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
Meraki Studio Ltd.
Company Information
for the year ended 29 February 2024
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
Meraki Studio Ltd.
Statement of financial position
as at 29 February 2024
Tangible assets
3,129
4,904
Cash at bank and in hand
7,269
14,847
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
Called up share capital
2
2
Profit and loss account
15
78
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
Meraki Studio Ltd.
Notes to the Accounts
for the year ended 29 February 2024
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.
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 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.
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.
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.
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
At 29 February 2024
6,911
5,305
12,216
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
At 29 February 2024
1,190
1,939
3,129
At 28 February 2023
2,168
2,736
4,904
Amounts falling due within one year
Accrued income and prepayments
325
1,208
Other debtors
14,225
17,737
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,098
6,480
Taxes and social security
4,498
6,122
Loans from directors
(23,119)
(10,332)
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Meraki Studio Ltd.
Notes to the Accounts
for the year ended 29 February 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
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).