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REGISTERED NUMBER: 07670143 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Eversfield Studio Ltd

Eversfield Studio Ltd (Registered number: 07670143)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eversfield Studio Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G Noon
Mrs T A Noon





SECRETARY:





REGISTERED OFFICE: The Barn
Brighton Road
Lower Beeding
West Sussex
RH13 6PT





REGISTERED NUMBER: 07670143 (England and Wales)





ACCOUNTANTS: Indigo Tax and Accountancy Limited
The Barn
Brighton Road
Lower Beeding
Horsham
West Sussex
RH13 6PT

Eversfield Studio Ltd (Registered number: 07670143)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,799 2,948

CURRENT ASSETS
Debtors 5 1,308 1,078
Cash at bank 1,243 2,096
2,551 3,174
CREDITORS
Amounts falling due within one year 6 2,256 3,241
NET CURRENT ASSETS/(LIABILITIES) 295 (67 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,094

2,881

CREDITORS
Amounts falling due after more than one
year

7

1,829

2,830
NET ASSETS 265 51

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 264 50
265 51

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 18 April 2024 and were signed on its behalf by:





G Noon - Director


Eversfield Studio Ltd (Registered number: 07670143)

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

1. STATUTORY INFORMATION

Eversfield 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.
Plant and machinery etc - straight line over 4 years

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 NIL (2022 - NIL).

Eversfield Studio Ltd (Registered number: 07670143)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 17,321
Additions 343
At 31 July 2023 17,664
DEPRECIATION
At 1 August 2022 14,373
Charge for year 1,492
At 31 July 2023 15,865
NET BOOK VALUE
At 31 July 2023 1,799
At 31 July 2022 2,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140 94
Other debtors 1,168 984
1,308 1,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 209 209
Taxation and social security 919 1,864
Other creditors 1,128 1,168
2,256 3,241

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,829 2,830

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
G Noon
Balance outstanding at start of year 984 2,984
Amounts advanced 1,169 984
Amounts repaid (984 ) (2,984 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,169 984

Eversfield Studio Ltd (Registered number: 07670143)

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

9. GOING CONCERN

The accounts are prepared on a going concern basis and following the year end the COVID-19 pandemic has meant disruptions and increased pressures for all businesses, but after consideration of all areas of the business, the Director does not feel that at this time there has been any permanent issues that will result in the company being unable to continue operating on a going concern basis in the foreseeable future.