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COMPANY REGISTRATION NUMBER: 08543206
STUDIO BLUE SOFTWARE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
STUDIO BLUE SOFTWARE LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
3,345
10,176
Cash at bank and in hand
8,818
42,460
--------
--------
12,163
52,636
CREDITORS: amounts falling due within one year
6
8,441
18,966
--------
--------
NET CURRENT ASSETS
3,722
33,670
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
3,722
33,670
-------
--------
NET ASSETS
3,722
33,670
-------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
3,622
33,570
-------
--------
SHAREHOLDERS FUNDS
3,722
33,670
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 February 2024 , and are signed on behalf of the board by:
Mr H J Wrightson
Director
Company registration number: 08543206
STUDIO BLUE SOFTWARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Duke Road, Priors Hall Park, Corby, Northamptonshire, NN17 5FX.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. DEBTORS
2023
2022
£
£
Trade debtors
10,176
Other debtors
3,345
-------
--------
3,345
10,176
-------
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
8,859
Social security and other taxes
2,015
Other creditors
8,441
8,092
-------
--------
8,441
18,966
-------
--------