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REGISTERED NUMBER: 11214431 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gittings Studio Ltd

Gittings Studio Ltd (Registered number: 11214431)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gittings Studio Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R J Gittings
Mrs K A Gittings





REGISTERED OFFICE: 1 Grove Park
Wormbridge
Hereford
Herefordshire
HR2 9DX





REGISTERED NUMBER: 11214431 (England and Wales)





ACCOUNTANTS: Golden Valley Accountancy Limited
Unit 4
Westwood Industrial Estate
Pontrilas
Herefordshire
HR2 0EL

Gittings Studio Ltd (Registered number: 11214431)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,241 7,858

CURRENT ASSETS
Debtors 5 5,610 1,350
Cash at bank 65,160 57,631
70,770 58,981
CREDITORS
Amounts falling due within one year 6 31,541 13,147
NET CURRENT ASSETS 39,229 45,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,470

53,692

CREDITORS
Amounts falling due after more than
one year

7

20,887

-
NET ASSETS 68,583 53,692

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,483 53,592
SHAREHOLDERS' FUNDS 68,583 53,692

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

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

Gittings Studio Ltd (Registered number: 11214431)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr R J Gittings - Director


Gittings Studio Ltd (Registered number: 11214431)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gittings 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
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 - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 (2023 - 1 ) .

Gittings Studio Ltd (Registered number: 11214431)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,728
Additions 58,474
At 31 March 2024 71,202
DEPRECIATION
At 1 April 2023 4,870
Charge for year 16,091
At 31 March 2024 20,961
NET BOOK VALUE
At 31 March 2024 50,241
At 31 March 2023 7,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,610 1,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,443 -
Taxation and social security 12,463 11,531
Other creditors 8,635 1,616
31,541 13,147

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 20,887 -