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REGISTERED NUMBER: 10575554 (England and Wales)














Financial Statements for the Year Ended 31 January 2023

for

Traffic Jam Studio Ltd.

Traffic Jam Studio Ltd. (Registered number: 10575554)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Traffic Jam Studio Ltd.

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr D J Palmer





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 10575554 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Traffic Jam Studio Ltd. (Registered number: 10575554)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 149,408 104,418

CURRENT ASSETS
Debtors 5 43,436 19,646
Cash at bank and in hand 1,874 1,060
45,310 20,706
CREDITORS
Amounts falling due within one year 6 85,522 37,897
NET CURRENT LIABILITIES (40,212 ) (17,191 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,196 87,227

CREDITORS
Amounts falling due after more than one
year

7

29,530

39,820
NET ASSETS 79,666 47,407

CAPITAL AND RESERVES
Called up share capital 300 51,093
Share premium 50,793 -
Retained earnings 28,573 (3,686 )
79,666 47,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Traffic Jam Studio Ltd. (Registered number: 10575554)

Statement of Financial Position - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





Mr D J Palmer - Director


Traffic Jam Studio Ltd. (Registered number: 10575554)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Traffic Jam Studio Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 140,053 9,570 16,686 166,309
Additions 62,600 1,489 9,270 73,359
At 31 January 2023 202,653 11,059 25,956 239,668
DEPRECIATION
At 1 February 2022 48,676 4,297 8,918 61,891
Charge for year 23,096 1,014 4,259 28,369
At 31 January 2023 71,772 5,311 13,177 90,260
NET BOOK VALUE
At 31 January 2023 130,881 5,748 12,779 149,408
At 31 January 2022 91,377 5,273 7,768 104,418

Traffic Jam Studio Ltd. (Registered number: 10575554)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 38,936 19,646
Other debtors 4,500 -
43,436 19,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 12,861 20,666
Trade creditors 11,436 2,778
Taxation and social security 44,362 12,507
Other creditors 16,863 1,946
85,522 37,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 14,467 39,820
Other creditors 15,063 -
29,530 39,820

8. RELATED PARTY DISCLOSURES

Mr Darren John Palmer is considered to be the key management personnel.