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REGISTERED NUMBER: 12638258 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

SEMI-FAMOUS STUDIO LTD

SEMI-FAMOUS STUDIO LTD (REGISTERED NUMBER: 12638258)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEMI-FAMOUS STUDIO LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D B Totman





REGISTERED OFFICE: 8 Belitha Villas
London
N1 1PD





REGISTERED NUMBER: 12638258 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

SEMI-FAMOUS STUDIO LTD (REGISTERED NUMBER: 12638258)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,000
Tangible assets 5 6,939 6,322
12,939 13,322

CURRENT ASSETS
Debtors 6 229,629 165,469
Cash at bank 866,450 796,816
1,096,079 962,285
CREDITORS
Amounts falling due within one year 7 402,118 291,608
NET CURRENT ASSETS 693,961 670,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,900

683,999

PROVISIONS FOR LIABILITIES 1,735 1,581
NET ASSETS 705,165 682,418

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 705,163 682,416
705,165 682,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SEMI-FAMOUS STUDIO LTD (REGISTERED NUMBER: 12638258)

Balance Sheet - continued
30 June 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 director and authorised for issue on 22 January 2025 and were signed by:





D B Totman - Director


SEMI-FAMOUS STUDIO LTD (REGISTERED NUMBER: 12638258)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Semi-Famous 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
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Debtors and Creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

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.

SEMI-FAMOUS STUDIO LTD (REGISTERED NUMBER: 12638258)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 3,000
Charge for year 1,000
At 30 June 2024 4,000
NET BOOK VALUE
At 30 June 2024 6,000
At 30 June 2023 7,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 13,789
Additions 2,930
At 30 June 2024 16,719
DEPRECIATION
At 1 July 2023 7,467
Charge for year 2,313
At 30 June 2024 9,780
NET BOOK VALUE
At 30 June 2024 6,939
At 30 June 2023 6,322

SEMI-FAMOUS STUDIO LTD (REGISTERED NUMBER: 12638258)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 215,842 156,597
VAT 13,787 8,872
229,629 165,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 60,734 22,602
Tax 97,181 112,296
Other creditors 4,992 1,046
Directors' current accounts 234,963 151,371
Accrued expenses 4,248 4,293
402,118 291,608