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REGISTERED NUMBER: 07839029 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STUDIO ARC LIMITED

STUDIO ARC LIMITED (REGISTERED NUMBER: 07839029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUDIO ARC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr R J Walton
Mr J S Duncan





REGISTERED OFFICE: The Thatched Cottage
Chapel Porth
St Agnes
Truro
Cornwall
TR5 0NR





REGISTERED NUMBER: 07839029 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

STUDIO ARC LIMITED (REGISTERED NUMBER: 07839029)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 456 378

CURRENT ASSETS
Debtors 6 50,745 57,418
Cash at bank 19,944 43,181
70,689 100,599
CREDITORS
Amounts falling due within one year 7 48,327 73,012
NET CURRENT ASSETS 22,362 27,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,818

27,965

PROVISIONS FOR LIABILITIES 88 95
NET ASSETS 22,730 27,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,630 27,770
SHAREHOLDERS' FUNDS 22,730 27,870

STUDIO ARC LIMITED (REGISTERED NUMBER: 07839029)

BALANCE SHEET - continued
30 APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year 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.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr R J Walton - Director


STUDIO ARC LIMITED (REGISTERED NUMBER: 07839029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Studio ARC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue is recognised to turnover with reference to the stage of completion of the projects undertaken by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

STUDIO ARC LIMITED (REGISTERED NUMBER: 07839029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 7,989
Additions 683
At 30 April 2024 8,672
DEPRECIATION
At 1 May 2023 7,611
Charge for year 605
At 30 April 2024 8,216
NET BOOK VALUE
At 30 April 2024 456
At 30 April 2023 378

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,432 24,094
Amounts recoverable on contracts 40,000 25,000
Other debtors 5,313 8,324
50,745 57,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,169 871
Taxation and social security 11,220 23,626
Other creditors 35,938 48,515
48,327 73,012

STUDIO ARC LIMITED (REGISTERED NUMBER: 07839029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr J S Duncan
Balance outstanding at start of year - -
Amounts advanced 198 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 198 -

9. RELATED PARTY DISCLOSURES

At 30 April 2024, the company owed a Director £31,214, having owed the Director £29,147 at 30 April 2023.

At 30 April 2023, the company owed a Director £5,105. At 30 April 2024, the Director owed the company £198.

The loans by the Director to the company were free of interest, and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Walton.