCapitalns10:Original2022-10-3107779198ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3107779198ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3107779198ns10:Original2021-11-012022-10-3107779198ns10:Originalns5:PlantMachinery2022-10-3107779198ns10:Originalns5:PlantMachinery2022-11-012023-10-3107779198ns10:Originalns5:PlantMachinery2023-10-3107779198ns10:Originalns5:PlantMachinery2022-10-3107779198ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3107779198ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 07779198 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Schudio Ltd

Schudio Ltd (Registered number: 07779198)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Schudio Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P I Richardson
Mrs N M Richardson





REGISTERED OFFICE: A6 Arundel House
Ackhurst Business Park
Chorley
PR7 1NY





REGISTERED NUMBER: 07779198 (England and Wales)





ACCOUNTANTS: Flourish Finance Limited
A6, Arundel House
Ackhurst Business Park
Foxhole Road
Chorley
Lancashire
PR7 1NY

Schudio Ltd (Registered number: 07779198)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,337 6,705

CURRENT ASSETS
Debtors 5 63,341 55,706
Cash in hand 65,940 44,063
129,281 99,769
CREDITORS
Amounts falling due within one year 6 86,798 59,356
NET CURRENT ASSETS 42,483 40,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,820

47,118

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 51,818 47,116
51,820 47,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Schudio Ltd (Registered number: 07779198)

Balance Sheet - continued
31 October 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 11 March 2024 and were signed on its behalf by:





P I Richardson - Director


Schudio Ltd (Registered number: 07779198)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Schudio 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:
- Computer equipment - 25% straight line
- Furniture & fittings - 25% straight line.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Schudio Ltd (Registered number: 07779198)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 48,628
Additions 7,075
At 31 October 2023 55,703
DEPRECIATION
At 1 November 2022 41,923
Charge for year 4,443
At 31 October 2023 46,366
NET BOOK VALUE
At 31 October 2023 9,337
At 31 October 2022 6,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 54,485 52,665
Other debtors 8,856 3,041
63,341 55,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 12,950 12,811
Taxation and social security 66,660 42,248
Other creditors 7,188 4,297
86,798 59,356