Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 March 2023 false 1 January 2024 31 December 2024 31 December 2024 09875809 Mr Craig Guinan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09875809 2023-12-31 09875809 2024-12-31 09875809 2024-01-01 2024-12-31 09875809 frs-core:CurrentFinancialInstruments 2024-12-31 09875809 frs-core:Non-currentFinancialInstruments 2024-12-31 09875809 frs-core:ComputerEquipment 2024-12-31 09875809 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09875809 frs-core:ComputerEquipment 2023-12-31 09875809 frs-core:PlantMachinery 2024-12-31 09875809 frs-core:PlantMachinery 2024-01-01 2024-12-31 09875809 frs-core:PlantMachinery 2023-12-31 09875809 frs-core:ShareCapital 2024-12-31 09875809 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09875809 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09875809 frs-bus:SmallEntities 2024-01-01 2024-12-31 09875809 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09875809 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09875809 frs-bus:Director1 2024-01-01 2024-12-31 09875809 frs-countries:EnglandWales 2024-01-01 2024-12-31 09875809 2023-02-28 09875809 2023-12-31 09875809 2023-03-01 2023-12-31 09875809 frs-core:CurrentFinancialInstruments 2023-12-31 09875809 frs-core:Non-currentFinancialInstruments 2023-12-31 09875809 frs-core:ShareCapital 2023-12-31
Registered number: 09875809
Studio 8 Creative Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
FMA Accountants
Chartered Certified Accountants
C/O FMA Online Ltd
Building 3 Chiswick Business Park
566 Chiswick High Road
Chiswick
W4 5YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09875809
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,808 2,507
8,808 2,507
CURRENT ASSETS
Debtors 5 28,196 3,824
Cash at bank and in hand 8,201 24,230
36,397 28,054
Creditors: Amounts Falling Due Within One Year 6 (30,105 ) (5,458 )
NET CURRENT ASSETS (LIABILITIES) 6,292 22,596
TOTAL ASSETS LESS CURRENT LIABILITIES 15,100 25,103
Creditors: Amounts Falling Due After More Than One Year 7 (15,000 ) (25,003 )
NET ASSETS 100 100
CAPITAL AND RESERVES
Called up share capital 8 100 100
SHAREHOLDERS' FUNDS 100 100
Page 1
Page 2
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 member has 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.
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.
On behalf of the board
Mr Craig Guinan
Director
16/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Studio 8 Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09875809 . The registered office is C/O FMA Online Ltd, Building 3 Chiswick Business Park, 566 Chiswick High Road, Chiswick, W4 5YA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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% Straight Line
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 628 10,466 11,094
Additions 8,000 - 8,000
Disposals (628 ) (7,805 ) (8,433 )
As at 31 December 2024 8,000 2,661 10,661
Depreciation
As at 1 January 2024 589 7,998 8,587
Provided during the period 372 1,327 1,699
Disposals (628 ) (7,805 ) (8,433 )
As at 31 December 2024 333 1,520 1,853
Net Book Value
As at 31 December 2024 7,667 1,141 8,808
As at 1 January 2024 39 2,468 2,507
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 100 100
Director's loan account 28,096 3,724
28,196 3,824
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Corporation tax 27,202 5,458
VAT 2,903 -
30,105 5,458
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 15,000 25,003
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5