Dropout Ltd 07720705 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Photography & Studio Operation Digita Accounts Production Advanced 6.30.9574.0 true 07720705 2023-08-01 2024-07-31 07720705 2024-07-31 07720705 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07720705 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 07720705 bus:Micro-entities 2023-08-01 2024-07-31 07720705 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07720705 bus:FullAccounts 2023-08-01 2024-07-31 07720705 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07720705 bus:RegisteredOffice 2023-08-01 2024-07-31 07720705 bus:Director1 2023-08-01 2024-07-31 07720705 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07720705 countries:AllCountries 2023-08-01 2024-07-31 07720705 dpl:AdministrativeExpenses 2023-08-01 2024-07-31 07720705 dpl:CostSales 2023-08-01 2024-07-31 07720705 2022-08-01 2023-07-31 07720705 2023-07-31 07720705 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07720705 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 07720705 dpl:AdministrativeExpenses 2022-08-01 2023-07-31 07720705 dpl:CostSales 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 07720705

Dropout Ltd

trading as Ancoats Studio

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Dropout Ltd

trading as Ancoats Studio

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

Dropout Ltd

trading as Ancoats Studio

Company Information

Director

Mr Ryan Joel Bale

Registered office

24 Moss Lane
Alderley Edge
Cheshire
SK9 7HN

Accountants

Chris Bird - AIMS Accountants for Business
Whitehill
Ravenspoint Road
Trearddur Bay
Anglesey
LL65 2AX

 

Dropout Ltd

trading as Ancoats Studio

(Registration number: 07720705)
Balance Sheet as at 31 July 2024

2024
£

2023
£

Fixed assets

1,810

2,413

Current assets

-

25,539

Creditors: Amounts falling due within one year

(22,774)

(82,056)

Net current liabilities

(22,774)

(56,517)

Total assets less current liabilities

(20,964)

(54,104)

Creditors: Amounts falling due after more than one year

(4,200)

(17,849)

Accruals and deferred income

(825)

(825)

 

(25,989)

(72,778)

Capital and reserves

(25,989)

(72,778)

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
24 Moss Lane
Alderley Edge
Cheshire
SK9 7HN

These financial statements were authorised for issue by the director on 11 March 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Dropout Ltd

trading as Ancoats Studio

(Registration number: 07720705)
Balance Sheet as at 31 July 2024

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2025
 

.........................................
Mr Ryan Joel Bale
Director

 

Dropout Ltd

trading as Ancoats Studio

2024
 £

2023
 £

Turnover/revenue

50,325

35,845

Cost of sales

Purchase of raw materials and consumables

(4,204)

(12,061)

Freight and haulage costs

-

(973)

Gross profit

46,121

22,811

Distribution costs

Administrative expenses

Audit and accountancy other services

(900)

(850)

Advertising, promotions and marketing costs

(2,778)

(1,552)

Rent, rates and services costs

(18,000)

(21)

Utilities costs

(872)

-

Depreciation of property, plant and equipment

(603)

(804)

Vehicle costs

(3,087)

-

Salaries and fees, directors

(8,380)

(12,149)

Travel and subsistence

-

(1,951)

Insurance costs

(732)

(397)

IT and computing

(888)

(2,708)

Telecommunications

(811)

-

Other costs

(707)

-

Other operating income

Other items

Profit on ordinary activities before finance charges and interest

8,363

2,379

Interest expense on bank overdraft, bank loans and similar borrowings

(216)

(828)

Profit for the financial year

8,147

1,551