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Registered number: 13568874
Studio Meraki Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 13568874
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,430 27,937
20,430 27,937
CURRENT ASSETS
Debtors 36,480 15,413
Cash at bank and in hand 25,915 27,833
62,395 43,246
Creditors: Amounts Falling Due Within One Year (70,607 ) (69,470 )
NET CURRENT ASSETS (LIABILITIES) (8,212 ) (26,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,218 1,713
NET ASSETS 12,218 1,713
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 12,118 1,613
SHAREHOLDERS' FUNDS 12,218 1,713
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Irene Lentsch
Director
18/10/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Studio Meraki Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13568874 . The registered office is 15 The I O Centre, Hearle Way, Hatfield, Hertfordshire, AL10 9EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25% Staright Line
Computer Equipment 33.33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Total
£
Cost
As at 1 September 2023 37,250
Additions 2,708
As at 31 August 2024 39,958
Depreciation
As at 1 September 2023 9,313
Provided during the period 10,215
As at 31 August 2024 19,528
Net Book Value
As at 31 August 2024 20,430
As at 1 September 2023 27,937
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3