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Company Registration No. 13390932 (England and Wales)
MUTA FUTURES STUDIO LIMITED Unaudited accounts for the year ended 31 May 2023
MUTA FUTURES STUDIO LIMITED Unaudited accounts Contents
Page
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MUTA FUTURES STUDIO LIMITED Company Information for the year ended 31 May 2023
Director
Juliana Callia Long
Company Number
13390932 (England and Wales)
Registered Office
166A NORTH VIEW ROAD LONDON N8 7NB ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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MUTA FUTURES STUDIO LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,287 
2,859 
Current assets
Debtors
- 
5,184 
Cash at bank and in hand
135 
3,034 
135 
8,218 
Creditors: amounts falling due within one year
(984)
(2,733)
Net current (liabilities)/assets
(849)
5,485 
Net assets
1,438 
8,344 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,437 
8,343 
Shareholders' funds
1,438 
8,344 
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 director acknowledges her 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 and authorised for issue on 1 February 2024 and were signed on its behalf by
Juliana Callia Long Director Company Registration No. 13390932
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MUTA FUTURES STUDIO LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MUTA FUTURES STUDIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13390932. The registered office is 166A NORTH VIEW ROAD, LONDON, N8 7NB, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
20% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
3,574 
At 31 May 2023
3,574 
Depreciation
At 1 June 2022
715 
Charge for the year
572 
At 31 May 2023
1,287 
Net book value
At 31 May 2023
2,287 
At 31 May 2022
2,859 
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MUTA FUTURES STUDIO LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,184 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
386 
1,769 
Other creditors
- 
601 
Loans from directors
239 
4 
Accruals
359 
359 
984 
2,733 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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