Registered number
09366095
Polybition Studios Ltd
Filleted Accounts
31 December 2023
Polybition Studios Ltd
Registered number: 09366095
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,039 2,078
Current assets
Cash at bank and in hand 2,269 3,077
Creditors: amounts falling due within one year 4 (15,669) (13,222)
Net current liabilities (13,400) (10,145)
Net liabilities (12,361) (8,067)
Capital and reserves
Called up share capital 1 1
Share premium 76,076 76,076
Profit and loss account (88,438) (84,144)
Shareholder's funds (12,361) (8,067)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Young
Director
Approved by the board on 9 August 2024
Polybition Studios Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
IT Equipment over 2 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 3,247
At 31 December 2023 3,247
Depreciation
At 1 January 2023 1,169
Charge for the year 1,039
At 31 December 2023 2,208
Net book value
At 31 December 2023 1,039
At 31 December 2022 2,078
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 15,669 13,222
5 Other information
Polybition Studios Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
England
N1 7GU
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