Elda Studios Limited 08923149 false 2022-04-01 2023-08-31 2023-08-31 The principal activity of the company is that of performing dance activities Digita Accounts Production Advanced 6.30.9574.0 true true 08923149 2022-04-01 2023-08-31 08923149 2023-08-31 08923149 core:RetainedEarningsAccumulatedLosses 2023-08-31 08923149 core:ShareCapital 2023-08-31 08923149 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08923149 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 08923149 core:FurnitureFittingsToolsEquipment 2023-08-31 08923149 bus:SmallEntities 2022-04-01 2023-08-31 08923149 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-08-31 08923149 bus:FullAccounts 2022-04-01 2023-08-31 08923149 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-08-31 08923149 bus:RegisteredOffice 2022-04-01 2023-08-31 08923149 bus:Director1 2022-04-01 2023-08-31 08923149 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-08-31 08923149 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-08-31 08923149 countries:EnglandWales 2022-04-01 2023-08-31 08923149 2022-03-31 08923149 core:FurnitureFittingsToolsEquipment 2022-03-31 08923149 2021-04-01 2022-03-31 08923149 2022-03-31 08923149 core:RetainedEarningsAccumulatedLosses 2022-03-31 08923149 core:ShareCapital 2022-03-31 08923149 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08923149 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 08923149 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08923149

Elda Studios Limited


Unaudited Financial Statements

for the Period from 1 April 2022 to 31 August 2023

 

Elda Studios Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Elda Studios Limited

(Registration number: 08923149)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

250

610

Current assets

 

Cash at bank and in hand

 

12,686

26,286

Creditors: Amounts falling due within one year

(4,522)

(11,651)

Net current assets

 

8,164

14,635

Total assets less current liabilities

 

8,414

15,245

Creditors: Amounts falling due after more than one year

(6,650)

(12,033)

Provisions for liabilities

(132)

(116)

Net assets

 

1,632

3,096

Capital and reserves

 

Called up share capital

1

1

Retained earnings

1,631

3,095

Shareholders' funds

 

1,632

3,096

 

Elda Studios Limited

(Registration number: 08923149)
Balance Sheet as at 31 August 2023

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 January 2004
 

.........................................
Miss Emma Louise Jones
Director

   
     
 

Elda Studios Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Ashenhurst Way
Leek
Staffordshire
ST13 5SB
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through loans provided by lenders. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Elda Studios Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Elda Studios Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 August 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

1,224

1,224

Additions

113

113

At 31 August 2023

1,337

1,337

Depreciation

At 1 April 2022

614

614

Charge for the period

473

473

At 31 August 2023

1,087

1,087

Carrying amount

At 31 August 2023

250

250

At 31 March 2022

610

610