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REGISTERED NUMBER: 14877356 (England and Wales)




















Onsight Studios Limited

Unaudited Financial Statements

for the Period 18 May 2023 to 31 May 2024






Onsight Studios Limited (Registered number: 14877356)






Contents of the Financial Statements
for the Period 18 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Onsight Studios Limited

Company Information
for the Period 18 May 2023 to 31 May 2024







DIRECTOR: Mr C F Lo



REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ



REGISTERED NUMBER: 14877356 (England and Wales)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Wise
6th Floor
Tea Building
56 Shoreditch High Street
London
E1 6JJ

Onsight Studios Limited (Registered number: 14877356)

Balance Sheet
31 May 2024

Notes £   
CURRENT ASSETS
Cash at bank 17,193

CREDITORS
Amounts falling due within one year 4 16,734
NET CURRENT ASSETS 459
TOTAL ASSETS LESS CURRENT
LIABILITIES

459

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 449
459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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.

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 1 August 2024 and were signed by:




Mr C F Lo - Director


Onsight Studios Limited (Registered number: 14877356)

Notes to the Financial Statements
for the Period 18 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Onsight Studios 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 and revenue recognition
Turnover, which represents the invoiced supply of services, is recognised at the point when the service is provided to the customer.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the period 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 period 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.

Onsight Studios Limited (Registered number: 14877356)

Notes to the Financial Statements - continued
for the Period 18 May 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued

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 period was 1 .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 2,049
Other creditors 14,685
16,734

The director's current account is unsecured, interest free and has no fixed repayment period.