Company Registration No. 10814325 (England and Wales)
R&D Studio Ltd
Unaudited accounts
for the year ended 30 June 2023
R&D Studio Ltd
Unaudited accounts
Contents
R&D Studio Ltd
Company Information
for the year ended 30 June 2023
Directors
Rachel V Davies
Daniel D Saul
Company Number
10814325 (England and Wales)
Registered Office
R&D Studio Studio T2
1-5 Newington Causeway
London
SE1 6ED
England
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
R&D Studio Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
3,059
4,596
Cash at bank and in hand
1,057
30
Creditors: amounts falling due within one year
(1,664)
(295)
Net current liabilities
(229)
(209)
Total assets less current liabilities
2,830
4,387
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
2,247
3,512
Shareholders' funds
2,249
3,514
For the year ending 30 June 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 11 March 2024 and were signed on its behalf by
Rachel V Davies
Director
Company Registration No. 10814325
R&D Studio Ltd
Notes to the Accounts
for the year ended 30 June 2023
R&D Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 10814325. The registered office is R&D Studio Studio T2, 1-5 Newington Causeway, London, SE1 6ED, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
over 5 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
7,549
138
7,687
At 30 June 2023
7,549
138
7,687
At 1 July 2022
3,049
42
3,091
Charge for the year
1,509
28
1,537
At 30 June 2023
4,558
70
4,628
At 30 June 2023
2,991
68
3,059
At 30 June 2022
4,500
96
4,596
R&D Studio Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Accrued income and prepayments
378
56
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
929
(5)
Loans from directors
195
195
7
Average number of employees
During the year the average number of employees was 2 (2022: 0).