FLOW STUDIOS AUDIO POST LTD |
Registered Number:09709706 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
FLOW STUDIOS AUDIO POST LTD
Statement of Financial Position
2022
2023
Property, plant and equipment |
15,273
15,615
2
15,273
15,615
Trade and other receivables |
31,195
34,466
3
25,711
Cash and cash equivalents |
8,930
43,396
56,906
Trade and other payables: amounts falling due within one |
year |
(42,625)
(37,757)
4
14,281
5,639
Net current assets
Total assets less current liabilities |
20,912
29,896
Trade and other payables: amounts falling due after more |
than one year |
(22,456)
(17,898)
5
(2,902)
(2,967)
Provisions for liabilities |
112
Net assets
4,473
100
100
12
4,373
112
4,473
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 April 2024 and were signed by: |
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For the year ended 31 July 2023
FLOW STUDIOS AUDIO POST LTD
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 July 2023
FLOW STUDIOS AUDIO POST LTD
Notes to the Financial Statements
Statutory Information
FLOW STUDIOS AUDIO POST LTD is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 09709706. |
Apartment 6 , The Cedars
21 Oxford Road
Moseley
Birmingham
B13 9EH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
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. |
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For the year ended 31 July 2023
FLOW STUDIOS AUDIO POST LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
28,060
2,353
30,413
Provision for depreciation and impairment |
12,445
Charge for year
2,695
15,140
15,273
15,615
3. Trade and other receivables |
2022
2023
11,466
23,805
Amounts owed by directors |
23,000
7,390
31,195
34,466
4. Trade and other payables: amounts falling due within one year |
2022
2023
6,526
6,526
Taxation and social security |
30,466
35,334
Accruals and deferred income |
765
765
37,757
42,625
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
17,898
22,456
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For the year ended 31 July 2023
FLOW STUDIOS AUDIO POST LTD
Notes to the Financial Statements Continued
6. Related party transactions |
The ultimate controlling party during the year was Peter Styles , director , whom controls the company by virtue of |
owning 100% of the share capital. |
At the balance sheet date the directors loan account was overdrawn by £23,000 which will be repaid from future |
dividends. |
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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