Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Miss T C Acheson 02/12/2020 14 October 2024 The principal activity of the Company during the financial year was artistic creation. 13057062 2024-01-31 13057062 bus:Director1 2024-01-31 13057062 2023-01-31 13057062 core:CurrentFinancialInstruments 2024-01-31 13057062 core:CurrentFinancialInstruments 2023-01-31 13057062 core:ShareCapital 2024-01-31 13057062 core:ShareCapital 2023-01-31 13057062 core:RetainedEarningsAccumulatedLosses 2024-01-31 13057062 core:RetainedEarningsAccumulatedLosses 2023-01-31 13057062 core:LandBuildings 2023-01-31 13057062 core:OtherPropertyPlantEquipment 2023-01-31 13057062 core:LandBuildings 2024-01-31 13057062 core:OtherPropertyPlantEquipment 2024-01-31 13057062 2023-02-01 2024-01-31 13057062 bus:FilletedAccounts 2023-02-01 2024-01-31 13057062 bus:SmallEntities 2023-02-01 2024-01-31 13057062 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13057062 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13057062 bus:Director1 2023-02-01 2024-01-31 13057062 core:LandBuildings core:TopRangeValue 2023-02-01 2024-01-31 13057062 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 13057062 2022-02-01 2023-01-31 13057062 core:LandBuildings 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 13057062 (England and Wales)

STUDIOBEAM PRODUCTIONS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

STUDIOBEAM PRODUCTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

STUDIOBEAM PRODUCTIONS LTD

BALANCE SHEET

As at 31 January 2024
STUDIOBEAM PRODUCTIONS LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 22,302 4,457
22,302 4,457
Current assets
Debtors 4 1,938 5,285
Cash at bank and in hand 28,259 34,982
30,197 40,267
Creditors: amounts falling due within one year 5 ( 15,832) ( 8,209)
Net current assets 14,365 32,058
Total assets less current liabilities 36,667 36,515
Net assets 36,667 36,515
Capital and reserves
Called-up share capital 100 100
Profit and loss account 36,567 36,415
Total shareholder's funds 36,667 36,515

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

Director's responsibilities:

The financial statements of StudioBEAM Productions Ltd (registered number: 13057062) were approved and authorised for issue by the Director on 14 October 2024. They were signed on its behalf by:

Miss T C Acheson
Director
STUDIOBEAM PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
STUDIOBEAM PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

StudioBEAM Productions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 years straight line
depreciated over the life of the lease
Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 February 2023 4,086 638 4,724
Additions 20,607 307 20,914
At 31 January 2024 24,693 945 25,638
Accumulated depreciation
At 01 February 2023 68 199 267
Charge for the financial year 2,961 108 3,069
At 31 January 2024 3,029 307 3,336
Net book value
At 31 January 2024 21,664 638 22,302
At 31 January 2023 4,018 439 4,457

4. Debtors

2024 2023
£ £
Trade debtors 1,938 390
Other debtors 0 4,895
1,938 5,285

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,992 289
Taxation and social security 11,259 5,535
Other creditors 2,581 2,385
15,832 8,209

6. Related party transactions

Transactions with the entity's director

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 February 2023, the balance owed to the director was £850. During the year, £51,458 was advanced to the director, and £51,436 was repaid by the director. At 31 January 2024, the balance owed to the director was £828.

At 1 February 2022, the balance owed to the director was £302. During the year, £62,571 was advanced to the director, and £63,119 was repaid by the director. At 31 January 2023, the balance owed to the director was £850.