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Company Registration No. 11846334 (England and Wales)
Meraki Studio Ltd. Unaudited accounts for the year ended 29 February 2024
Meraki Studio Ltd. Unaudited accounts Contents
Page
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Meraki Studio Ltd. Company Information for the year ended 29 February 2024
Director
Anita Morina
Company Number
11846334 (England and Wales)
Registered Office
11 Devonshire Road London W4 2EU Untied Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Meraki Studio Ltd. Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,129 
4,904 
Current assets
Debtors
15,000 
18,945 
Cash at bank and in hand
7,269 
14,847 
22,269 
33,792 
Creditors: amounts falling due within one year
(16,416)
(23,215)
Net current assets
5,853 
10,577 
Total assets less current liabilities
8,982 
15,481 
Creditors: amounts falling due after more than one year
(8,371)
(14,469)
Provisions for liabilities
Deferred tax
(594)
(932)
Net assets
17 
80 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
15 
78 
Shareholders' funds
17 
80 
For the year ending 29 February 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 10 October 2024 and were signed on its behalf by
Anita Morina Director Company Registration No. 11846334
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Meraki Studio Ltd. Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Meraki Studio Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11846334. The registered office is 11, Devonshire Road, London, W4 2EU, Untied 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
Straight Line 4 years
Other tangible fixed assets
In equal instalments over the length of the lease
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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Meraki Studio Ltd. Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
6,689 
5,305 
11,994 
Additions
222 
- 
222 
At 29 February 2024
6,911 
5,305 
12,216 
Depreciation
At 1 March 2023
4,521 
2,569 
7,090 
Charge for the year
1,200 
797 
1,997 
At 29 February 2024
5,721 
3,366 
9,087 
Net book value
At 29 February 2024
1,190 
1,939 
3,129 
At 28 February 2023
2,168 
2,736 
4,904 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
325 
1,208 
Other debtors
14,225 
17,737 
14,550 
18,945 
Amounts falling due after more than one year
Other debtors
450 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,098 
6,480 
VAT
19,933 
12,245 
Trade creditors
1,114 
149 
Taxes and social security
4,498 
6,122 
Other creditors
865 
1,987 
Loans from directors
(23,119)
(10,332)
Accruals
7,027 
6,564 
16,416 
23,215 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,371 
14,469 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Meraki Studio Ltd. Notes to the Accounts for the year ended 29 February 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Anita Morina
Directors loan
10,332 
12,787 
- 
23,119 
10,332 
12,787 
- 
23,119 
Interest is charged on the directors loan at approved beneficial loan rates. The loan was repaid in part by dividends post year end.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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