Company Registration No. 08237161 (England and Wales)
Begum Studio Ltd
Unaudited accounts
for the year ended 31 July 2024
Begum Studio Ltd
Unaudited accounts
Contents
Begum Studio Ltd
Company Information
for the year ended 31 July 2024
Company Number
08237161 (England and Wales)
Registered Office
247 Church Street
London
N16 9HP
United Kingdom
Accountants
Wyatts Partnership Ltd
247 Church Street
London
N16 9HP
Begum Studio Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
15,397
28,105
Debtors
1,283,204
1,169,257
Cash at bank and in hand
78,038
285,079
Creditors: amounts falling due within one year
(269,562)
(260,143)
Net current assets
1,145,540
1,225,062
Net assets
1,244,301
1,323,228
Called up share capital
1
1
Profit and loss account
1,244,300
1,323,227
Shareholders' funds
1,244,301
1,323,228
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 7 January 2025 and were signed on its behalf by
Ms Rana Begum
Director
Company Registration No. 08237161
Begum Studio Ltd
Notes to the Accounts
for the year ended 31 July 2024
Begum Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 08237161. The registered office is 247 Church Street, London, N16 9HP, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
Amortisation was re-valued down to £50,000.00 by Her Majesty's Revenue & Customs in 2017. The adjustments have been allowed for in these accounts and the value written back to the Profit & Loss Account.
Begum Studio Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
12,858
8,399
22,610
36,845
80,712
Additions
1,799
-
2,875
3,550
8,224
At 31 July 2024
14,657
8,399
25,485
40,395
88,936
At 1 August 2023
9,609
8,399
12,902
21,697
52,607
Charge for the year
2,880
-
7,592
10,460
20,932
At 31 July 2024
12,489
8,399
20,494
32,157
73,539
At 31 July 2024
2,168
-
4,991
8,238
15,397
At 31 July 2023
3,249
-
9,708
15,148
28,105
6
Investments
Other investments
Valuation at 1 August 2023
70,061
Valuation at 31 July 2024
83,364
Amounts falling due within one year
Trade debtors
14,940
26,720
Other debtors
1,268,264
1,142,537
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,388
8,981
Taxes and social security
87,926
90,390
Loans from directors
(73)
14,774
Deferred income
160,162
113,586
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Begum Studio Ltd
Notes to the Accounts
for the year ended 31 July 2024
The company was under the control of Ms Rana Begum throughout the current and previous year. There are no transactions with related parties such as are required to be disclosed under the Financial Reporting Standards for Smaller Entities effective January 2015.
11
Average number of employees
During the year the average number of employees was 9 (2023: 8).