Company Registration No. 08542494 (England and Wales)
Katie Paterson Studio Ltd
Unaudited accounts
for the year ended 31 May 2024
Katie Paterson Studio Ltd
Unaudited accounts
Contents
Katie Paterson Studio Ltd
Company Information
for the year ended 31 May 2024
Director
Katie Michelle Paterson
Company Number
08542494 (England and Wales)
Registered Office
247 Church Street
London
N16 9HP
United Kingdom
Accountants
Wyatts Partnership Ltd
247 Church Street
London
N16 9HP
Katie Paterson Studio Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
334,771
318,336
Cash at bank and in hand
394,340
522,790
Creditors: amounts falling due within one year
(188,426)
(492,045)
Net current assets
208,789
108,524
Net assets
543,560
426,860
Called up share capital
100
100
Profit and loss account
543,460
426,760
Shareholders' funds
543,560
426,860
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Katie Michelle Paterson
Director
Company Registration No. 08542494
Katie Paterson Studio Ltd
Notes to the Accounts
for the year ended 31 May 2024
Katie Paterson Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 08542494. The registered office is 247 Church Street, London, N16 9HP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
370,369
7,057
7,900
385,326
Additions
13,178
1,810
5,181
20,169
At 31 May 2024
383,547
8,867
13,081
405,495
At 1 June 2023
56,242
4,224
6,524
66,990
Charge for the year
-
1,827
1,907
3,734
At 31 May 2024
56,242
6,051
8,431
70,724
At 31 May 2024
327,305
2,816
4,650
334,771
At 31 May 2023
314,127
2,833
1,376
318,336
Katie Paterson Studio Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9,417
25,240
Other creditors
16,280
10,000
Loans from directors
54,092
158,503
Deferred income
106,637
243,729
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 3 (2023: 1).