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REGISTERED NUMBER: 10186937 (England and Wales)















Studioshaw Ltd.

Unaudited Financial Statements

for the Year Ended 30 June 2024






Studioshaw Ltd. (Registered number: 10186937)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Studioshaw Ltd.

Company Information
for the year ended 30 June 2024







Director: M S Shaw





Registered office: 54 Rivington Street
London
EC2A 3QN





Registered number: 10186937 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Studioshaw Ltd. (Registered number: 10186937)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 14,527 16,400

Current assets
Debtors 5 127,953 86,458
Cash at bank and in hand 45,570 62,964
173,523 149,422
Creditors
Amounts falling due within one year 6 60,854 45,988
Net current assets 112,669 103,434
Total assets less current liabilities 127,196 119,834

Provisions for liabilities 3,632 3,116
Net assets 123,564 116,718

Capital and reserves
Called up share capital 7 1 1
Retained earnings 123,563 116,717
Shareholders' funds 123,564 116,718

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 5 February 2025 and were signed by:





M S Shaw - Director


Studioshaw Ltd. (Registered number: 10186937)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Studioshaw Ltd. 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments derivative financial instruments, trade and other payables, convertible loan notes and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets and liabilities - classified as basic financial instruments
(i) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid
investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs,
and subsequently measured at amortised cost including the effective interest method, less any provision for
impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the company assesses whether there is objective evidence that an
receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including
any transaction costs, and subsequently measured at amortised cost using the effective interest method.
Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.


Studioshaw Ltd. (Registered number: 10186937)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. Accounting policies - continued
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.

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.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 8 ) .

4. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 July 2023 41,176
Additions 7,592
At 30 June 2024 48,768
Depreciation
At 1 July 2023 24,776
Charge for year 9,465
At 30 June 2024 34,241
Net book value
At 30 June 2024 14,527
At 30 June 2023 16,400

Studioshaw Ltd. (Registered number: 10186937)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 90,438 76,914
Other debtors 37,515 9,544
127,953 86,458

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,231 2,472
Taxation and social security 42,351 33,450
Other creditors 17,272 10,066
60,854 45,988

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

8. Director's advances, credits and guarantees

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

2024 2023
£ £
M S Shaw
Balance outstanding at start of year (149 ) -
Amounts advanced 1,200 -
Amounts repaid (898 ) (149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153 (149 )