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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
Page
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TMD STUDIO LTD Company Information for the year ended 31 December 2024
Director
Ondrej Chudy
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
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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
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TMD STUDIO LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,499 
9,961 
Current assets
Debtors
7,502 
8,321 
Cash at bank and in hand
4,462 
7,643 
11,964 
15,964 
Creditors: amounts falling due within one year
(35,298)
(25,825)
Net current liabilities
(23,334)
(9,861)
Net (liabilities)/assets
(7,835)
100 
Capital and reserves
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
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TMD STUDIO LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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:
Plant & machinery
10% straight line depreciation method
Fixtures & fittings
10% straight line depreciation method
Computer equipment
10% straight line depreciation method
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. 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
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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 
Depreciation
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 
Net book value
At 31 December 2024
332 
2,716 
12,451 
15,499 
At 31 December 2023
374 
2,636 
6,951 
9,961 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
382 
802 
Trade debtors
6,938 
- 
Deferred tax asset
399 
Other debtors
182 
- 
7,502 
1,201 
Amounts falling due after more than one year
Trade debtors
- 
6,938 
Other debtors
- 
182 
- 
7,120 
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 
Accruals
660 
490 
35,298 
25,825 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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