Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13159965 2023-02-01 2024-01-31 13159965 2022-02-01 2023-01-31 13159965 2024-01-31 13159965 2023-01-31 13159965 c:Director1 2023-02-01 2024-01-31 13159965 d:ComputerEquipment 2023-02-01 2024-01-31 13159965 d:ComputerEquipment 2024-01-31 13159965 d:ComputerEquipment 2023-01-31 13159965 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13159965 d:CurrentFinancialInstruments 2024-01-31 13159965 d:CurrentFinancialInstruments 2023-01-31 13159965 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13159965 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13159965 d:ShareCapital 2024-01-31 13159965 d:ShareCapital 2023-01-31 13159965 d:RetainedEarningsAccumulatedLosses 2024-01-31 13159965 d:RetainedEarningsAccumulatedLosses 2023-01-31 13159965 c:FRS102 2023-02-01 2024-01-31 13159965 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13159965 c:FullAccounts 2023-02-01 2024-01-31 13159965 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13159965 2 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13159965









DAN BRITT STUDIO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
DAN BRITT STUDIO LTD
REGISTERED NUMBER: 13159965

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
377
1,360

  
377
1,360

Current assets
  

Debtors: amounts falling due within one year
 5 
3,221
74,150

Cash at bank and in hand
 6 
37,195
7,695

  
40,416
81,845

Creditors: amounts falling due within one year
 7 
(39,842)
(45,022)

Net current assets
  
 
 
574
 
 
36,823

Total assets less current liabilities
  
951
38,183

  

Net assets
  
951
38,183


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
950
38,182

  
951
38,183


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.


 
Page 1

 
DAN BRITT STUDIO LTD
REGISTERED NUMBER: 13159965
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.




D Britt
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DAN BRITT STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Dan Britt Studio Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Turnover comprises fees in respect production services and is recognised in the statement of income and retained earnings in the period it is contractually due and expended on production and other costs. Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the balance sheet until further costs are incurred or profits anticipated. At this point the deferred income is released to the statement of income and retained earnings.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DAN BRITT STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.10

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.

Page 4

 
DAN BRITT STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 February 2023
3,447


Additions
249



At 31 January 2024

3,696



Depreciation


At 1 February 2023
2,087


Charge for the year on owned assets
1,232



At 31 January 2024

3,319



Net book value



At 31 January 2024
377



At 31 January 2023
1,360

Page 5

 
DAN BRITT STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
15,415

Other debtors
1,219
19,331

Tax recoverable
2,002
39,404

3,221
74,150



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
37,195
7,695

37,195
7,695



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
16,000

Accruals and deferred income
39,842
29,022

39,842
45,022


 
Page 6