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Company Registration No. 06317913 (England and Wales)
Junction Studio Ltd Unaudited accounts for the year ended 30 June 2024
Junction Studio Ltd Unaudited accounts Contents
Page
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Junction Studio Ltd Company Information for the year ended 30 June 2024
Directors
Thomas Lloyd Neish Emma Sally Scott-Child
Company Number
06317913 (England and Wales)
Registered Office
1 SYDNEY STREET BRIGHTON BN1 4EN ENGLAND
Accountants
Davies Business Consultancy 63 Norfolk Road Littlehampton West Sussex BN17 5HE
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Junction Studio Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,035 
10,971 
Current assets
Debtors
31,661 
96,445 
Cash at bank and in hand
117,372 
126,062 
149,033 
222,507 
Creditors: amounts falling due within one year
(49,988)
(48,660)
Net current assets
99,045 
173,847 
Net assets
112,080 
184,818 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
111,980 
184,718 
Shareholders' funds
112,080 
184,818 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by
Emma Sally Scott-Child Director Company Registration No. 06317913
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Junction Studio Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Junction Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 06317913. The registered office is 1 SYDNEY STREET, BRIGHTON, BN1 4EN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
9,509 
9,950 
10,056 
29,515 
Additions
- 
537 
4,388 
4,925 
At 30 June 2024
9,509 
10,487 
14,444 
34,440 
Depreciation
At 1 July 2023
8,633 
6,991 
2,920 
18,544 
Charge for the year
158 
629 
2,074 
2,861 
At 30 June 2024
8,791 
7,620 
4,994 
21,405 
Net book value
At 30 June 2024
718 
2,867 
9,450 
13,035 
At 30 June 2023
876 
2,959 
7,136 
10,971 
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Junction Studio Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,238 
49,367 
Other debtors
8,423 
47,078 
31,661 
96,445 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
31,306 
40,677 
Trade creditors
20,601 
10,742 
Taxes and social security
(2,920)
(3,561)
Other creditors
1,001 
802 
49,988 
48,660 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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