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Company Registration No. 12037916 (England and Wales)
Feldspar Studio Limited Unaudited accounts for the year ended 31 May 2023
Feldspar Studio Limited Unaudited accounts Contents
Page
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Feldspar Studio Limited Company Information for the year ended 31 May 2023
Directors
Jeremy Michael Patrick Brown Catherine Louise Chevally Brown
Company Number
12037916 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS HIGH STREET CREDITON DEVON EX17 3AH UNITED KINGDOM
Accountants
H W Martin & Co LLP Lloyds Bank Chambers High Street Crediton Devon EX17 3AH
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Feldspar Studio Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,000 
20,000 
Tangible assets
80,107 
69,382 
100,107 
89,382 
Current assets
Inventories
95,949 
82,792 
Debtors
49,738 
41,613 
Cash at bank and in hand
49,661 
91,687 
195,348 
216,092 
Creditors: amounts falling due within one year
(257,193)
(231,592)
Net current liabilities
(61,845)
(15,500)
Total assets less current liabilities
38,262 
73,882 
Creditors: amounts falling due after more than one year
(25,007)
(32,943)
Net assets
13,255 
40,939 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,155 
40,839 
Shareholders' funds
13,255 
40,939 
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by
Jeremy Michael Patrick Brown Director Company Registration No. 12037916
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Feldspar Studio Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Feldspar Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 12037916. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Amended Accounts
These accounts are amended to remove the reference to the Company being dormant. The Company was a trading company throughout the year and these accounts are now the statutory accounts replacing the accounts filed on 28 February 2023. The accounts are prepared as they were at the date of the original accounts and no amounts have been amended.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
20,000 
At 31 May 2023
20,000 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
20,000 
At 31 May 2022
20,000 
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Feldspar Studio Limited Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
25,918 
47,949 
3,494 
77,361 
Additions
- 
16,965 
208 
17,173 
At 31 May 2023
25,918 
64,914 
3,702 
94,534 
Depreciation
At 1 June 2022
- 
6,762 
1,217 
7,979 
Charge for the year
- 
5,814 
634 
6,448 
At 31 May 2023
- 
12,576 
1,851 
14,427 
Net book value
At 31 May 2023
25,918 
52,338 
1,851 
80,107 
At 31 May 2022
25,918 
41,187 
2,277 
69,382 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,723 
41,613 
Other debtors
15 
- 
49,738 
41,613 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,172 
2,051 
Trade creditors
9,623 
23,626 
Taxes and social security
6,178 
23,461 
Other creditors
1,411 
1,097 
Loans from directors
236,809 
181,357 
257,193 
231,592 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,007 
32,943 
9
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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