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Registered Number: 11941396
England and Wales

 

 

 

WE MAKE STUDIO LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Directors C A J Collins
P Collins
T J Collins
Registered Number 11941396
Registered Office 12a Fanton Hall
Wickford
Essex
SS12 9JF
1
Director's report and financial statements
The directors present their annual report and the financial statements for the period ended 30 April 2024.
Directors
The directors who served the company throughout the year were as follows:
C A J Collins
P Collins
T J Collins
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board and signed on its behalf by:


----------------------------------
P Collins
Director

Date approved: 29 January 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 13,025    21,633 
13,025    21,633 
Current assets      
Debtors 4 459,206    189,594 
Cash at bank and in hand 48,985    76,358 
508,191    265,952 
Creditors: amount falling due within one year 5 (492,657)   (253,644)
Net current assets 15,534    12,308 
 
Total assets less current liabilities 28,559    33,941 
Creditors: amount falling due after more than one year 6 (28,241)   (33,796)
Net assets 318    145 
 

Capital and reserves
     
Called up share capital 4    4 
Profit and loss account 314    141 
Shareholders' funds 318    145 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 January 2025 and were signed on its behalf by:


-------------------------------
P Collins
Director
3
General Information
We Make Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 11941396, registration address 12a Fanton Hall, Wickford, Essex, SS12 9JF.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 33% Straight Line
Fixtures and Fittings 33% Straight Line
Computer Equipment 33% Straight Line
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.

Employee numbers


Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 May 2023 402    30,481    27,418    58,301 
Additions   1,534    4,828    6,362 
Disposals      
At 30 April 2024 402    32,015    32,246    64,663 
Depreciation
At 01 May 2023 402    24,093    12,173    36,668 
Charge for year   4,221    10,749    14,970 
On disposals      
At 30 April 2024 402    28,314    22,922    51,638 
Net book values
Closing balance as at 30 April 2024   3,701    9,324    13,025 
Opening balance as at 01 May 2023   6,388    15,245    21,633 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 442,636    149,532 
Other Debtors 16,570    1,902 
Directors' Current Accounts   15,376 
VAT   22,784 
459,206    189,594 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 154,800    154,190 
Bank Loans & Overdrafts 11,014    25,556 
Corporation Tax 104,975    71,663 
PAYE & Social Security 35    35 
Accrued Expenses 5,700    2,200 
Advance Paid 90,000   
Other Creditors 20,000   
VAT 106,133   
492,657    253,644 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 28,241    33,796 
28,241    33,796 

7.

Advances and Credits



P Collins


T Collins


C Collins


Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
P Collins3,626 3,626 
T Collins3,625 3,625 
C Collins3,625 3,625 
108760010876000
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
P Collins11,626 8,000 3,626 
T Collins11,625 8,000 3,625 
C Collins11,625 8,000 3,625 
3487600240000010876
4