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REGISTERED NUMBER: 13112999 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPECSTUDIO LIMITED

SPECSTUDIO LIMITED (REGISTERED NUMBER: 13112999)






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


SPECSTUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C S Brown
M J Fox
R Jackson





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO164LZ





REGISTERED NUMBER: 13112999 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

SPECSTUDIO LIMITED (REGISTERED NUMBER: 13112999)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,812 7,317

CURRENT ASSETS
Debtors 5 331,383 235,024
Cash at bank 180,177 155,649
511,560 390,673
CREDITORS
Amounts falling due within one year 6 191,510 153,037
NET CURRENT ASSETS 320,050 237,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,862

244,953

PROVISIONS FOR LIABILITIES 1,703 1,390
NET ASSETS 325,159 243,563

CAPITAL AND RESERVES
Called up share capital 7 150 150
Retained earnings 325,009 243,413
SHAREHOLDERS' FUNDS 325,159 243,563

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.

SPECSTUDIO LIMITED (REGISTERED NUMBER: 13112999)

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 Statement of Income and Retained Earnings 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:




C S Brown - Director M J Fox - Director




R Jackson - Director


SPECSTUDIO LIMITED (REGISTERED NUMBER: 13112999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

SpecStudio 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.

Turnover
Turnover represents income excluding discounts, rebates, value added tax and other taxes. Turnover is generated from architectural consulting and is recognised on the exchange of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits
The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

SPECSTUDIO LIMITED (REGISTERED NUMBER: 13112999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 14,293
Additions 2,149
Disposals (683 )
At 31 December 2024 15,759
DEPRECIATION
At 1 January 2024 6,976
Charge for year 2,270
Eliminated on disposal (299 )
At 31 December 2024 8,947
NET BOOK VALUE
At 31 December 2024 6,812
At 31 December 2023 7,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 315,321 221,079
Other debtors 16,062 13,945
331,383 235,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 8,071 11,863
Taxation and social security 166,436 128,500
Other creditors 17,003 12,674
191,510 153,037

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
34 Ordinary A Shares £1 34 34
33 Ordinary B Shares £1 33 33
33 Ordinary C Shares £1 33 33
50 Ordinary D Shares £1 50 50
150 150