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REGISTERED NUMBER: 12064937 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2023

for

EMYP Studios Limited

EMYP Studios Limited (Registered number: 12064937)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EMYP Studios Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Ms E M Y Pellican





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 12064937 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

EMYP Studios Limited (Registered number: 12064937)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,396 892

CURRENT ASSETS
Debtors 5 593,243 15,364
Cash at bank 175,528 264,673
768,771 280,037
CREDITORS
Amounts falling due within one year 6 (628,070 ) (113,797 )
NET CURRENT ASSETS 140,701 166,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,097

167,132

PROVISIONS FOR LIABILITIES (599 ) -
NET ASSETS 142,498 167,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,398 167,032
142,498 167,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 9 December 2023 and were signed by:





Ms E M Y Pellican - Director


EMYP Studios Limited (Registered number: 12064937)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

EMYP Studios 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33.3% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs
The company contributes to privately administered pension plans. Contributions are expensed as incurred.

EMYP Studios Limited (Registered number: 12064937)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2022 1,866
Additions 2,460
At 30 June 2023 4,326
DEPRECIATION
At 1 July 2022 974
Charge for year 956
At 30 June 2023 1,930
NET BOOK VALUE
At 30 June 2023 2,396
At 30 June 2022 892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 498,096 15,364
Other debtors 70,363 -
Prepayments 24,784 -
593,243 15,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 94,860 43,184
Tax 58,875 33,425
Social security and other taxes 612 -
VAT 95,012 36,225
Other creditors 10,549 -
Director's current account 3,070 88
Accruals and deferred income 365,092 875
628,070 113,797

EMYP Studios Limited (Registered number: 12064937)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Ms E M Y Pellican
Balance outstanding at start of year (88 ) -
Amounts advanced 265,095 -
Amounts repaid (268,077 ) (88 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,070 ) (88 )

The above loan is unsecured, interest free and repayable on demand.