Company Registration No. 09172213 (England and Wales)
Adam Wright Studio Limited
Unaudited accounts
for the year ended 31 August 2024
Adam Wright Studio Limited
Unaudited accounts
Contents
Adam Wright Studio Limited
Company Information
for the year ended 31 August 2024
Director
Adam Thomas Wright
Company Number
09172213 (England and Wales)
Registered Office
247 Church Street
London
N16 9HP
United Kingdom
Accountants
Wyatts Partnership Ltd
247 Church Street
London
N16 9HP
Adam Wright Studio Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
5,145
1,158
Creditors: amounts falling due within one year
(5,601)
(4,138)
Net current assets
2,725
9,534
Called up share capital
1
1
Profit and loss account
3,179
10,290
Shareholders' funds
3,180
10,291
For the year ending 31 August 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 his 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 15 October 2024 and were signed on its behalf by
Adam Thomas Wright
Director
Company Registration No. 09172213
Adam Wright Studio Limited
Notes to the Accounts
for the year ended 31 August 2024
Adam Wright Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 09172213. 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
400
1,538
1,938
At 31 August 2024
400
1,732
2,132
At 1 September 2023
200
981
1,181
Charge for the year
100
396
496
At 31 August 2024
300
1,377
1,677
At 31 August 2024
100
355
455
At 31 August 2023
200
557
757
Adam Wright Studio Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
3,181
12,514
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,367
2,296
Loans from directors
617
432
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The Company was under the control of Mr Adam Wright throughout the current and previous year. Mr A Wright is the managing director and majority shareholder.
No transactions were undertaken with related parties such as are required to be declared under the Financial Reporting Standards for Smaller Entities effective January 2015
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).