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REGISTERED NUMBER: 12246137 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2023 to 30 November 2024

for

Wellspotted Studio Limited

Wellspotted Studio Limited (Registered number: 12246137)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Wellspotted Studio Limited

Company Information
for the Period 1 November 2023 to 30 November 2024







DIRECTORS: P Critchley
G Critchley





REGISTERED OFFICE: 147a High Street
Waltham Cross
EN8 7AP





REGISTERED NUMBER: 12246137 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wellspotted Studio Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wellspotted Studio Limited for the period ended 30 November 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wellspotted Studio Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wellspotted Studio Limited and state those matters that we have agreed to state to the Board of Directors of Wellspotted Studio Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wellspotted Studio Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wellspotted Studio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wellspotted Studio Limited. You consider that Wellspotted Studio Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Wellspotted Studio Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


14 March 2025

Wellspotted Studio Limited (Registered number: 12246137)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 828

CURRENT ASSETS
Stocks - 300
Debtors 5 255,322 257,246
Cash at bank 58,518 476
313,840 258,022
CREDITORS
Amounts falling due within one year 6 (79,688 ) (31,163 )
NET CURRENT ASSETS 234,152 226,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,152

227,687

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 234,151 227,686
SHAREHOLDERS' FUNDS 234,152 227,687

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

Wellspotted Studio Limited (Registered number: 12246137)

Statement of Financial Position - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





P Critchley - Director


Wellspotted Studio Limited (Registered number: 12246137)

Notes to the Financial Statements
for the Period 1 November 2023 to 30 November 2024

1. STATUTORY INFORMATION

Wellspotted Studio Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Wellspotted Studio Limited (Registered number: 12246137)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 1,556
Disposals (621 )
At 30 November 2024 935
DEPRECIATION
At 1 November 2023 728
Charge for period 207
At 30 November 2024 935
NET BOOK VALUE
At 30 November 2024 -
At 31 October 2023 828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 255,322 257,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 12,341 30,147
Other creditors 67,347 1,016
79,688 31,163

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1