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REGISTERED NUMBER: 14009696 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BILLO STUDIO LTD

BILLO STUDIO LTD (REGISTERED NUMBER: 14009696)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BILLO STUDIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: W M Steel





SECRETARY:





REGISTERED OFFICE: 80 Coombe Road
New Malden
Surrey
KT3 4QS





REGISTERED NUMBER: 14009696 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

BILLO STUDIO LTD (REGISTERED NUMBER: 14009696)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,949 5,416

CURRENT ASSETS
Debtors 6 3,062 545
Cash in hand 1,898 2,357
4,960 2,902
CREDITORS
Amounts falling due within one year 7 15,553 11,226
NET CURRENT LIABILITIES (10,593 ) (8,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,644

)

(2,908

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,645 ) (2,909 )
(6,644 ) (2,908 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 12 September 2024 and were signed by:




W M Steel - Director


BILLO STUDIO LTD (REGISTERED NUMBER: 14009696)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Billo 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the year end the company had net liabilities of £6,644 including a loan from the director of £8,308. The accounts have been prepared on the going concern basis because the director has agreed to continue to support the company for a period of 12 months from approval of the accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised in the period in which the related services are provided.

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 - over 3 years

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BILLO STUDIO LTD (REGISTERED NUMBER: 14009696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 8,996
Additions 2,298
At 31 March 2024 11,294
DEPRECIATION
At 1 April 2023 3,580
Charge for year 3,765
At 31 March 2024 7,345
NET BOOK VALUE
At 31 March 2024 3,949
At 31 March 2023 5,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 757 -
Other debtors 2,305 545
3,062 545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,324 557
Taxation and social security 695 1,920
Other creditors 11,534 8,749
15,553 11,226

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £8,308 (2023: £8,436).