Bad Star Studios Ltd Filleted Accounts Cover
Bad Star Studios Ltd
Company No. 12456023
Information for Filing with The Registrar
29 February 2024
Bad Star Studios Ltd Balance Sheet Registrar
at
29 February 2024
Company No.
12456023
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
152,59056,188
152,59056,188
Current assets
Debtors
142,835231,011
Cash at bank and in hand
161,16993,972
304,004324,983
Creditors: Amount falling due within one year
(142,930)
(146,471)
Net current assets
161,074178,512
Total assets less current liabilities
313,664234,700
Creditors: Amounts falling due after more than one year
(19,833)
(28,333)
Net assets
293,831206,367
Capital and reserves
Called up share capital
100100
Profit and loss account
6
293,731206,267
Total equity
293,831206,367
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 February 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 29 February 2024 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 02 September 2024 and signed on its behalf by:
K.J.W. Bastard
Director
02 September 2024
Bad Star Studios Ltd Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
Bad Star Studios Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12456023
Its registered office is:
Unit 7 Acacia Business Centr
Howard Road
London
E11 3PJ
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss accountant balance sheet to be prepared.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
41
4
Tangible fixed assets
Total
£
Cost or revaluation
At 1 March 2023
78,335
Additions
114,337
At 29 February 2024
192,672
Depreciation
At 1 March 2023
22,147
Charge for the year
17,935
At 29 February 2024
40,082
Net book values
At 29 February 2024
152,590
At 28 February 2023
56,188
5
Share Capital
100 Ordinary shares of £1 each
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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