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REGISTERED NUMBER: 08168874 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Open Studio Interiors Limited

Open Studio Interiors Limited (Registered number: 08168874)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Open Studio Interiors Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Ms L Ivanova





SECRETARY:





REGISTERED OFFICE: 3a Shouldham Street
London
London
W1H 5FG





REGISTERED NUMBER: 08168874 (England and Wales)






Open Studio Interiors Limited (Registered number: 08168874)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,093 103,294

CURRENT ASSETS
Stocks - 2,300
Debtors 5 3,629 24,186
Cash at bank 49,037 85,093
52,666 111,579
CREDITORS
Amounts falling due within one year 6 37,592 85,106
NET CURRENT ASSETS 15,074 26,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,167

129,767

CREDITORS
Amounts falling due after more than
one year

7

39,650

48,498
NET ASSETS 75,517 81,269

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 75,516 81,268
75,517 81,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Open Studio Interiors Limited (Registered number: 08168874)

Balance Sheet - continued
31 August 2023


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 director and authorised for issue on 6 February 2024 and were signed by:





Ms L Ivanova - Director


Open Studio Interiors Limited (Registered number: 08168874)

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

1. STATUTORY INFORMATION

Open Studio Interiors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Open Studio Interiors Limited (Registered number: 08168874)

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

2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 167,465
DEPRECIATION
At 1 September 2022 64,171
Charge for year 3,201
At 31 August 2023 67,372
NET BOOK VALUE
At 31 August 2023 100,093
At 31 August 2022 103,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 3,629 24,186

Open Studio Interiors Limited (Registered number: 08168874)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 7,956 10,603
Other creditors 29,636 74,503
37,592 85,106

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 39,650 48,498

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 39,650 48,498