RESEARCH AND IDEATE STUDIO LTD

Company Registration Number:
11371252 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

RESEARCH AND IDEATE STUDIO LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RESEARCH AND IDEATE STUDIO LTD

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Directors

The director shown below has held office during the whole of the period from
1 June 2022 to 31 May 2023

YUEBAI LIU


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 March 2024

And signed on behalf of the board by:
Name: YUEBAI LIU
Status: Director

RESEARCH AND IDEATE STUDIO LTD

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 8,717 84,214
Cost of sales: ( 15,997 ) ( 16,568 )
Gross profit(or loss): (7,280) 67,646
Administrative expenses: ( 9,189 ) ( 6,899 )
Other operating income: 1,017
Operating profit(or loss): (16,469) 61,764
Profit(or loss) before tax: (16,469) 61,764
Tax: 0 ( 11,612 )
Profit(or loss) for the financial year: (16,469) 50,152

RESEARCH AND IDEATE STUDIO LTD

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 649
Total fixed assets: 0 649
Current assets
Cash at bank and in hand: 15,504 52,894
Total current assets: 15,504 52,894
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 8,180 ) ( 19,533 )
Net current assets (liabilities): 7,324 33,361
Total assets less current liabilities: 7,324 34,010
Accruals and deferred income: ( 218 )
Total net assets (liabilities): 7,324 33,792
Capital and reserves
Called up share capital: 7,324 33,792
Share premium account: 0 0
Other reserves: 0 0
Total Shareholders' funds: 7,324 33,792

The notes form part of these financial statements

RESEARCH AND IDEATE STUDIO LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 13 March 2024
and signed on behalf of the board by:

Name: YUEBAI LIU
Status: Director

The notes form part of these financial statements

RESEARCH AND IDEATE STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    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.These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RESEARCH AND IDEATE STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

RESEARCH AND IDEATE STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 1,298 1,298
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 1,298 1,298
Depreciation
At 1 June 2022 649 649
Charge for year
On disposals
Other adjustments 649 649
At 31 May 2023 1,298 1,298
Net book value
At 31 May 2023 0 0
At 31 May 2022 649 649

RESEARCH AND IDEATE STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 8,180 19,315
Accruals and deferred income 0 218
Total 8,180 19,533

Creditors: amounts falling due within one year - The report categorises all creditors under one line and therefore includes all creditors.