Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-03-01falseNo description of principal activity13true 08912601 2023-03-01 2024-02-29 08912601 2022-03-01 2023-02-28 08912601 2024-02-29 08912601 2023-02-28 08912601 c:Director1 2023-03-01 2024-02-29 08912601 d:FurnitureFittings 2023-03-01 2024-02-29 08912601 d:FurnitureFittings 2024-02-29 08912601 d:FurnitureFittings 2023-02-28 08912601 d:ComputerEquipment 2023-03-01 2024-02-29 08912601 d:ComputerEquipment 2024-02-29 08912601 d:ComputerEquipment 2023-02-28 08912601 d:CurrentFinancialInstruments 2024-02-29 08912601 d:CurrentFinancialInstruments 2023-02-28 08912601 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08912601 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08912601 d:ShareCapital 2024-02-29 08912601 d:ShareCapital 2023-02-28 08912601 d:RetainedEarningsAccumulatedLosses 2024-02-29 08912601 d:RetainedEarningsAccumulatedLosses 2023-02-28 08912601 c:FRS102 2023-03-01 2024-02-29 08912601 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08912601 c:FullAccounts 2023-03-01 2024-02-29 08912601 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08912601 2 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 08912601









STUDIO SUSS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
STUDIO SUSS LIMITED
REGISTERED NUMBER: 08912601

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
396
5,851

Cash at bank and in hand
 6 
11,966
14,803

  
12,362
20,654

Creditors: amounts falling due within one year
 7 
(91,768)
(67,440)

Net current liabilities
  
 
 
(79,406)
 
 
(46,786)

Total assets less current liabilities
  
(79,406)
(46,786)

  

Net liabilities
  
(79,406)
(46,786)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(79,407)
(46,787)

  
(79,406)
(46,786)


Page 1

 
STUDIO SUSS LIMITED
REGISTERED NUMBER: 08912601
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 her 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Suss
Director

Date: 3 February 2025

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

Page 2

 
STUDIO SUSS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Studio Suss Limited is a private company limited by shares. The Company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered company number is 08912601. 

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

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

Page 3

 
STUDIO SUSS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

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:

Fixtures and fittings
-
25%
straight line
Computer equipment
-
25%
straight line

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
STUDIO SUSS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).


4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
24,695
11,390
36,085



At 29 February 2024

24,695
11,390
36,085



Depreciation


At 1 March 2023
24,695
11,390
36,085



At 29 February 2024

24,695
11,390
36,085



Net book value



At 29 February 2024
-
-
-



At 28 February 2023
-
-
-

Page 5

 
STUDIO SUSS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
168
4,501

Other debtors
228
1,350

396
5,851



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
11,966
14,803

11,966
14,803



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
300
720

Other taxation and social security
330
1,926

Other creditors
88,138
60,422

Accruals and deferred income
3,000
4,372

91,768
67,440



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £995 (2023: £1,446)

 
Page 6