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REGISTERED NUMBER: 06020996 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Flood Studio Ltd

Flood Studio Ltd (Registered number: 06020996)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flood Studio Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr N D Burgess
Mr P Whittle





SECRETARY: Mr N D Burgess





REGISTERED OFFICE: Unit 101, The Courtyard
India Mill
Bolton Road
Darwen
Lancashire
BB3 1AE





REGISTERED NUMBER: 06020996 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
BTC House
Chapel Hill
Longridge
Preston
Lancashire
PR3 3JY

Flood Studio Ltd (Registered number: 06020996)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,589 22,983
Investments 5 60,000 60,000
71,589 82,983

CURRENT ASSETS
Debtors 6 79,287 43,958
Cash at bank and in hand 211,960 170,626
291,247 214,584
CREDITORS
Amounts falling due within one year 7 101,456 69,728
NET CURRENT ASSETS 189,791 144,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,380

227,839

PROVISIONS FOR LIABILITIES 2,716 447
NET ASSETS 258,664 227,392

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 258,656 227,384
SHAREHOLDERS' FUNDS 258,664 227,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Flood Studio Ltd (Registered number: 06020996)

Balance Sheet - continued
31 December 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 20 March 2025 and were signed on its behalf by:





Mr N D Burgess - Director


Flood Studio Ltd (Registered number: 06020996)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Flood Studio 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 - going concern
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.

Covid-19

On 11 March 2020, the World Health Organisation officially declared COVID-19 as a pandemic.

The accounts have been prepared on a going concern basis as although there are indicators of financial impact in relation to COVID-19 the directors have taken what are considered all necessary measures to protect the business from this to limit any adverse impact.



The Directors anticipate the company continuing to trade for the foreseeable future and are monitoring the situation.

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 etc - 33% on cost

Taxation
Taxation for the year 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.


Flood Studio Ltd (Registered number: 06020996)

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


2. ACCOUNTING POLICIES - continued
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.

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 NIL (2023 - 7 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 140,566
DEPRECIATION
At 1 January 2024 117,583
Charge for year 11,394
At 31 December 2024 128,977
NET BOOK VALUE
At 31 December 2024 11,589
At 31 December 2023 22,983

Flood Studio Ltd (Registered number: 06020996)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 60,000
NET BOOK VALUE
At 31 December 2024 60,000
At 31 December 2023 60,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 66,872 37,224
Other debtors 12,415 6,734
79,287 43,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 852 3,383
Taxation and social security 71,426 38,012
Other creditors 29,178 28,333
101,456 69,728