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Draft
Studio 35 Limited
Registered Number:06229966
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 April 2024
Studio 35 Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
06229966
As at 30 April 2024
Studio 35 Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,056
13,482
2
3,056
13,482
Current assets
Inventories
70,247
61,172
3
Trade and other receivables
6,034
4,764
4
65,936
76,281
Trade and other payables: amounts falling due within one
year
(47,560)
(51,571)
5
28,721
14,365
Net current assets
Total assets less current liabilities
17,421
42,203
Trade and other payables: amounts falling due after more
than one year
(20,833)
(21,077)
6
(581)
(2,561)
Provisions for liabilities
(4,237)
Net assets/liabilities
18,809
Capital and reserves
Called up share capital
10
10
Retained earnings
(4,247)
18,799
(4,237)
18,809
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Antony Reineke Director
These financial statements were approved and authorised for issue by the Board on 17 September 2024 and were signed by:
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4
Draft
Registered Number :
06229966
For the year ended 30 April 2024
Studio 35 Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 30 April 2024
Studio 35 Limited
Notes to the Financial Statements
Statutory Information
Studio 35 Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06229966.
Registered address:
Suite 3 Market House
19-21 Market Place
Wokingham
RG40 1AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Straight line
33% Straight line
Computer equipment
10% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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Draft
For the year ended 30 April 2024
Studio 35 Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 May 2023
31,531
1,078
8,563
21,890
-
(3,483)
(12,990)
Disposals
(16,473)
At 30 April 2024
8,900
5,080
1,078
15,058
Provision for depreciation and impairment
At 01 May 2023
18,049
664
6,849
10,536
Charge for year
2,632
344
508
1,780
(8,679)
-
(3,483)
(5,196)
On disposal
At 30 April 2024
12,002
1,008
3,874
7,120
At 30 April 2024
Net book value
1,780
1,206
70
3,056
At 30 April 2023
11,354
1,714
414
13,482
3. Inventories
2023
2024
£
£
Stocks
61,172
70,247
4. Trade and other receivables
2023
2024
£
£
Trade debtors
790
2,746
Other debtors
3,974
3,288
6,034
4,764
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
12,238
11,713
Trade creditors
9,731
14,618
Taxation and social security
2,411
9,581
Other creditors
27,191
11,648
51,571
47,560
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7
Draft
For the year ended 30 April 2024
Studio 35 Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
21,077
20,833
7. Guarantees and other financial commitments
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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