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REGISTERED NUMBER: 09133556 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

MULE STUDIO LTD

MULE STUDIO LTD (REGISTERED NUMBER: 09133556)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

MULE STUDIO LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: H F M Lewis
J S Munro





REGISTERED OFFICE: Suite 1, Eighth Floor
Intergen House
65-67 Western Road
Hove
BN3 2JQ





REGISTERED NUMBER: 09133556 (England and Wales)





ACCOUNTANTS: Chambers & Co Accountants LLP
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

MULE STUDIO LTD (REGISTERED NUMBER: 09133556)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,696 9,948

CURRENT ASSETS
Debtors 5 75,722 46,044
Cash at bank 210,939 192,458
286,661 238,502
CREDITORS
Amounts falling due within one year 6 33,701 21,368
NET CURRENT ASSETS 252,960 217,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,656

227,082

PROVISIONS FOR LIABILITIES 1,652 2,487
NET ASSETS 260,004 224,595

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 260,003 224,594
SHAREHOLDERS' FUNDS 260,004 224,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:




J S Munro - Director


MULE STUDIO LTD (REGISTERED NUMBER: 09133556)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mule Studio Ltd 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 each asset over its estimated useful life.
Studio equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes to defined contribution schemes. Contributions payable to the schemes are charged to the profit and loss account in the period in which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

MULE STUDIO LTD (REGISTERED NUMBER: 09133556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Studio
equipment
£   
COST
At 1 January 2023 20,685
Additions 3,271
Disposals (2,269 )
At 31 December 2023 21,687
DEPRECIATION
At 1 January 2023 10,737
Charge for year 3,868
Eliminated on disposal (1,614 )
At 31 December 2023 12,991
NET BOOK VALUE
At 31 December 2023 8,696
At 31 December 2022 9,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,166 42,544
Other debtors 8,760 3,500
Directors' loan accounts 502 -
Prepayments 5,294 -
75,722 46,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 21,394 17,499
Social security and other taxes 191 -
VAT 8,687 2,819
Net pay due 2,079 -
Accrued expenses 1,350 1,050
33,701 21,368

MULE STUDIO LTD (REGISTERED NUMBER: 09133556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J S Munro
Balance outstanding at start of year - -
Amounts advanced 502 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 502 -

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mule Studio Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mule Studio Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Mule Studio Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mule Studio Ltd and state those matters that we have agreed to state to the Board of Directors of Mule Studio Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mule Studio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mule Studio Ltd. You consider that Mule Studio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mule Studio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chambers & Co Accountants LLP
Suite 1, Eighth Floor,
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ


6 September 2024