Company Registration No. 10508028 (England and Wales)
TMD STUDIO LTD
Unaudited accounts
for the year ended 31 December 2024
TMD STUDIO LTD
Unaudited accounts
Contents
TMD STUDIO LTD
Company Information
for the year ended 31 December 2024
Secretary
Gina Caceres-Jimenez
Company Number
10508028 (England and Wales)
Registered Office
FLAT 1001, WILLIS HOUSE
14 RENNIE STREET
GREENWICH
LONDON
SE10 0QP
UNITED KINGDOM
Accountants
Gina Caceres-Jimenez
LONSDALE FINANCIAL LTD
FIRST FLOOR, 10 FAIRFIELD TERRACE
PELAW
GATESHEAD
Tyne and Wear
NE10 0QR
TMD STUDIO LTD
Accountants' report
Accountants' report to the director of TMD STUDIO LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TMD STUDIO LTD for the year ended
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TMD STUDIO LTD, as a body, in accordance with the terms of our engagement letter dated 9 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of TMD STUDIO LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TMD STUDIO LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TMD STUDIO LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TMD STUDIO LTD. You consider that TMD STUDIO LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TMD STUDIO LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gina Caceres-Jimenez
LONSDALE FINANCIAL LTD
FIRST FLOOR, 10 FAIRFIELD TERRACE
PELAW
GATESHEAD
Tyne and Wear
NE10 0QR
9 January 2025
TMD STUDIO LTD
Statement of financial position
as at 31 December 2024
Tangible assets
15,499
9,961
Cash at bank and in hand
4,462
7,643
Creditors: amounts falling due within one year
(35,298)
(25,825)
Net current liabilities
(23,334)
(9,861)
Net (liabilities)/assets
(7,835)
100
Called up share capital
1
1
Profit and loss account
(7,836)
99
Shareholders' funds
(7,835)
100
For the year ending 31 December 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 his 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 10 January 2025 and were signed on its behalf by
Ondrej Chudy
Director
Company Registration No. 10508028
TMD STUDIO LTD
Notes to the Accounts
for the year ended 31 December 2024
TMD STUDIO LTD is a private company, limited by shares, registered in England and Wales, registration number 10508028. The registered office is FLAT 1001, WILLIS HOUSE, 14 RENNIE STREET, GREENWICH, LONDON, SE10 0QP, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
10% straight line depreciation method
Fixtures & fittings
10% straight line depreciation method
Computer equipment
10% straight line depreciation method
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.
Deferred tax used reconcile tax due between that of ordinary activities and that actually due resulting from changes arising from disallowed expenses such as depreciation and entertaining and Capital Allowance claims
TMD STUDIO LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
416
3,112
8,257
11,785
Additions
-
434
7,028
7,462
At 31 December 2024
416
3,546
15,285
19,247
At 1 January 2024
42
476
1,306
1,824
Charge for the year
42
354
1,528
1,924
At 31 December 2024
84
830
2,834
3,748
At 31 December 2024
332
2,716
12,451
15,499
At 31 December 2023
374
2,636
6,951
9,961
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,586
4,747
Taxes and social security
(934)
1,537
Loans from directors
32,986
19,051
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).