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REGISTERED NUMBER: 10325290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Inertia Studios Ltd

Inertia Studios Ltd (Registered number: 10325290)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inertia Studios Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr T Valente





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 10325290 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Inertia Studios Ltd (Registered number: 10325290)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,459 44,248
Investments 5 45,333 -
72,792 44,248

CURRENT ASSETS
Debtors 6 181,616 88,617
Cash at bank 2,479,660 2,269,441
2,661,276 2,358,058
CREDITORS
Amounts falling due within one year 7 434,030 324,138
NET CURRENT ASSETS 2,227,246 2,033,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,300,038

2,078,168

PROVISIONS FOR LIABILITIES 8 6,865 8,407
NET ASSETS 2,293,173 2,069,761

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 2,293,163 2,069,751
SHAREHOLDERS' FUNDS 2,293,173 2,069,761

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Inertia Studios Ltd (Registered number: 10325290)

Balance Sheet - continued
31st March 2024


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

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

The financial statements were approved by the director and authorised for issue on 7th March 2025 and were signed by:





Mr T Valente - Director


Inertia Studios Ltd (Registered number: 10325290)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Inertia Studios Ltd is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Inertia Studios Ltd (Registered number: 10325290)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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 year was 8 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 2,810 1,246 84,909 88,965
Additions - - 2,962 2,962
At 31st March 2024 2,810 1,246 87,871 91,927
DEPRECIATION
At 1st April 2023 702 1,246 42,769 44,717
Charge for year 703 - 19,048 19,751
At 31st March 2024 1,405 1,246 61,817 64,468
NET BOOK VALUE
At 31st March 2024 1,405 - 26,054 27,459
At 31st March 2023 2,108 - 42,140 44,248

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
New in year 45,333
At 31st March 2024 45,333

Inertia Studios Ltd (Registered number: 10325290)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 172,238 46,002
Other debtors 9,378 42,615
181,616 88,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 56,453 83,048
Taxation and social security 372,486 233,938
Other creditors 5,091 7,152
434,030 324,138

8. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 6,865 8,407

Deferred
tax
£   
Balance at 1st April 2023 8,407
Provided during year (1,542 )
Balance at 31st March 2024 6,865

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
10 Ordinary Shares £1 10 10

Inertia Studios Ltd (Registered number: 10325290)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

10. RESERVES
Retained
earnings
£   

At 1st April 2023 2,069,751
Profit for the year 325,805
Dividends (102,393 )
At 31st March 2024 2,293,163