Fife Studio Ltd 12208622 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is architect services. Digita Accounts Production Advanced 6.30.9574.0 true true 12208622 2023-10-01 2024-09-30 12208622 2024-09-30 12208622 bus:OrdinaryShareClass1 2024-09-30 12208622 core:CurrentFinancialInstruments 2024-09-30 12208622 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12208622 core:OfficeEquipment 2024-09-30 12208622 bus:SmallEntities 2023-10-01 2024-09-30 12208622 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12208622 bus:FullAccounts 2023-10-01 2024-09-30 12208622 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12208622 bus:RegisteredOffice 2023-10-01 2024-09-30 12208622 bus:Director1 2023-10-01 2024-09-30 12208622 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12208622 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12208622 core:ComputerEquipment 2023-10-01 2024-09-30 12208622 core:OfficeEquipment 2023-10-01 2024-09-30 12208622 countries:EnglandWales 2023-10-01 2024-09-30 12208622 2023-09-30 12208622 core:OfficeEquipment 2023-09-30 12208622 2022-10-01 2023-09-30 12208622 2023-09-30 12208622 bus:OrdinaryShareClass1 2023-09-30 12208622 core:CurrentFinancialInstruments 2023-09-30 12208622 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12208622 core:OfficeEquipment 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12208622

Fife Studio Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Fife Studio Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Fife Studio Ltd

Company Information

Director

H Hoeg

Registered office

Kemp House
152-160 City Road
London
EC1V 2NX

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

Fife Studio Ltd

(Registration number: 12208622)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,608

4,630

Current assets

 

Debtors

5

3,975

-

Cash at bank and in hand

 

43,230

41,861

 

47,205

41,861

Creditors: Amounts falling due within one year

6

(26,660)

(24,471)

Net current assets

 

20,545

17,390

Net assets

 

23,153

22,020

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

23,152

22,019

Shareholders' funds

 

23,153

22,020

 

Fife Studio Ltd

(Registration number: 12208622)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 21 March 2025
 

.........................................
H Hoeg
Director

 

Fife Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Kemp House
152-160 City Road
London
EC1V 2NX

These financial statements were authorised for issue by the director on 21 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Fife Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

 

Fife Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

8,089

8,089

At 30 September 2024

8,089

8,089

Depreciation

At 1 October 2023

3,459

3,459

Charge for the year

2,022

2,022

At 30 September 2024

5,481

5,481

Carrying amount

At 30 September 2024

2,608

2,608

At 30 September 2023

4,630

4,630

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,975

-

 

3,975

-

 

Fife Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

6,369

6,450

Accruals and deferred income

808

808

Other creditors

19,483

17,213

26,660

24,471

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1