IRIS Accounts Production v24.3.2.46 SC767007 Board of Directors Board of Directors 24.4.23 30.4.24 30.4.24 false true false false true false 20 11332 11312 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7670072023-04-23SC7670072024-04-30SC7670072023-04-242024-04-30SC7670072023-04-23SC767007ns15:Scotland2023-04-242024-04-30SC767007ns14:PoundSterling2023-04-242024-04-30SC767007ns10:Director12023-04-242024-04-30SC767007ns10:Director22023-04-242024-04-30SC767007ns10:PrivateLimitedCompanyLtd2023-04-242024-04-30SC767007ns10:SmallEntities2023-04-242024-04-30SC767007ns10:AuditExempt-NoAccountantsReport2023-04-242024-04-30SC767007ns10:SmallCompaniesRegimeForDirectorsReport2023-04-242024-04-30SC767007ns10:SmallCompaniesRegimeForAccounts2023-04-242024-04-30SC767007ns10:AbridgedAccounts2023-04-242024-04-30SC767007ns10:Director2422023-04-242024-04-30SC767007ns10:Director2422024-04-30SC767007ns10:RegisteredOffice2023-04-242024-04-30SC767007ns5:CurrentFinancialInstruments2024-04-30SC767007ns5:ShareCapital2024-04-30SC767007ns5:RetainedEarningsAccumulatedLosses2024-04-30SC767007ns5:PlantMachinery2023-04-242024-04-30SC767007ns5:ComputerEquipment2023-04-242024-04-30SC7670071ns10:Director12023-04-23SC7670071ns10:Director12023-04-242024-04-30SC7670071ns10:Director12024-04-30
REGISTERED NUMBER: SC767007 (Scotland)















Financial Statements for the Period 24 April 2023 to 30 April 2024

for

Inkhut Studios Ltd

Inkhut Studios Ltd (Registered number: SC767007)






Contents of the Financial Statements
for the Period 24 April 2023 to 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Inkhut Studios Ltd

Company Information
for the Period 24 April 2023 to 30 April 2024







DIRECTORS: K Harila
Mrs L E Donaldson-Harila





REGISTERED OFFICE: 142 Walker Crescent
Culloden
Inverness
IV2 7NB





REGISTERED NUMBER: SC767007 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Inkhut Studios Ltd (Registered number: SC767007)

Abridged Balance Sheet
30 April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,089

CURRENT ASSETS
Stocks 4,200
Debtors 1,672
Cash at bank 21,601
27,473
CREDITORS
Amounts falling due within one year 18,434
NET CURRENT ASSETS 9,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,128

CAPITAL AND RESERVES
Called up share capital 20
Retained earnings 10,108
SHAREHOLDERS' FUNDS 10,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Inkhut Studios Ltd (Registered number: SC767007)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:




K Harila - Director



Mrs L E Donaldson-Harila - Director


Inkhut Studios Ltd (Registered number: SC767007)

Notes to the Financial Statements
for the Period 24 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

Inkhut Studios Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 20% on reducing balance
Computer Equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Inkhut Studios Ltd (Registered number: SC767007)

Notes to the Financial Statements - continued
for the Period 24 April 2023 to 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,589
At 30 April 2024 1,589
DEPRECIATION
Charge for period 500
At 30 April 2024 500
NET BOOK VALUE
At 30 April 2024 1,089

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2024:

£   
K Harila and Mrs L E Donaldson-Harila
Balance outstanding at start of period -
Amounts advanced 20
Amounts repaid (11,332 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (11,312 )