Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 April 2023 false 28 March 2025 1 January 2024 31 December 2024 31 December 2024 04687626 Mr Steven Cross Mr Torsten Oppermann Mr Markus Oeller 1SP Agency Holding GmbH true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04687626 2023-12-31 04687626 2024-12-31 04687626 2024-01-01 2024-12-31 04687626 frs-core:CurrentFinancialInstruments 2024-12-31 04687626 frs-core:Non-currentFinancialInstruments 2024-12-31 04687626 frs-core:BetweenOneFiveYears 2024-12-31 04687626 frs-core:ComputerEquipment 2024-12-31 04687626 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04687626 frs-core:ComputerEquipment 2023-12-31 04687626 frs-core:FurnitureFittings 2024-12-31 04687626 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04687626 frs-core:FurnitureFittings 2023-12-31 04687626 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04687626 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04687626 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04687626 frs-core:MoreThanFiveYears 2024-12-31 04687626 frs-core:PlantMachinery 2024-12-31 04687626 frs-core:PlantMachinery 2024-01-01 2024-12-31 04687626 frs-core:PlantMachinery 2023-12-31 04687626 frs-core:WithinOneYear 2024-12-31 04687626 frs-core:ShareCapital 2024-12-31 04687626 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04687626 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04687626 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04687626 frs-bus:SmallEntities 2024-01-01 2024-12-31 04687626 frs-bus:Audited 2024-01-01 2024-12-31 04687626 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04687626 1 2024-01-01 2024-12-31 04687626 frs-bus:Director1 2024-01-01 2024-12-31 04687626 frs-bus:Director2 2024-01-01 2024-12-31 04687626 frs-bus:Director3 2024-01-01 2024-12-31 04687626 frs-bus:Director4 2024-01-01 2024-12-31 04687626 frs-countries:EnglandWales 2024-01-01 2024-12-31 04687626 2023-03-31 04687626 2023-12-31 04687626 2023-04-01 2023-12-31 04687626 frs-core:CurrentFinancialInstruments 2023-12-31 04687626 frs-core:Non-currentFinancialInstruments 2023-12-31 04687626 frs-core:BetweenOneFiveYears 2023-12-31 04687626 frs-core:MoreThanFiveYears 2023-12-31 04687626 frs-core:WithinOneYear 2023-12-31 04687626 frs-core:ShareCapital 2023-12-31 04687626 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04687626
Studio CO2 Limited
Financial Statements
For The Year Ended 31 December 2024
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—6
Page 1
Company Information
Directors Mr Steven Cross
Mr Torsten Oppermann
Mr Markus Oeller
1SP Agency Holding GmbH
Company Number 04687626
Registered Office Cheyenne House
West Street
Farnham
Surrey
GU9 7EQ
Accountants JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Auditors Shaw Gibbs (Audit) Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
Page 1
Page 2
Balance Sheet
Registered number: 04687626
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,108 86,953
50,108 86,953
CURRENT ASSETS
Debtors 5 768,553 941,792
Cash at bank and in hand 407,069 98,101
1,175,622 1,039,893
Creditors: Amounts Falling Due Within One Year 6 (453,530 ) (593,254 )
NET CURRENT ASSETS (LIABILITIES) 722,092 446,639
TOTAL ASSETS LESS CURRENT LIABILITIES 772,200 533,592
Creditors: Amounts Falling Due After More Than One Year 7 - (14,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,191 ) (12,733 )
NET ASSETS 766,009 506,192
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 766,007 506,190
SHAREHOLDERS' FUNDS 766,009 506,192
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Cross
Director
27/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Studio CO2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04687626 . The registered office is Cheyenne House, West Street, Farnham, Surrey, GU9 7EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives, once the assets have been brought in to use on the following bases:
Leasehold Over the 10 year term of the lease
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33.3% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was 24 (2023: 22)
24 22
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 24,166 6,013 60,418 212,218 302,815
Additions - - - 4,307 4,307
As at 31 December 2024 24,166 6,013 60,418 216,525 307,122
Depreciation
As at 1 January 2024 4,229 5,641 34,737 171,255 215,862
Provided during the period 2,417 165 8,901 29,669 41,152
As at 31 December 2024 6,646 5,806 43,638 200,924 257,014
Net Book Value
As at 31 December 2024 17,520 207 16,780 15,601 50,108
As at 1 January 2024 19,937 372 25,681 40,963 86,953
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 527,634 744,809
Amounts owed by group undertakings 28,804 4,911
Other debtors 183,528 163,485
739,966 913,205
Due after more than one year
Other debtors 28,587 28,587
768,553 941,792
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6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 110,667 129,594
Bank loans and overdrafts - 8,000
Amounts owed to group undertakings 6,204 37,801
Other creditors 195,260 349,821
Taxation and social security 141,399 68,038
453,530 593,254
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bounce back loan - 14,667
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024 31 December 2023
£ £
Not later than one year 95,289 95,289
Later than one year and not later than five years 381,156 381,156
Later than five years 214,400 309,689
690,845 786,134
10. Pension Commitments
The company operates a defined contribution 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 £59,868 (December 2023 - £44,077). There were nil contributions payable to the fund at the reporting date. (December2023 - £43)
11. Related Party Transactions
The company has taken an advantage of the exemption conferred by Financial Reporting Standard 102 not to disclose transactions with members of the group headed by 1SP Agency Holding GmbH on the grounds that 100% of the voting rights in the company are controlled within that group.
12. Ultimate Controlling Party
As of 9 May 2023, the ultimate Parent Undertaking is 1SP Agency Holding GmbH, a company incorporated in Germany.  It has included the company in its group accounts, copies of which are available from its registered office: Hamburger Strabe 11, 22083, Hamburg, Germany.
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13. Audit Information
The auditor's report on the accounts of Studio CO2 Limited for the year ended 31 December 2024 was unqualified.
The report was signed on the 28th of March 2025.
The auditor's report was signed by Stephen Morgan FCA , Statutory Auditor.
Shaw Gibbs (Audit) Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
Page 6