LITTLE THIEF STUDIO LTD

Company Registration Number:
11458218 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

LITTLE THIEF STUDIO LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

LITTLE THIEF STUDIO LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Called up share capital not paid: 1 1
Fixed assets
Tangible assets: 3 23,495 9,964
Total fixed assets: 23,495 9,964
Current assets
Debtors:     10,078
Cash at bank and in hand: 598,656 490,624
Total current assets: 598,656 500,702
Creditors: amounts falling due within one year: 5 (162,880) (192,249)
Net current assets (liabilities): 435,776 308,453
Total assets less current liabilities: 459,272 318,418
Total net assets (liabilities): 459,272 318,418
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 459,271 318,417
Shareholders funds: 459,272 318,418

The notes form part of these financial statements

LITTLE THIEF STUDIO LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 January 2025
and signed on behalf of the board by:

Name: Craig Bruce Stallard
Status: Director

The notes form part of these financial statements

LITTLE THIEF STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of valuation of an asset, less its residual value, over the useful economic life of the asset as follows: Fittings, fixtures and equipment - 25% Straight line. If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

LITTLE THIEF STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 12 8

LITTLE THIEF STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 12,617
Additions 19,661
At 31 July 2024 32,278
Depreciation
At 01 August 2023 2,653
Charge for year 6,130
At 31 July 2024 8,783
Net book value
At 31 July 2024 23,495
At 31 July 2023 9,964

LITTLE THIEF STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2023
£
Debtors due after more than one year: 10,078

LITTLE THIEF STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

Creditors are mainly Taxation and social security £95746 and other creditors £67133