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REGISTERED NUMBER: 07177938 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

The Baby Studio Limited

The Baby Studio Limited (Registered number: 07177938)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


The Baby Studio Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D A Walsh
Mrs T K Walsh





SECRETARY: Mrs T K Walsh





REGISTERED OFFICE: 3c Dreadnought Trading Estate
Bridport
Dorset
DT6 5BU





REGISTERED NUMBER: 07177938 (England and Wales)

The Baby Studio Limited (Registered number: 07177938)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 8,000 12,000
Tangible assets 5 38 958
8,038 12,958

CURRENT ASSETS
Stocks 30,548 37,439
Debtors 6 2,187 583
32,735 38,022
CREDITORS
Amounts falling due within one year 7 (65,250 ) (70,561 )
NET CURRENT LIABILITIES (32,515 ) (32,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,477

)

(19,581

)

CREDITORS
Amounts falling due after more than one
year

8

(13,588

)

(16,464

)
NET LIABILITIES (38,065 ) (36,045 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (38,067 ) (36,047 )
SHAREHOLDERS' FUNDS (38,065 ) (36,045 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:



Mr D A Walsh - Director


The Baby Studio Limited (Registered number: 07177938)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Baby Studio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life;

Plant & machinery - 33% straight line

Fixtures & fittings - 33% straight line

Computer equipment - 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company currently meets its daily working capital requirements through operating revenues and financial support from Investors.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

The Baby Studio Limited (Registered number: 07177938)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 28,000
Charge for year 4,000
At 31 March 2024 32,000
NET BOOK VALUE
At 31 March 2024 8,000
At 31 March 2023 12,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 8,872
DEPRECIATION
At 1 April 2023 7,914
Charge for year 920
At 31 March 2024 8,834
NET BOOK VALUE
At 31 March 2024 38
At 31 March 2023 958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,187 583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,648 26,309
Taxation and social security (20 ) -
Other creditors 45,622 44,252
65,250 70,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,588 16,464