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REGISTERED NUMBER: 04708949 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Steve Russell Studios Ltd

Steve Russell Studios Ltd (Registered number: 04708949)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steve Russell Studios Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr S Russell





REGISTERED OFFICE: Unit 8a Chalford Industrial Estate
Chalford
Stroud
Gloucestershire
GL6 8NT





REGISTERED NUMBER: 04708949 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Steve Russell Studios Ltd (Registered number: 04708949)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 242,626 234,956
242,626 234,956

CURRENT ASSETS
Stocks 3,373 5,185
Debtors 6 52,282 43,220
Cash at bank and in hand 20,000 33,467
75,655 81,872
CREDITORS
Amounts falling due within one year 7 48,367 27,709
NET CURRENT ASSETS 27,288 54,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,914

289,119

CREDITORS
Amounts falling due after more than one
year

8

17,523

31,824
NET ASSETS 252,391 257,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 252,291 257,195
SHAREHOLDERS' FUNDS 252,391 257,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Steve Russell Studios Ltd (Registered number: 04708949)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 19 August 2024 and were signed by:





Mr S Russell - Director


Steve Russell Studios Ltd (Registered number: 04708949)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Steve Russell Studios 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 50,000
AMORTISATION
At 1 July 2023
and 30 June 2024 50,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Steve Russell Studios Ltd (Registered number: 04708949)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 191,953 245,319 437,272
Additions - 30,846 30,846
Disposals - (6,284 ) (6,284 )
At 30 June 2024 191,953 269,881 461,834
DEPRECIATION
At 1 July 2023 - 202,316 202,316
Charge for year - 16,892 16,892
At 30 June 2024 - 219,208 219,208
NET BOOK VALUE
At 30 June 2024 191,953 50,673 242,626
At 30 June 2023 191,953 43,003 234,956

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 52,049 43,220
Other debtors 233 -
52,282 43,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 14,591 14,301
Trade creditors 3,893 1,348
Taxation and social security 28,268 10,527
Other creditors 1,615 1,533
48,367 27,709

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 17,523 31,824