Company Registration No. 13827270 (England and Wales)
Studio Adorn Ltd
Unaudited accounts
for the year ended 31 January 2024
Studio Adorn Ltd
Unaudited accounts
Contents
Studio Adorn Ltd
Company Information
for the year ended 31 January 2024
Directors
Bonnie Doonan
Iain McCarten
Company Number
13827270 (England and Wales)
Registered Office
17-19 ST. GEORGES STREET
NORWICH
NR3 1AB
ENGLAND
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Studio Adorn Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
2,836
13,896
Creditors: amounts falling due within one year
(17,266)
(40,338)
Net current assets
6,416
37,444
Total assets less current liabilities
6,864
37,577
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
6,778
37,549
Shareholders' funds
6,779
37,550
For the year ending 31 January 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 9 September 2024 and were signed on its behalf by
Bonnie Doonan
Director
Company Registration No. 13827270
Studio Adorn Ltd
Notes to the Accounts
for the year ended 31 January 2024
Studio Adorn Ltd is a private company, limited by shares, registered in England and Wales, registration number 13827270. The registered office is 17-19 ST. GEORGES STREET, NORWICH, NR3 1AB, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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% Reducing Balance
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Studio Adorn Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
-
141
141
At 31 January 2024
424
141
565
Charge for the year
47
62
109
At 31 January 2024
47
70
117
At 31 January 2024
377
71
448
At 31 January 2023
-
133
133
Amounts falling due within one year
Accrued income and prepayments
-
81
Other debtors
16,754
53,643
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,687
9,659
Other creditors
5,327
21,393
As at 31st January 2024 the directors owed the company £16,093. The loan is included in other debtors due within one year in note 5 to the financial statements and is repayable on demand. The loan is interest free.
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).