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Company Registration No. 10291638 (England and Wales)
Off The Rails Studio Ltd Unaudited accounts for the year ended 31 July 2024
Off The Rails Studio Ltd Unaudited accounts Contents
Page
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Off The Rails Studio Ltd Company Information for the year ended 31 July 2024
Director
Marie-Gabrielle Frank
Company Number
10291638 (England and Wales)
Registered Office
Sharpes Farm Lower Street Braishfield Hants SO51 0PH United Kingdom
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Off The Rails Studio Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,909 
36,930 
Current assets
Debtors
3,014 
42,992 
Cash at bank and in hand
17,220 
9 
20,234 
43,001 
Creditors: amounts falling due within one year
(321,557)
(345,929)
Net current liabilities
(301,323)
(302,928)
Total assets less current liabilities
(292,414)
(265,998)
Creditors: amounts falling due after more than one year
(2,148)
(4,673)
Net liabilities
(294,562)
(270,671)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(294,662)
(270,771)
Shareholders' funds
(294,562)
(270,671)
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 20 February 2025 and were signed on its behalf by
Marie-Gabrielle Frank Director Company Registration No. 10291638
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Off The Rails Studio Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Off The Rails Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 10291638. The registered office is Sharpes Farm, Lower Street, Braishfield, Hants, SO51 0PH, United Kingdom.
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
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Land & buildings
3 year straight line
Fixtures & fittings
4 year straight line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
73,523 
14,677 
88,200 
Additions
- 
167 
167 
At 31 July 2024
73,523 
14,844 
88,367 
Depreciation
At 1 August 2023
40,506 
10,764 
51,270 
Charge for the year
24,505 
3,683 
28,188 
At 31 July 2024
65,011 
14,447 
79,458 
Net book value
At 31 July 2024
8,512 
397 
8,909 
At 31 July 2023
33,017 
3,913 
36,930 
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Off The Rails Studio Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,993 
Trade debtors
52 
- 
Accrued income and prepayments
2,376 
11,709 
Other debtors
586 
22,290 
3,014 
42,992 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,523 
2,461 
VAT
1,903 
- 
Trade creditors
41 
9,416 
Taxes and social security
- 
1,213 
Other creditors
- 
110 
Loans from directors
313,415 
330,339 
Accruals
3,675 
2,390 
321,557 
345,929 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,148 
4,673 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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