IRIS Accounts Production v24.2.0.383 SC560399 Board of Directors 1.4.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5603992023-03-31SC5603992024-06-30SC5603992023-04-012024-06-30SC5603992022-03-31SC5603992022-04-012023-03-31SC5603992023-03-31SC560399ns15:Scotland2023-04-012024-06-30SC560399ns14:PoundSterling2023-04-012024-06-30SC560399ns10:Director12023-04-012024-06-30SC560399ns10:PrivateLimitedCompanyLtd2023-04-012024-06-30SC560399ns10:SmallEntities2023-04-012024-06-30SC560399ns10:AuditExempt-NoAccountantsReport2023-04-012024-06-30SC560399ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-06-30SC560399ns10:SmallCompaniesRegimeForAccounts2023-04-012024-06-30SC560399ns10:AbridgedAccounts2023-04-012024-06-30SC56039912023-04-012024-06-30SC560399ns10:Director22023-04-012024-06-30SC560399ns10:Director32023-04-012024-06-30SC560399ns10:Director42023-04-012024-06-30SC560399ns10:Director52023-04-012024-06-30SC560399ns10:RegisteredOffice2023-04-012024-06-30SC560399ns5:CurrentFinancialInstruments2024-06-30SC560399ns5:CurrentFinancialInstruments2023-03-31SC560399ns5:Non-currentFinancialInstruments2024-06-30SC560399ns5:Non-currentFinancialInstruments2023-03-31SC560399ns5:ShareCapital2024-06-30SC560399ns5:ShareCapital2023-03-31SC560399ns5:RetainedEarningsAccumulatedLosses2024-06-30SC560399ns5:RetainedEarningsAccumulatedLosses2023-03-31SC560399ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-06-30SC560399ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-06-30SC560399ns5:ComputerSoftware2023-04-012024-06-30SC560399ns5:ComputerEquipment2023-04-012024-06-30SC560399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-30SC560399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC560399ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-30SC560399ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-31SC560399ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-30SC560399ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: SC560399 (Scotland)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

448 Studio Ltd

448 Studio Ltd (Registered number: SC560399)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


448 Studio Ltd

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: D P Marrable
D C Cowan
Dr H Young
A W Gray
M Howat





REGISTERED OFFICE: Barclays Eagle Labs
58 Kingston Street
Glasgow
G5 8BP





REGISTERED NUMBER: SC560399 (Scotland)





ACCOUNTANTS: McDougall Johnstone Limited
280a St Vincent Street
Glasgow
G2 5RL

448 Studio Ltd (Registered number: SC560399)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 122,619 110,294
Tangible assets 5 4,864 9,003
127,483 119,297

CURRENT ASSETS
Debtors 17,002 57,694
Cash at bank 30,956 -
47,958 57,694
CREDITORS
Amounts falling due within one year (80,801 ) (99,554 )
NET CURRENT LIABILITIES (32,843 ) (41,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,640

77,437

CREDITORS
Amounts falling due after more than one year (68,464 ) (96,686 )

PROVISIONS FOR LIABILITIES (925 ) (3,940 )
NET ASSETS/(LIABILITIES) 25,251 (23,189 )

CAPITAL AND RESERVES
Called up share capital 308,600 100
Retained earnings (283,349 ) (23,289 )
25,251 (23,189 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

448 Studio Ltd (Registered number: SC560399)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





D P Marrable - Director


448 Studio Ltd (Registered number: SC560399)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

448 Studio Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 6 ) .

448 Studio Ltd (Registered number: SC560399)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 114,458
Additions 21,910
At 30 June 2024 136,368
AMORTISATION
At 1 April 2023 4,164
Amortisation for period 9,585
At 30 June 2024 13,749
NET BOOK VALUE

At 30 June 2024 122,619
At 31 March 2023 110,294

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 20,288
Additions 540
At 30 June 2024 20,828
DEPRECIATION
At 1 April 2023 11,285
Charge for period 4,679
At 30 June 2024 15,964
NET BOOK VALUE
At 30 June 2024 4,864
At 31 March 2023 9,003

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 28,749 28,749

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,990 28,990

Amounts falling due between two and five years:
Bank loans - 2-5 years 39,474 67,696

448 Studio Ltd (Registered number: SC560399)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

7. RELATED PARTY DISCLOSURES

At the year end, there is a balance due to the directors from the company of £12,145 (2023: £11,041). No interest has been charged on this amount and is repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is D P Marrable.