1 July 2023 false Taxfiler 2024.6 10814325business:PrivateLimitedCompanyLtd2023-07-012024-06-30 108143252023-06-30 108143252023-07-012024-06-30 10814325business:AuditExemptWithAccountantsReport2023-07-012024-06-30 10814325business:FilletedAccounts2023-07-012024-06-30 108143252024-06-30 10814325business:Director12023-07-012024-06-30 10814325business:Director22023-07-012024-06-30 10814325business:RegisteredOffice2023-07-012024-06-30 108143252023-06-30 10814325core:WithinOneYear2024-06-30 10814325core:WithinOneYear2023-06-30 10814325core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10814325core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10814325core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10814325core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10814325core:PreviouslyStatedAmount2024-06-30 10814325core:PreviouslyStatedAmount2023-06-30 10814325business:SmallEntities2023-07-012024-06-30 10814325countries:EnglandWales2023-07-012024-06-30 10814325core:PlantMachinery2023-07-012024-06-30 10814325core:PlantMachinery2023-06-30 10814325core:FurnitureFittings2023-06-30 10814325core:PlantMachinery2024-06-30 10814325core:FurnitureFittings2024-06-30 10814325core:FurnitureFittings2023-07-012024-06-30 108143252022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10814325 (England and Wales)
R&D Studio Ltd Unaudited accounts for the year ended 30 June 2024
R&D Studio Ltd Unaudited accounts Contents
Page
- 2 -
R&D Studio Ltd Company Information for the year ended 30 June 2024
Directors
Rachel V Davies Daniel D Saul
Company Number
10814325 (England and Wales)
Registered Office
37 Brixton Hill Court Brixton Hill London London SW2 1QX England
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
- 3 -
R&D Studio Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,640 
3,059 
Current assets
Debtors
139 
378 
Cash at bank and in hand
671 
1,057 
810 
1,435 
Creditors: amounts falling due within one year
(794)
(1,664)
Net current assets/(liabilities)
16 
(229)
Total assets less current liabilities
1,656 
2,830 
Provisions for liabilities
Deferred tax
(311)
(581)
Net assets
1,345 
2,249 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,343 
2,247 
Shareholders' funds
1,345 
2,249 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
Rachel V Davies Director Company Registration No. 10814325
- 4 -
R&D Studio Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
R&D Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 10814325. The registered office is 37, Brixton Hill Court, Brixton Hill, London, London, SW2 1QX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 5 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
7,549 
138 
7,687 
At 30 June 2024
7,549 
138 
7,687 
Depreciation
At 1 July 2023
4,558 
70 
4,628 
Charge for the year
1,391 
28 
1,419 
At 30 June 2024
5,949 
98 
6,047 
Net book value
At 30 June 2024
1,600 
40 
1,640 
At 30 June 2023
2,991 
68 
3,059 
- 5 -
R&D Studio Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
139 
378 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
59 
929 
Loans from directors
195 
195 
Accruals
540 
540 
794 
1,664 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -