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Company Registration No. 13915469 (England and Wales)
Studio Sasha Ltd Unaudited accounts for the year ended 31 March 2024
Studio Sasha Ltd Unaudited accounts Contents
Page
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Studio Sasha Ltd Company Information for the year ended 31 March 2024
Director
Sasha Joan Laverick
Company Number
13915469 (England and Wales)
Registered Office
Red House Main Street Fiskerton Southwell Nottinghamshire NG250UL United Kingdom
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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Studio Sasha Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,900 
- 
Current assets
Debtors
- 
15,000 
Cash at bank and in hand
65,266 
47,213 
65,266 
62,213 
Creditors: amounts falling due within one year
(17,327)
(26,633)
Net current assets
47,939 
35,580 
Total assets less current liabilities
63,839 
35,580 
Creditors: amounts falling due after more than one year
(36,889)
(36,889)
Provisions for liabilities
Deferred tax
(3,021)
- 
Net assets/(liabilities)
23,929 
(1,309)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,829 
(1,409)
Shareholders' funds
23,929 
(1,309)
For the year ending 31 March 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 26 August 2024 and were signed on its behalf by
Sasha Joan Laverick Director Company Registration No. 13915469
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Studio Sasha Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Studio Sasha Ltd is a private company, limited by shares, registered in England and Wales, registration number 13915469. The registered office is Red House, Main Street, Fiskerton, Southwell, Nottinghamshire, NG250UL, United 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.
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:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Studio Sasha Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
- 
- 
Additions
20,000 
1,200 
21,200 
At 31 March 2024
20,000 
1,200 
21,200 
Depreciation
Charge for the year
5,000 
300 
5,300 
At 31 March 2024
5,000 
300 
5,300 
Net book value
At 31 March 2024
15,000 
900 
15,900 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
15,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,011 
- 
Trade creditors
- 
18,000 
Taxes and social security
2,899 
6,003 
Loans from directors
10,937 
2,150 
Accruals
480 
480 
17,327 
26,633 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
36,889 
36,889 
A long term loan of some £36,889 is in place, to be repaid in line with positive cash flows.
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Studio Sasha Ltd Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,021 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
3,021 
- 
Provision at end of year
3,021 
- 
A deferred taxation reserve is in place due to accelerated capital allowances of some £3,021 This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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