IRIS Accounts Production v24.3.2.46 03596098 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035960982023-03-31035960982024-03-31035960982023-04-012024-03-31035960982022-03-31035960982022-04-012023-03-31035960982023-03-3103596098ns15:EnglandWales2023-04-012024-03-3103596098ns14:PoundSterling2023-04-012024-03-3103596098ns10:Director12023-04-012024-03-3103596098ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103596098ns10:SmallEntities2023-04-012024-03-3103596098ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103596098ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103596098ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103596098ns10:FullAccounts2023-04-012024-03-3103596098ns10:CompanySecretary12023-04-012024-03-3103596098ns10:RegisteredOffice2023-04-012024-03-3103596098ns5:CurrentFinancialInstruments2024-03-3103596098ns5:CurrentFinancialInstruments2023-03-3103596098ns5:ShareCapital2024-03-3103596098ns5:ShareCapital2023-03-3103596098ns5:RetainedEarningsAccumulatedLosses2024-03-3103596098ns5:RetainedEarningsAccumulatedLosses2023-03-3103596098ns5:LeaseholdImprovements2023-04-012024-03-3103596098ns5:PlantMachinery2023-04-012024-03-3103596098ns5:FurnitureFittings2023-04-012024-03-3103596098ns5:ComputerEquipment2023-04-012024-03-3103596098ns5:LeaseholdImprovements2023-03-3103596098ns5:PlantMachinery2023-03-3103596098ns5:FurnitureFittings2023-03-3103596098ns5:LeaseholdImprovements2024-03-3103596098ns5:PlantMachinery2024-03-3103596098ns5:FurnitureFittings2024-03-3103596098ns5:LeaseholdImprovements2023-03-3103596098ns5:PlantMachinery2023-03-3103596098ns5:FurnitureFittings2023-03-3103596098ns5:MotorVehicles2023-03-3103596098ns5:ComputerEquipment2023-03-3103596098ns5:MotorVehicles2023-04-012024-03-3103596098ns5:MotorVehicles2024-03-3103596098ns5:ComputerEquipment2024-03-3103596098ns5:MotorVehicles2023-03-3103596098ns5:ComputerEquipment2023-03-3103596098ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103596098ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-310359609812023-04-012024-03-31
REGISTERED NUMBER: 03596098 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

WOODSIDE STUDIOS LIMITED

WOODSIDE STUDIOS LIMITED (REGISTERED NUMBER: 03596098)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOODSIDE STUDIOS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs T P MYLES





SECRETARY: Mrs T P MYLES





REGISTERED OFFICE: Woodside
Easons Green, Nr Framfield
Uckfield
East Sussex
TN22 5RE





REGISTERED NUMBER: 03596098 (England and Wales)





ACCOUNTANTS: Gynch Shaw Maurice & Co
Chartered Certified Accountants
Rear of No 2
SPM House
Glenthorne Road
Friern Barnet
London
N11 3HT

WOODSIDE STUDIOS LIMITED (REGISTERED NUMBER: 03596098)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,612 29,755

CURRENT ASSETS
Debtors 5 2,428 361
Cash at bank 2,799 2,097
5,227 2,458
CREDITORS
Amounts falling due within one year 6 319,532 309,602
NET CURRENT LIABILITIES (314,305 ) (307,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(285,693

)

(277,389

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (285,793 ) (277,489 )
SHAREHOLDERS' FUNDS (285,693 ) (277,389 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





Mrs T P MYLES - Director


WOODSIDE STUDIOS LIMITED (REGISTERED NUMBER: 03596098)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

WOODSIDE STUDIOS 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced for production of records for the entertainment and music industry net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Motor Vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The financial statements have been prepared on a going concern basis, not withstanding that there is a deficiency of assets as at 31 March 2022 amounting to £278,038 , the validity of which is dependent on the continued financial support of the directors and shareholders. On this basis, the directors consider that it is appropriate for the financial statements to be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

WOODSIDE STUDIOS LIMITED (REGISTERED NUMBER: 03596098)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 46,324 83,383 20,895
DEPRECIATION
At 1 April 2023 19,584 82,493 20,235
Charge for year 926 178 99
At 31 March 2024 20,510 82,671 20,334
NET BOOK VALUE
At 31 March 2024 25,814 712 561
At 31 March 2023 26,740 890 660

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 25,000 6,296 181,898
DEPRECIATION
At 1 April 2023 22,966 6,865 152,143
Charge for year 509 (569 ) 1,143
At 31 March 2024 23,475 6,296 153,286
NET BOOK VALUE
At 31 March 2024 1,525 - 28,612
At 31 March 2023 2,034 (569 ) 29,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,950 -
Other debtors 478 361
2,428 361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,548 287
Taxation and social security - 348
Other creditors 317,984 308,967
319,532 309,602

WOODSIDE STUDIOS LIMITED (REGISTERED NUMBER: 03596098)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date.


8. OTHER FINANCIAL COMMITMENTS

There were no major financial commitment at the balance sheet date.


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in the other creditors is a balance of £317,264 (2023: £308,171) owed to the directors,

10. POST BALANCE SHEET EVENTS

There was no post balance sheet event.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs T P MYLES.