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REGISTERED NUMBER: 07086216 (England and Wales)
















Another Studio For Design Limited

Unaudited Financial Statements

for the Year Ended 30th November 2023






Another Studio For Design Limited (Registered number: 07086216)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Another Studio For Design Limited

Company Information
for the Year Ended 30th November 2023







Director: Miss A L Furnival





Registered office: Another Studio
Unit 1 Fusion Apartments
Moulding Lane
London
SE14 6BG





Registered number: 07086216 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Another Studio For Design Limited (Registered number: 07086216)

Statement of Financial Position
30th November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 227,072 4,832

Current assets
Stocks 58,411 71,290
Debtors 5 70,557 65,584
Cash at bank 83,790 130,744
212,758 267,618
Creditors
Amounts falling due within one year 6 51,286 52,974
Net current assets 161,472 214,644
Total assets less current liabilities 388,544 219,476

Creditors
Amounts falling due after more than one
year

7

(144,266

)

-

Provisions for liabilities (1,963 ) (1,208 )
Net assets 242,315 218,268

Capital and reserves
Called up share capital 1 1
Retained earnings 242,314 218,267
242,315 218,268

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Another Studio For Design Limited (Registered number: 07086216)

Statement of Financial Position - continued
30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th August 2024 and were signed by:





Miss A L Furnival - Director


Another Studio For Design Limited (Registered number: 07086216)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. Statutory information

Another Studio For Design 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% on reducing balance

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2022 - 6 ) .

Another Studio For Design Limited (Registered number: 07086216)

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

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Cost
At 1st December 2022 - 15,451 - 15,451
Additions 219,125 792 4,387 224,304
At 30th November 2023 219,125 16,243 4,387 239,755
Depreciation
At 1st December 2022 - 10,619 - 10,619
Charge for year - 1,405 659 2,064
At 30th November 2023 - 12,024 659 12,683
Net book value
At 30th November 2023 219,125 4,219 3,728 227,072
At 30th November 2022 - 4,832 - 4,832

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 64,123 64,484
Other debtors 6,434 1,100
70,557 65,584

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 3,371 -
Trade creditors 9,044 9,397
Taxation and social security 29,987 41,238
Other creditors 8,884 2,339
51,286 52,974

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 144,266 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 128,666 -

Another Studio For Design Limited (Registered number: 07086216)

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

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
Miss A L Furnival
Balance outstanding at start of year - 6,480
Amounts repaid - (6,480 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -