2023-02-012024-01-312024-01-31false10597572STUDIO 520 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STUDIO 520 LIMITED

Registered Number
10597572
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

STUDIO 520 LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

LONG, Jack

Registered Address

23 Westwood Avenue
Hitchin
SG4 9LH

Registered Number

10597572 (England and Wales)
STUDIO 520 LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors-3
Cash at bank and on hand2771,355
2771,358
Creditors amounts falling due within one year3(19,994)(19,997)
Net current assets (liabilities)(19,717)(18,639)
Total assets less current liabilities(19,717)(18,639)
Net assets(19,717)(18,639)
Capital and reserves
Called up share capital100100
Profit and loss account(19,817)(18,739)
Shareholders' funds(19,717)(18,639)
The financial statements were approved and authorised for issue by the Director on 5 September 2024, and are signed on its behalf by:
LONG, Jack
Director
Registered Company No. 10597572
STUDIO 520 LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
2.Average number of employees

20242023
Average number of employees during the year11
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables407-
Other creditors18,92819,337
Accrued liabilities and deferred income659660
Total19,99419,997