Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity812truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10423292 2023-04-01 2024-03-31 10423292 2022-04-01 2023-03-31 10423292 2024-03-31 10423292 2023-03-31 10423292 c:Director2 2023-04-01 2024-03-31 10423292 d:FurnitureFittings 2023-04-01 2024-03-31 10423292 d:FurnitureFittings 2024-03-31 10423292 d:FurnitureFittings 2023-03-31 10423292 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10423292 d:OfficeEquipment 2023-04-01 2024-03-31 10423292 d:OfficeEquipment 2024-03-31 10423292 d:OfficeEquipment 2023-03-31 10423292 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10423292 d:ComputerEquipment 2023-04-01 2024-03-31 10423292 d:ComputerEquipment 2024-03-31 10423292 d:ComputerEquipment 2023-03-31 10423292 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10423292 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10423292 d:CurrentFinancialInstruments 2024-03-31 10423292 d:CurrentFinancialInstruments 2023-03-31 10423292 d:Non-currentFinancialInstruments 2024-03-31 10423292 d:Non-currentFinancialInstruments 2023-03-31 10423292 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10423292 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10423292 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10423292 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10423292 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10423292 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10423292 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10423292 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10423292 d:ShareCapital 2024-03-31 10423292 d:ShareCapital 2023-03-31 10423292 d:RetainedEarningsAccumulatedLosses 2024-03-31 10423292 d:RetainedEarningsAccumulatedLosses 2023-03-31 10423292 c:FRS102 2023-04-01 2024-03-31 10423292 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10423292 c:FullAccounts 2023-04-01 2024-03-31 10423292 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10423292 d:WithinOneYear 2024-03-31 10423292 d:WithinOneYear 2023-03-31 10423292 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10423292 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10423292 d:RetirementBenefitObligationsDeferredTax 2024-03-31 10423292 d:RetirementBenefitObligationsDeferredTax 2023-03-31 10423292 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10423292










FRUITFUL STUDIO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FRUITFUL STUDIO LTD
REGISTERED NUMBER: 10423292

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,717
10,643

  
11,717
10,643

Current assets
  

Debtors: amounts falling due within one year
 5 
94,843
123,026

Bank and cash balances
  
-
2,280

  
94,843
125,306

Creditors: amounts falling due within one year
 6 
(100,329)
(98,888)

Net current (liabilities)/assets
  
 
 
(5,486)
 
 
26,418

Total assets less current liabilities
  
6,231
37,061

Creditors: amounts falling due after more than one year
 7 
(7,800)
(10,400)

Provisions for liabilities
  

Deferred tax
 9 
(1,947)
(2,386)

  
 
 
(1,947)
 
 
(2,386)

Net (liabilities)/assets
  
(3,516)
24,275


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(3,616)
24,175

  
(3,516)
24,275


Page 1

 
FRUITFUL STUDIO LTD
REGISTERED NUMBER: 10423292
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2025.




C D Orr
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Fruitful Studio Limited (10423292) is a private company limited by shares and incorporated in England.  Its registered office is Design Chapel, Cemetery Road, Southampton, SO15 7NN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net liabilities which may indicate a going concern issue. However, based on current plans the directors are satisfied that the company will be able to meet its obligations as they fall due. For this reason they have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 12).

Page 5

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1,300
4,226
23,343
28,869


Additions
4,345
909
-
5,254


Disposals
-
(3,172)
-
(3,172)



At 31 March 2024

5,645
1,963
23,343
30,951



Depreciation


At 1 April 2023
924
2,985
14,317
18,226


Charge for the year on owned assets
768
382
2,256
3,406


Disposals
-
(2,398)
-
(2,398)



At 31 March 2024

1,692
969
16,573
19,234



Net book value



At 31 March 2024
3,953
994
6,770
11,717



At 31 March 2023
376
1,241
9,026
10,643

Page 6

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
70,300
87,260

Other debtors
7,559
7,530

Prepayments and accrued income
14,457
25,718

Tax recoverable
2,527
2,518

94,843
123,026


Included within other debtors due within one year are loans to the following director:
C D Orr £7,559 (2023: £7,530)
The loan is interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
17,923
-

Trade creditors
11,481
9,907

Corporation tax
19,871
28,602

Other taxation and social security
34,820
44,631

Other creditors
2,022
2,246

Accruals and deferred income
14,212
13,502

100,329
98,888



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,800
10,400

7,800
10,400


Page 7

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
2,600
2,600

Amounts falling due 2-5 years

Bank loans
5,200
7,800


7,800
10,400



9.


Deferred taxation




2024


£






At beginning of year
(2,386)


Charged to profit or loss
439



At end of year
(1,947)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,226)
(2,661)

Pension surplus
279
275

(1,947)
(2,386)


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £5,009 (2023 - £5,391). Contributions totalling £871 (2023 - £1,099) were payable to the fund at the reporting date and are included in creditors.

Page 8

 
FRUITFUL STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
18,513

-
18,513

 
Page 9