Company Registration No. 08080300 (England and Wales)
Token Studio Ltd.
Unaudited accounts
for the year ended 31 May 2024
Token Studio Ltd.
Unaudited accounts
Contents
Token Studio Ltd.
Company Information
for the year ended 31 May 2024
Company Number
08080300 (England and Wales)
Registered Office
Unit 1, St Saviours Wharf
32 Mill Street
London
SE1 2BE
United Kingdom
Accountants
Fortune UK Accountants Ltd
4a Nelson Road
London
GB
SE10 9JB
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Token Studio Ltd.
for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Token Studio Ltd. for the year ended
31 May 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Fortune UK Accountants Ltd
Chartered Certified Accountants
4a Nelson Road
London
GB
SE10 9JB
14 February 2025
Token Studio Ltd.
Statement of financial position
as at 31 May 2024
Tangible assets
90,546
7,102
Cash at bank and in hand
363,793
496,424
Creditors: amounts falling due within one year
(120,348)
(187,981)
Net current assets
498,216
340,693
Total assets less current liabilities
588,762
347,795
Creditors: amounts falling due after more than one year
-
(12,920)
Net assets
588,762
334,875
Called up share capital
100
100
Profit and loss account
588,662
334,775
Shareholders' funds
588,762
334,875
For the year ending 31 May 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 14 February 2025 and were signed on its behalf by
Jing Xue
Director
Company Registration No. 08080300
Token Studio Ltd.
Notes to the Accounts
for the year ended 31 May 2024
Token Studio Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08080300. The registered office is Unit 1, St Saviours Wharf, 32 Mill Street, London, SE1 2BE , 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.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Straight line with 6 years
Plant & machinery
20% reducing balance
Motor vehicles
18% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
-
-
9,049
9,049
Additions
46,466
57,500
-
103,966
At 31 May 2024
46,466
57,500
9,049
113,015
At 1 June 2023
-
-
1,947
1,947
Charge for the year
7,744
11,500
1,278
20,522
At 31 May 2024
7,744
11,500
3,225
22,469
At 31 May 2024
38,722
46,000
5,824
90,546
At 31 May 2023
-
-
7,102
7,102
Token Studio Ltd.
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
254,771
32,250
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
81,896
132,946
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
12,920
Other creditors are made of Director's Loan.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).