Company Registration No. SC699808 (Scotland)
STUDIO GLEN LIMITED
Unaudited accounts
for the year ended 31 October 2023
STUDIO GLEN LIMITED
Unaudited accounts
Contents
STUDIO GLEN LIMITED
Company Information
for the year ended 31 October 2023
Company Number
SC699808 (Scotland)
Registered Office
4A ELLEN'S GLEN ROAD
EDINBURGH
EH17 7QP
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
STUDIO GLEN LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
16,110
17,417
Cash at bank and in hand
6,033
14,722
Creditors: amounts falling due within one year
(28,137)
(33,245)
Net current liabilities
(22,104)
(18,523)
Net liabilities
(5,994)
(1,106)
Called up share capital
1
1
Profit and loss account
(5,995)
(1,107)
Shareholders' funds
(5,994)
(1,106)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 15 April 2024 and were signed on its behalf by
Gary Murdoch
Director
Company Registration No. SC699808
STUDIO GLEN LIMITED
Notes to the Accounts
for the year ended 31 October 2023
STUDIO GLEN LIMITED is a private company, limited by shares, registered in Scotland, registration number SC699808. The registered office is 4A ELLEN'S GLEN ROAD, EDINBURGH, EH17 7QP, SCOTLAND.
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.
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:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
667
486
Loans from directors
27,470
32,759
STUDIO GLEN LIMITED
Notes to the Accounts
for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).