MUON STUDIOS LIMITED

Company Registration Number:
10274565 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

MUON STUDIOS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes

MUON STUDIOS LIMITED

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,278 1,461
Total fixed assets: 1,278 1,461
Current assets
Debtors: 4 481
Cash at bank and in hand: 1,509 6,835
Total current assets: 1,990 6,835
Creditors: amounts falling due within one year: 5 ( 986 ) ( 2,080 )
Net current assets (liabilities): 1,004 4,755
Total assets less current liabilities: 2,282 6,216
Total net assets (liabilities): 2,282 6,216
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,281 6,215
Total Shareholders' funds: 2,282 6,216

The notes form part of these financial statements

MUON STUDIOS LIMITED

Balance sheet statements

For the year ending 31 July 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 October 2024
and signed on behalf of the board by:

Name: P. Rayment
Status: Director

The notes form part of these financial statements

MUON STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and equipment - over 10 years.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

MUON STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

MUON STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 1,827 1,827
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 1,827 1,827
Depreciation
At 1 August 2023 366 366
Charge for year 183 183
On disposals
Other adjustments
At 31 July 2024 549 549
Net book value
At 31 July 2024 1,278 1,278
At 31 July 2023 1,461 1,461

MUON STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Other debtors 481
Total 481

MUON STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 881
Other creditors 986 1,199
Total 986 2,080