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REGISTERED NUMBER: 05236433 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

The Douglas Watson Studio Limited

The Douglas Watson Studio Limited (Registered number: 05236433)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Douglas Watson Studio Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr D Watson
Ms J Watson





SECRETARY: Ms J Watson





REGISTERED OFFICE: The Business centre
Greys Green Farm
Rotherfield Greys
Henley on Thames
RG9 4QG





REGISTERED NUMBER: 05236433 (England and Wales)





ACCOUNTANTS: Knox & Eames Chartered Accountants
Badgemore House
Badgemore Park
Henley-on-Thames
Oxfordshire
RG9 4NR

The Douglas Watson Studio Limited (Registered number: 05236433)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,747 20,525

CURRENT ASSETS
Stocks 5,650 3,720
Debtors 5 37,053 51,832
Cash at bank 93,251 48,033
135,954 103,585
CREDITORS
Amounts falling due within one year 6 36,304 32,899
NET CURRENT ASSETS 99,650 70,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,397

91,211

CAPITAL AND RESERVES
Called up share capital 7 4
Retained earnings 118,390 91,207
SHAREHOLDERS' FUNDS 118,397 91,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 April 2024 and were signed on its behalf by:





Mr D Watson - Director


The Douglas Watson Studio Limited (Registered number: 05236433)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

The Douglas Watson Studio Limited 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
Turnover 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

The Douglas Watson Studio Limited (Registered number: 05236433)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 13,412 58,913 72,325
DEPRECIATION
At 1 October 2022 - 51,800 51,800
Charge for year - 1,778 1,778
At 30 September 2023 - 53,578 53,578
NET BOOK VALUE
At 30 September 2023 13,412 5,335 18,747
At 30 September 2022 13,412 7,113 20,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,920 37,086
Other debtors 15,133 14,746
37,053 51,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,522 3,965
Taxation and social security 26,140 13,853
Other creditors 2,642 15,081
36,304 32,899

7. RELATED PARTY DISCLOSURES

Mr D Watson and Ms J Galloway own 100% of the share capital in the Company.