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Company Registration No. 10026587 (England and Wales)
Sella C Studio Limited Unaudited accounts for the year ended 29 February 2024
Sella C Studio Limited Unaudited accounts Contents
Page
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Sella C Studio Limited Company Information for the year ended 29 February 2024
Director
Tatjana Von Stein
Company Number
10026587 (England and Wales)
Registered Office
Cloudesley House 16b Cloudesley Street London London N1 0HU England
Accountants
Addition Financial Limited Addition at 1 Lyric Square Hammersmith London W6 0NB
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Sella C Studio Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,048 
8,246 
Current assets
Inventories
- 
25,410 
Debtors
321,354 
160,477 
Cash at bank and in hand
7,797 
239,292 
329,151 
425,179 
Creditors: amounts falling due within one year
(191,464)
(170,958)
Net current assets
137,687 
254,221 
Total assets less current liabilities
208,735 
262,467 
Creditors: amounts falling due after more than one year
(301,312)
(118,966)
Provisions for liabilities
Deferred tax
(6,777)
(1,567)
Other provisions
- 
(58,172)
(6,777)
(59,739)
Net (liabilities)/assets
(99,354)
83,762 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(99,364)
83,752 
Shareholders' funds
(99,354)
83,762 
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
Tatjana Von Stein Director Company Registration No. 10026587
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Sella C Studio Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sella C Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 10026587. The registered office is Cloudesley House, 16b Cloudesley Street, London, London, N1 0HU, England.
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:
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Sella C Studio Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
- 
- 
2,444 
14,331 
16,775 
Additions
27,974 
46,335 
3,664 
3,272 
81,245 
At 29 February 2024
27,974 
46,335 
6,108 
17,603 
98,020 
Depreciation
At 1 March 2023
- 
- 
2,033 
6,496 
8,529 
Charge for the year
4,394 
7,723 
652 
5,263 
18,032 
On disposals
- 
- 
411 
- 
411 
At 29 February 2024
4,394 
7,723 
3,096 
11,759 
26,972 
Net book value
At 29 February 2024
23,580 
38,612 
3,012 
5,844 
71,048 
At 28 February 2023
- 
- 
411 
7,835 
8,246 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
24,638 
Trade debtors
165,000 
105,295 
Accrued income and prepayments
2,545 
17,136 
Other debtors
13,146 
13,408 
180,691 
160,477 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
131,288 
- 
Other debtors
9,375 
- 
140,663 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
43,216 
10,000 
VAT
24,179 
- 
Trade creditors
39,724 
107,234 
Taxes and social security
4,328 
3,461 
Other creditors
5,017 
1,397 
Accruals
- 
33,960 
Deferred income
75,000 
14,906 
191,464 
170,958 
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Sella C Studio Limited Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,500 
22,500 
Obligations under finance leases and hire purchase contracts
32,346 
- 
Amounts owed to group undertakings and other participating interests
246,466 
96,466 
301,312 
118,966 
8
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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