Registered number
13702081
Red Dot Studio Ltd
Filleted Accounts
31 March 2024
Red Dot Studio Ltd
Registered number: 13702081
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,800 2,550
Current assets
Debtors 4 154,883 56,156
Cash at bank and in hand 42,258 66,334
197,141 122,490
Creditors: amounts falling due within one year 5 (60,047) (80,724)
Net current assets 137,094 41,766
Net assets 138,894 44,316
Capital and reserves
Called up share capital 2 2
Profit and loss account 138,892 44,314
Shareholders' funds 138,894 44,316
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.
S Lachlan C Eager
Director
Approved by the board on 2 December 2024
Red Dot Studio Ltd
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 design contract.
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:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price)
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 not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is not relevant this year.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 6 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 3,400
At 31 March 2024 3,400
Depreciation
At 1 April 2023 850
Charge for the year 750
At 31 March 2024 1,600
Net book value
At 31 March 2024 1,800
At 31 March 2023 2,550
4 Debtors 2024 2023
£ £
Trade debtors 146,942 51,814
Other debtors 7,941 4,342
154,883 56,156
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,441 10,143
Taxation and social security costs 56,289 41,636
Other creditors 1,317 28,945
60,047 80,724
6 Other information
Red Dot Studio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8
Foundry Mews
Barnes
London SW13 9HL
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