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REGISTERED NUMBER: 08261296 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Studio Clark + Co Limited

Studio Clark + Co Limited (Registered number: 08261296)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Studio Clark + Co Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs L Clark





SECRETARY:





REGISTERED OFFICE: Accrue Workplaces, The Long Barn
Down Farm
Cobham Park Road
Cobham
Surrey
KT11 3NE





REGISTERED NUMBER: 08261296 (England and Wales)





ACCOUNTANTS: PennyBooks Limited
Unit 111, The Light Bulb
1 Filament Walk
London
SW18 4GQ

Studio Clark + Co Limited (Registered number: 08261296)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 801

CURRENT ASSETS
Stocks 8,286 3,796
Debtors 13,562 19,988
Cash at bank and in hand 23,402 12,955
45,250 36,739
CREDITORS
Amounts falling due within one year 25,190 19,044
NET CURRENT ASSETS 20,060 17,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,061

18,496

CREDITORS
Amounts falling due after more than one
year

(4,966

)

(7,911

)

PROVISIONS FOR LIABILITIES - (152 )
NET ASSETS 15,095 10,433

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,995 10,333
SHAREHOLDERS' FUNDS 15,095 10,433

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

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

The director acknowledges her 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.

Studio Clark + Co Limited (Registered number: 08261296)

Abridged Balance Sheet - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 July 2024 and were signed by:





Mrs L Clark - Director


Studio Clark + Co Limited (Registered number: 08261296)

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

1. STATUTORY INFORMATION

Studio Clark + Co 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.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Studio Clark + Co Limited (Registered number: 08261296)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 20,038
DEPRECIATION
At 1 November 2022 19,237
Charge for year 800
At 31 October 2023 20,037
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 801

5. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
BBL less than 1 year 3,000 3,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,000 3,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,966 4,911

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mrs L Clark
Balance outstanding at start of year 8,448 8,840
Amounts advanced - (392 )
Amounts repaid (1,083 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,365 8,448

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Clark.