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REGISTERED NUMBER: 08673211 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Fearnaught Studio Ltd

Fearnaught Studio Ltd (Registered number: 08673211)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fearnaught Studio Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr C D Mead





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 08673211 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Fearnaught Studio Ltd (Registered number: 08673211)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,159 5,518

CURRENT ASSETS
Debtors 5 16,306 24,358
Cash at bank 47,239 34,826
63,545 59,184
CREDITORS
Amounts falling due within one year 6 19,515 16,744
NET CURRENT ASSETS 44,030 42,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,189

47,958

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,187 47,956
50,189 47,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





Mr C D Mead - Director


Fearnaught Studio Ltd (Registered number: 08673211)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Fearnaught 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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 4,205 4,697 8,902
Additions 968 2,533 3,501
Disposals - (963 ) (963 )
At 30 September 2023 5,173 6,267 11,440
DEPRECIATION
At 1 October 2022 1,293 2,091 3,384
Charge for year 1,222 1,137 2,359
Eliminated on disposal - (462 ) (462 )
At 30 September 2023 2,515 2,766 5,281
NET BOOK VALUE
At 30 September 2023 2,658 3,501 6,159
At 30 September 2022 2,912 2,606 5,518

Fearnaught Studio Ltd (Registered number: 08673211)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 16,306 24,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 209 42
Taxation and social security 10,141 13,189
Other creditors 9,165 3,513
19,515 16,744

7. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £19,443.