EKG ART STUDIO LTD

Company Registration Number:
10156270 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

EKG ART STUDIO LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EKG ART STUDIO LTD

Company Information

for the Period Ended 29 February 2024




Director: Zeynep Esra Gokcen
Registered office: 3
Wells Grove
Eagle Farm South
Milton Keynes
England
MK17 7BJ
Company Registration Number: 10156270 (England and Wales)

EKG ART STUDIO LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

The company's principal activity during the year continued to be private art tuitions, designing and delivering art workshops, art consultancy, commissions (made to order pictures.)

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Zeynep Esra Gokcen

This report was approved by the board of directors on 11 October 2024
And Signed On Behalf Of The Board By:

Name: Zeynep Esra Gokcen
Status: Director

EKG ART STUDIO LTD

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 24,424 22,828
Cost of sales ( 2,711 ) ( 2,261 )
Gross Profit or (Loss) 21,713 20,567
Distribution Costs ( 0 ) -
Administrative Expenses ( 20,470 ) ( 19,555 )
Other operating income 0 -
Operating Profit or (Loss) 1,243 1,012
Interest Receivable and Similar Income 353 63
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 1,596 1,075
Tax on Profit ( 303 ) -
Profit or (Loss) for Period 1,293 1,075

The notes form part of these financial statements

EKG ART STUDIO LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,535 0
Total fixed assets: 1,535 0
Current assets
Stocks: 3,737 6,499
Debtors: 5 19,250 27,152
Cash at bank and in hand: 19,119 23,582
Total current assets: 42,106 57,233
Creditors: amounts falling due within one year: 6 ( 3,392 ) ( 5,321 )
Net current assets (liabilities): 38,714 51,912
Total assets less current liabilities: 40,249 51,912
Creditors: amounts falling due after more than one year: 7 ( 37,263 ) ( 50,219 )
Total net assets (liabilities): 2,986 1,693

The notes form part of these financial statements

EKG ART STUDIO LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,886 1,593
Shareholders funds: 2,986 1,693

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 October 2024
And Signed On Behalf Of The Board By:

Name: Zeynep Esra Gokcen
Status: Director

The notes form part of these financial statements

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
    Office Equipment - 50% on cost

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 March 2023 0 0
Additions 3,070 3,070
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 3,070 3,070
Depreciation
At 01 March 2023 0 0
Charge for year 1,535 1,535
On disposals - -
Other adjustments - -
At 29 February 2024 1,535 1,535
Net book value
At 29 February 2024 1,535 1,535
At 28 February 2023 0 0

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,450 9,352
Prepayments and accrued income 17,800 17,800
Total 19,250 27,152

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 3,089 3,941
Taxation and social security 303 1,380
Total 3,392 5,321

EKG ART STUDIO LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 37,263 50,219
Total 37,263 50,219

Director's Account