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REGISTERED NUMBER: 10868047 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Studio By TCS Limited

Studio By TCS Limited (Registered number: 10868047)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Studio By TCS Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ali Afzal Khan Leghari
Saira Mariam Awan Malik





REGISTERED OFFICE: 85 Great Portland Street
London
W1 W7LT





REGISTERED NUMBER: 10868047 (England and Wales)





ACCOUNTANTS: NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB

Studio By TCS Limited (Registered number: 10868047)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 12,985 14,174
Cash at bank 63,430 226,884
76,415 241,058
CREDITORS
Amounts falling due within one year 5 29,309 174,352
NET CURRENT ASSETS 47,106 66,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,106

66,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 47,006 66,606
47,106 66,706

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 March 2024 and were signed on its behalf by:





Ali Afzal Khan Leghari - Director


Studio By TCS Limited (Registered number: 10868047)

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

1. STATUTORY INFORMATION

Studio By TCS 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 1,089
Inter-company Account 12,985 12,985
Sundry Debtors - 100
12,985 14,174

Studio By TCS Limited (Registered number: 10868047)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other Creditors 1,030 -
Tax - 2,539
VAT 2,253 1,593
Amounts due to TCS Pak 26,026 170,220
29,309 174,352

6. RESERVES
Retained
earnings
£   

At 1 July 2022 66,606
Deficit for the year (19,600 )
At 30 June 2023 47,006