Company Registration No. 07372771 (England and Wales)
Studionesh Limited
Unaudited accounts
for the year ended 30 November 2023
Studionesh Limited
Unaudited accounts
Contents
Studionesh Limited
Company Information
for the year ended 30 November 2023
Company Number
07372771 (England and Wales)
Registered Office
Embassy Offices
Stangate House
Stanwell Road
Penarth
CF64 2AA
Wales
Accountants
Cadre Advisory Ltd
Embassy Offices, Stangate House
Stanwell Road
Penarth
CF64 2AA
Studionesh Limited
Statement of financial position
as at 30 November 2023
Tangible assets
7,748
8,673
Cash at bank and in hand
4,082
(105)
Creditors: amounts falling due within one year
(423,920)
(250,737)
Net current (liabilities)/assets
(103,610)
28,844
Total assets less current liabilities
(95,862)
37,517
Creditors: amounts falling due after more than one year
(34,809)
(36,611)
Net (liabilities)/assets
(130,671)
906
Called up share capital
2
2
Profit and loss account
(130,673)
904
Shareholders' funds
(130,671)
906
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 17 January 2024 and were signed on its behalf by
N B Pawar
Director
Company Registration No. 07372771
Studionesh Limited
Notes to the Accounts
for the year ended 30 November 2023
Studionesh Limited is a private company, limited by shares, registered in England and Wales, registration number 07372771. The registered office is Embassy Offices, Stangate House, Stanwell Road, Penarth, CF64 2AA, Wales.
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:
Plant & machinery
15% straight line basis
Computer equipment
15% straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Studionesh Limited
Notes to the Accounts
for the year ended 30 November 2023
The financial statements are prepared on the assumption that the entity is a going concern and will continue its operations for the foreseeable future.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
2,331
10,256
12,587
At 30 November 2023
2,331
11,279
13,610
At 1 December 2022
365
3,549
3,914
Charge for the year
350
1,598
1,948
At 30 November 2023
715
5,147
5,862
At 30 November 2023
1,616
6,132
7,748
At 30 November 2022
1,966
6,707
8,673
Amounts falling due within one year
Amounts due from group undertakings etc.
83,104
82,608
Accrued income and prepayments
-
1,760
Other debtors
225,119
188,370
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
65,531
16,453
Trade creditors
36,919
77,303
Taxes and social security
41,951
52,014
Other creditors
85,826
37,949
7
Creditors: amounts falling due after more than one year
2023
2022
Studionesh Limited
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loann account
95,755
38,583
18,639
115,699
95,755
38,583
18,639
115,699
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).