STUDIO SOMO LTD.

Company Registration Number:
SC542151 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

STUDIO SOMO LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

STUDIO SOMO LTD.

Company Information

for the Period Ended 31 March 2024




Director: ROSS ALLAN
Secretary: ROSS ALLAN
Registered office: Cadder View
Balmore Road
Torrance
Glasgow
GB-SCT
G64 4AF
Company Registration Number: SC542151 (Scotland)

STUDIO SOMO LTD.

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,747 1,625
Total fixed assets: 3,747 1,625
Current assets
Debtors: 5 10,848 14,264
Cash at bank and in hand: 8,886 4,132
Total current assets: 19,734 18,396
Creditors: amounts falling due within one year: 6 ( 16,973 ) ( 12,757 )
Net current assets (liabilities): 2,761 5,639
Total assets less current liabilities: 6,508 7,264
Total net assets (liabilities): 6,508 7,264

The notes form part of these financial statements

STUDIO SOMO LTD.

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,408 7,164
Shareholders funds: 6,508 7,264

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 8 April 2024
And Signed On Behalf Of The Board By:

Name: ROSS ALLAN
Status: Director

The notes form part of these financial statements

STUDIO SOMO LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STUDIO SOMO LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

STUDIO SOMO LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

STUDIO SOMO LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 April 2023 7,173 7,173
Additions 5,259 5,259
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 12,432 12,432
Depreciation
At 01 April 2023 5,548 5,548
Charge for year 3,137 3,137
On disposals - -
Other adjustments - -
At 31 March 2024 8,685 8,685
Net book value
At 31 March 2024 3,747 3,747
At 31 March 2023 1,625 1,625

STUDIO SOMO LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Trade debtors 10,848 14,264
Total 10,848 14,264

STUDIO SOMO LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 3,183
Taxation and social security 12,331 12,055
Accruals and deferred income 1,459 702
Total 16,973 12,757