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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
Page
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Begum Studio Ltd Company Information for the year ended 31 July 2024
Director
Ms Rana Begum
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
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Begum Studio Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,397 
28,105 
Investments
83,364 
70,061 
98,761 
98,166 
Current assets
Inventories
53,860 
30,869 
Debtors
1,283,204 
1,169,257 
Cash at bank and in hand
78,038 
285,079 
1,415,102 
1,485,205 
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 
Capital and reserves
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
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Begum Studio Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
Turnover
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
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 
£ 
Cost
At 1 August 2023
50,000 
At 31 July 2024
50,000 
Amortisation
At 1 August 2023
50,000 
At 31 July 2024
50,000 
Net book value
At 31 July 2024
- 
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.
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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 
Depreciation
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 
Net book value
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 
Additions
13,303 
Valuation at 31 July 2024
83,364 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,940 
26,720 
Other debtors
1,268,264 
1,142,537 
1,283,204 
1,169,257 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,663 
29,393 
Trade creditors
13,388 
8,981 
Taxes and social security
87,926 
90,390 
Other creditors
1,996 
819 
Loans from directors
(73)
14,774 
Accruals
2,500 
2,200 
Deferred income
160,162 
113,586 
269,562 
260,143 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Begum Studio Ltd Notes to the Accounts for the year ended 31 July 2024
10
Controlling party
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).
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