Company Registration No. 11930793 (England and Wales)
Chroma Studios Ltd
Unaudited accounts
for the year ended 30 April 2024
Chroma Studios Ltd
Unaudited accounts
Contents
Chroma Studios Ltd
Company Information
for the year ended 30 April 2024
Directors
James Lashmar
Lauren Mcintosh
Company Number
11930793 (England and Wales)
Registered Office
Chroma Studios Ltd C3, Design District
13 Soames Walk, Greenwich Peninsula
London
SE10 0AX
England
Accountants
Accounts Studio Ltd
20-22 Wenlock Road
London
N1 7GU
Chroma Studios Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
12,923
17,361
Cash at bank and in hand
19,332
28,326
Creditors: amounts falling due within one year
(24,803)
(15,638)
Net current (liabilities)/assets
(116)
14,653
Called up share capital
10
10
Profit and loss account
12,797
32,004
Shareholders' funds
12,807
32,014
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
James Lashmar
Director
Company Registration No. 11930793
Chroma Studios Ltd
Notes to the Accounts
for the year ended 30 April 2024
Chroma Studios Ltd is a private company, limited by shares, registered in England and Wales, registration number 11930793. The registered office is Chroma Studios Ltd C3, Design District, 13 Soames Walk, Greenwich Peninsula, London, SE10 0AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
3,099
31,352
34,451
At 30 April 2024
3,099
35,188
38,287
At 1 May 2023
1,138
15,952
17,090
Charge for the year
786
7,488
8,274
At 30 April 2024
1,924
23,440
25,364
At 30 April 2024
1,175
11,748
12,923
At 30 April 2023
1,961
15,400
17,361
Chroma Studios Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,534
8,655
Loans from directors
16,673
4,985
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).