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Registered Number: 14960395
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the period ended 30 June 2024

for

TORPEDO STUDIOS LIMITED

 
 
Notes
 
2024
£
Fixed assets
Tangible fixed assets 2 742 
742 
 
Current assets
Cash at bank and in hand 46,979 
46,979 
Creditors: amount falling due within one year 3 (25,520)
Net current assets 21,459 
 
Total assets less current liabilities 22,201 
Net assets 22,201 
 

Capital and reserves
Called up share capital 1 
Profit and loss account 4 22,200 
Shareholders fund 22,201 
 
For the period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Craig Paul Norris
Director

Date approved: 17 October 2024
1
Statutory Information
TORPEDO STUDIOS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 14960395, registration address 52 Buckminster Drive, Solihull, West Midlands, B93 8PG, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
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:
Office Equipment20% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Office Equipment   Total
  £   £
At 26 June 2023  
Additions 928    928 
Disposals  
At 30 June 2024 928    928 
Depreciation
At 26 June 2023  
Charge for period 186    186 
On disposals  
At 30 June 2024 186    186 
Net book values
Closing balance as at 30 June 2024 742    742 

3.

Creditors: amount falling due within one year

2024
£
Accrued expenses 958 
Corporation tax 13,952 
Vat 10,610 
25,520 
4.

Profit and loss account

  2024
£
Balance at 26 June 2023
Profit for the period 44,219 
Equity dividend paid (22,019)
Balance at 30 June 2024 22,200 

5.

Average number of employees

Average number of employees during the period was 0 .
2