Registered number
04537523
Studio B Events Ltd
Report and Accounts
30 November 2024
Studio B Events Ltd
Company Information
Directors
T Townsend
H Perfeniuk
K Townsend
Secretary
T Townsend
Accountants
Holmes & Co Ltd
10 Torrington Road
Claygate
Esher
Surrey
KT10 0SA
Bankers
Santander UK Plc
Business Banking
301 St Vincent Street
Glasgow
G2 5NT
Registered office
42 Eastmont Road
Esher
Surrey
KT10 9AZ
Registered number
04537523
Studio B Events Ltd
Registered number: 04537523
Directors' Report
The directors present their report and accounts for the year ended 30 November 2024.
Principal activities
The company's principal activity during the year continued to be as conference organisers, including events management, venue and speaker sourcing, script and video creation.
Directors
The following persons served as directors during the year:
T Townsend
H Perfeniuk
K Townsend
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 14 January 2025 and signed on its behalf.
T Townsend
Director
Studio B Events Ltd
Accountants' Report
Accountants' report to the directors of
Studio B Events Ltd
You consider that the company is exempt from an audit for the year ended 30 November 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Holmes & Co Ltd
Chartered Accountants
10 Torrington Road
Claygate
Esher
Surrey
KT10 0SA
14 January 2025
Studio B Events Ltd
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 29,485 25,023
Cost of sales (5,725) (5,046)
Gross Profit 23,760 19,977
Administrative expenses (7,859) (15,077)
Operating profit 15,901 4,900
Interest receivable 133 -
Profit before taxation 16,034 4,900
Tax on profit (3,104) (1,003)
Profit for the financial year 12,930 3,897
Studio B Events Ltd
Registered number: 04537523
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,208 1,510
Current assets
Debtors 5 630 2,364
Cash at bank and in hand 26,242 12,460
26,872 14,824
Creditors: amounts falling due within one year 6 (5,259) (6,443)
Net current assets 21,613 8,381
Net assets 22,821 9,891
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,721 9,791
Shareholders' funds 22,821 9,891
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.
T Townsend
Director
Approved by the board on 14 January 2025
Studio B Events Ltd
Notes to the Accounts
for the year ended 30 November 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.
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:
Office equipment over 5 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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Taxation 2024 2023
£ £
Corporation tax at 19% 3,104 1,003
4 Tangible fixed assets
Office equipment
£
Cost
At 1 December 2023 5,661
At 30 November 2024 5,661
Depreciation
At 1 December 2023 4,151
Charge for the year 302
At 30 November 2024 4,453
Net book value
At 30 November 2024 1,208
At 30 November 2023 1,510
5 Debtors 2024 2023
£ £
Trade debtors 630 2,364
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7 3,154
Corporation tax 2,223 1,078
Director's current account 1,115 488
Other taxes and social security 1,024 833
Other creditors 890 890
5,259 6,443
Controlling party
7
T Townsend has a controlling interest in the company by way of a majority shareholding.
8 Other information
Studio B Events Ltd is a private company limited by shares and incorporated in England. Its registered office is:
42 Eastmont Road
Esher
Surrey
KT10 9AZ
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