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
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
Off The Rails Studio Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
8,909
36,930
Cash at bank and in hand
17,220
9
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)
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
Off The Rails Studio Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 July 2024
73,523
14,844
88,367
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
At 31 July 2024
8,512
397
8,909
At 31 July 2023
33,017
3,913
36,930
Off The Rails Studio Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
2,376
11,709
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,523
2,461
Taxes and social security
-
1,213
Loans from directors
313,415
330,339
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).