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REGISTERED NUMBER: 07645340 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

BURGESS STUDIO LIMITED

BURGESS STUDIO LIMITED (REGISTERED NUMBER: 07645340)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURGESS STUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: A L Burgess





REGISTERED OFFICE: Burgess Studio Unit Eg1 A&B Block E
Unit A Kingsland Wharves
24 Hertford Road
London
N1 5QT





REGISTERED NUMBER: 07645340 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

BURGESS STUDIO LIMITED (REGISTERED NUMBER: 07645340)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335,732 399,780
Investments 5 30,200 18,500
365,932 418,280

CURRENT ASSETS
Debtors 6 455,232 804,957
Cash at bank and in hand 1,255,807 640,285
1,711,039 1,445,242
CREDITORS
Amounts falling due within one year 7 487,754 833,981
NET CURRENT ASSETS 1,223,285 611,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,589,217

1,029,541

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,589,017 1,029,341
1,589,217 1,029,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BURGESS STUDIO LIMITED (REGISTERED NUMBER: 07645340)

BALANCE SHEET - continued
31ST MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th October 2024 and were signed by:





A L Burgess - Director


BURGESS STUDIO LIMITED (REGISTERED NUMBER: 07645340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Burgess Studio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BURGESS STUDIO LIMITED (REGISTERED NUMBER: 07645340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 361,705 145,294 506,999
Additions (57,253 ) 1,136 (56,117 )
Disposals - (285 ) (285 )
At 31st May 2024 304,452 146,145 450,597
DEPRECIATION
At 1st June 2023 - 107,219 107,219
Charge for year - 7,646 7,646
At 31st May 2024 - 114,865 114,865
NET BOOK VALUE
At 31st May 2024 304,452 31,280 335,732
At 31st May 2023 361,705 38,075 399,780

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/5/24 31/5/23
£    £   
No description 18,500 18,500
No description 11,700 -
30,200 18,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 190,688 332,859
Other debtors 264,544 472,098
455,232 804,957

BURGESS STUDIO LIMITED (REGISTERED NUMBER: 07645340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 1,347 33,935
Taxation and social security 255,319 150,743
Other creditors 231,088 649,303
487,754 833,981

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st May 2024 and the period ended 31st May 2023:

31/5/24 31/5/23
£    £   
A L Burgess
Balance outstanding at start of year 1,436 (4,369 )
Amounts advanced 49,668 6,658
Amounts repaid (30,671 ) (853 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,433 1,436