1 April 2023 false No description of principal activity Taxfiler 2024.7.3 12494496business:PrivateLimitedCompanyLtd2023-04-012024-03-31 124944962023-03-31 124944962023-04-012024-03-31 12494496business:AuditExemptWithAccountantsReport2023-04-012024-03-31 12494496business:FilletedAccounts2023-04-012024-03-31 124944962024-03-31 12494496business:Director12023-04-012024-03-31 12494496business:RegisteredOffice2023-04-012024-03-31 124944962023-03-31 12494496core:WithinOneYear2024-03-31 12494496core:WithinOneYear2023-03-31 12494496core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 12494496core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12494496core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 12494496core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12494496core:PreviouslyStatedAmount2024-03-31 12494496core:PreviouslyStatedAmount2023-03-31 12494496business:SmallEntities2023-04-012024-03-31 12494496countries:EnglandWales2023-04-012024-03-31 12494496core:ComputerEquipment2023-04-012024-03-31 12494496core:ComputerEquipment2023-03-31 12494496core:ComputerEquipment2024-03-31 12494496business:OrdinaryShareClass12023-04-012024-03-31 12494496business:OrdinaryShareClass12022-04-012023-03-31 124944962022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12494496 (England and Wales)
SALESTUDIO7 LTD Unaudited accounts for the year ended 31 March 2024
SALESTUDIO7 LTD Unaudited accounts Contents
Page
- 2 -
SALESTUDIO7 LTD Company Information for the year ended 31 March 2024
Director
Dragos Anton Andras
Company Number
12494496 (England and Wales)
Registered Office
19 Eldon Avenue Borehamwood Hertfordshire WD6 1NL England
Accountants
IAB Accountants Limited 200 Selbourne Road Luton Bedfordshire LU4 8LT
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SALESTUDIO7 LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SALESTUDIO7 LTD for the year ended 31 March 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of SALESTUDIO7 LTD, as a body, in accordance with the terms of our engagement letter dated 27 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of SALESTUDIO7 LTD and state those matters that we have agreed to state to the Board of Directors of SALESTUDIO7 LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SALESTUDIO7 LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SALESTUDIO7 LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SALESTUDIO7 LTD. You consider that SALESTUDIO7 LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SALESTUDIO7 LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
IAB Accountants Limited Chartered Certified Accountants 200 Selbourne Road Luton Bedfordshire LU4 8LT 21 March 2025
- 4 -
SALESTUDIO7 LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,534 
2,289 
Current assets
Inventories
12,250 
22,385 
Debtors
4,168 
4,937 
Cash at bank and in hand
1,633 
9,497 
18,051 
36,819 
Creditors: amounts falling due within one year
(34,840)
(36,482)
Net current (liabilities)/assets
(16,789)
337 
Net (liabilities)/assets
(15,255)
2,626 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(15,256)
2,625 
Shareholders' funds
(15,255)
2,626 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 21 March 2025 and were signed on its behalf by
Dragos Anton Andras Director Company Registration No. 12494496
- 5 -
SALESTUDIO7 LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SALESTUDIO7 LTD is a private company, limited by shares, registered in England and Wales, registration number 12494496. The registered office is 19 Eldon Avenue, Borehamwood, Hertfordshire, WD6 1NL, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Computer equipment
33% - Reducing balance
- 6 -
SALESTUDIO7 LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,416 
At 31 March 2024
3,416 
Depreciation
At 1 April 2023
1,127 
Charge for the year
755 
At 31 March 2024
1,882 
Net book value
At 31 March 2024
1,534 
At 31 March 2023
2,289 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
623 
- 
Trade debtors
3,545 
4,937 
4,168 
4,937 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
849 
Trade creditors
32,293 
24,291 
Taxes and social security
(3,540)
390 
Other creditors
6,087 
10,952 
34,840 
36,482 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
The company was under the control of the director throughout the current year. Included in other creditors at the year end is an amount of £6,087 (2023: £10,937) owed to the director by the company. During the year end company paid dividend to the director of £0 (£2023: £18,000).
9
Controlling party
The ultimate controlling party is Dragos Anton Andras.
- 7 -
SALESTUDIO7 LTD Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 8 -