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Registration number: 11157274

Echo Zoo Studios Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Echo Zoo Studios Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 13

 

Echo Zoo Studios Ltd

Company Information

Director

Mr David Lynch

Registered office

65 Victoria Road
Polegate
East Sussex
BN26 6BY

Accountants

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

 

Echo Zoo Studios Ltd

Director's Report for the Year Ended 31 January 2024

The director presents his report and the financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Mr David Lynch

Principal activity

The principal activity of the company is Recording Music

Going concern

No going concern issues

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 December 2024
 

.........................................
Mr David Lynch
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Echo Zoo Studios Ltd
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Echo Zoo Studios Ltd for the year ended 31 January 2024 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Echo Zoo Studios Ltd, as a body, in accordance with the terms of our engagement letter dated 1 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of Echo Zoo Studios Ltd and state those matters that we have agreed to state to the Board of Directors of Echo Zoo Studios Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Echo Zoo Studios Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Echo Zoo Studios Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Echo Zoo Studios Ltd. You consider that Echo Zoo Studios Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Echo Zoo Studios Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hogarth Business Services Ltd
65 Victoria Road
Polegate
East Sussex
BN26 6BY

18 December 2024

 

Echo Zoo Studios Ltd

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

 

79,984

78,906

Cost of sales

 

(13,828)

(16,946)

Gross profit

 

66,156

61,960

Administrative expenses

 

(65,075)

(64,624)

Other operating income

 

2,400

5,150

Operating profit

 

3,481

2,486

Profit before tax

4

3,481

2,486

Profit for the financial year

 

3,481

2,486

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Echo Zoo Studios Ltd

Statement of Comprehensive Income for the Year Ended 31 January 2024

2024
£

2023
£

Profit for the year

3,481

2,486

Total comprehensive income for the year

3,481

2,486

 

Echo Zoo Studios Ltd

(Registration number: 11157274)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

13,386

14,932

Current assets

 

Cash at bank and in hand

 

9,450

7,628

Creditors: Amounts falling due within one year

6

(58,750)

(61,956)

Net current liabilities

 

(49,300)

(54,328)

Net liabilities

 

(35,914)

(39,396)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(36,014)

(39,496)

Shareholders' deficit

 

(35,914)

(39,396)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 December 2024
 

.........................................
Mr David Lynch
Director

 

Echo Zoo Studios Ltd

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

100

(39,495)

(39,395)

Profit for the year

-

3,481

3,481

At 31 January 2024

100

(36,014)

(35,914)

Share capital
£

Retained earnings
£

Total
£

At 1 February 2022

100

(41,982)

(41,882)

Profit for the year

-

2,486

2,486

At 31 January 2023

100

(39,496)

(39,396)

 

Echo Zoo Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
65 Victoria Road
Polegate
East Sussex
BN26 6BY
United Kingdom

These financial statements were authorised for issue by the director on 18 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Echo Zoo Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Asset class

Depreciation method and rate

Plant & Equipment

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

3,346

3,733

 

Echo Zoo Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

32,955

32,955

Additions

1,800

1,800

At 31 January 2024

34,755

34,755

Depreciation

At 1 February 2023

18,023

18,023

Charge for the year

3,346

3,346

At 31 January 2024

21,369

21,369

Carrying amount

At 31 January 2024

13,386

13,386

At 31 January 2023

14,932

14,932

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

955

915

Other creditors

57,795

61,041

58,750

61,956

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Echo Zoo Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Dividends

9

Transition to FRS 102

Balance Sheet at 1 February 2022
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Echo Zoo Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Balance Sheet at 31 January 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Echo Zoo Studios Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Profit and Loss Account for the year ended 31 January 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Turnover

-

-

-

-

Operating profit/(loss)

-

-

-

-

Profit/(loss) before tax

-

-

-

-

Profit/(loss) for the financial year

-

-

-

-