Chuck Elliott Studio Ltd 03103335 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is artistic creation. Digita Accounts Production Advanced 6.30.9574.0 true 03103335 2023-04-01 2024-03-31 03103335 2024-03-31 03103335 core:RetainedEarningsAccumulatedLosses 2024-03-31 03103335 core:ShareCapital 2024-03-31 03103335 core:CurrentFinancialInstruments 2024-03-31 03103335 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03103335 core:OfficeEquipment 2024-03-31 03103335 bus:SmallEntities 2023-04-01 2024-03-31 03103335 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03103335 bus:FilletedAccounts 2023-04-01 2024-03-31 03103335 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03103335 bus:RegisteredOffice 2023-04-01 2024-03-31 03103335 bus:Director1 2023-04-01 2024-03-31 03103335 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03103335 core:OfficeEquipment 2023-04-01 2024-03-31 03103335 countries:EnglandWales 2023-04-01 2024-03-31 03103335 core:OfficeEquipment 2023-03-31 03103335 2022-04-01 2023-03-31 03103335 2023-03-31 03103335 core:RetainedEarningsAccumulatedLosses 2023-03-31 03103335 core:ShareCapital 2023-03-31 03103335 core:CurrentFinancialInstruments 2023-03-31 03103335 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03103335 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03103335

Chuck Elliott Studio Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Chuck Elliott Studio Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Chuck Elliott Studio Ltd

Company Information

Director

C J B Elliott

Registered office

10 Southfield Road
Bristol
BS6 6AY

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
BS22 8NG

 

Chuck Elliott Studio Ltd

(Registration number: 03103335)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

693

1,366

Current assets

 

Stocks

5

30,241

27,759

Debtors

6

3,078

1,688

Cash at bank and in hand

 

360

9,884

 

33,679

39,331

Creditors: Amounts falling due within one year

7

(26,940)

(30,050)

Net current assets

 

6,739

9,281

Net assets

 

7,432

10,647

Capital and reserves

 

Called up share capital

2

2

Retained earnings

7,430

10,645

Shareholders' funds

 

7,432

10,647

 

Chuck Elliott Studio Ltd

(Registration number: 03103335)
Balance Sheet
31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 8 October 2024
 

.........................................
C J B Elliott
Director

 

Chuck Elliott Studio Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Southfield Road
Bristol
BS6 6AY

These financial statements were authorised for issue by the director on 8 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Chuck Elliott Studio Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Chuck Elliott Studio Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

4

Tangible assets

Office equipment
£

Cost or valuation

At 1 April 2023

8,659

At 31 March 2024

8,659

Depreciation

At 1 April 2023

7,293

Charge for the year

673

At 31 March 2024

7,966

Carrying amount

At 31 March 2024

693

At 31 March 2023

1,366

 

Chuck Elliott Studio Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

5

Stocks

2024
£

2023
£

Other inventories

30,241

27,759

6

Debtors

2024
£

2023
£

Trade debtors

3,078

1,688

3,078

1,688

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,224

2,089

Accruals and deferred income

984

912

Other creditors

23,732

27,049

26,940

30,050