Registered number
04294792
Dublanc Studio Limited
Filleted Accounts
31 March 2024
Dublanc Studio Limited
Registered number: 04294792
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 300
Tangible assets 4 311,884 23,838
311,884 24,138
Current assets
Debtors 5 391,234 423,627
Cash at bank and in hand 92,819 172,490
484,053 596,117
Creditors: amounts falling due within one year 6 (184,632) (72,159)
Net current assets 299,421 523,958
Net assets 611,305 548,096
Capital and reserves
Called up share capital 3 3
Profit and loss account 611,302 548,093
Shareholders' funds 611,305 548,096
-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Dublanc F Dublanc
Director
Approved by the board on 8 November 2024
Dublanc Studio Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% on reducing balance
Fixtures, fittings, tools and equipment 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 6,000
At 31 March 2024 6,000
Amortisation
At 1 April 2023 5,700
Provided during the year 300
At 31 March 2024 6,000
Net book value
At 31 March 2024 -
At 31 March 2023 300
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 - 110,339 110,339
Additions 293,392 817 294,209
At 31 March 2024 293,392 111,156 404,548
Depreciation
At 1 April 2023 - 86,501 86,501
Charge for the year - 6,163 6,163
At 31 March 2024 - 92,664 92,664
Net book value
At 31 March 2024 293,392 18,492 311,884
At 31 March 2023 - 23,838 23,838
5 Debtors 2024 2023
£ £
Trade debtors 78,456 114,852
Other debtors 312,778 308,775
391,234 423,627
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,240 4,353
Taxation and social security costs 63,020 42,342
Accrued expenses 2,640 2,520
Other creditors 117,732 22,944
184,632 72,159
7 Other information
Dublanc Studio Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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