Registered number
08797097
Pulse Digital Studio Ltd
Filleted Accounts
30 November 2023
Pulse Digital Studio Ltd
Registered number: 08797097
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,794 18,054
Current assets
Debtors 4 171,173 120,793
Cash at bank and in hand 32,034 38,410
203,207 159,203
Creditors: amounts falling due within one year 5 (187,385) (140,347)
Net current assets 15,822 18,856
Total assets less current liabilities 31,616 36,910
Creditors: amounts falling due after more than one year 6 (12,212) (18,849)
Provisions for liabilities (3,294) (3,294)
Net assets 16,110 14,767
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,109 14,766
Shareholders' funds 16,110 14,767
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B Hancock
Director
Approved by the board on 29 August 2024
Pulse Digital Studio Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 32,038 7,000 39,038
Additions 852 - 852
At 30 November 2023 32,890 7,000 39,890
Depreciation
At 1 December 2022 16,740 4,244 20,984
Charge for the year 2,423 689 3,112
At 30 November 2023 19,163 4,933 24,096
Net book value
At 30 November 2023 13,727 2,067 15,794
At 30 November 2022 15,298 2,756 18,054
4 Debtors 2023 2022
£ £
Trade debtors 45,662 55,593
Other debtors 125,511 65,200
171,173 120,793
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,123 7,123
Trade creditors - 13
Taxation and social security costs 38,620 23,495
Other creditors 141,642 109,716
187,385 140,347
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,212 18,849
7 Related party transactions
As of the balance sheet date, the company discloses the balances owed from its group undertakings, True Story Brew Bar Ltd. The company shares a common directorship with its group undertakings.

At the balance sheet date, the company had a receivable balance due from True Story Brew Bar Ltd amounting to £125,050 (2022: £65,200).

There are no further transactions that need to be disclosed under FRS102, beyond those already disclosed here or within the other sections of the financial statements.
8 Other information
Pulse Digital Studio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Lyme Avenue
Warminster
Wiltshire
BA12 8LN
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