for the Period Ended 31 August 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Footnotes to the Balance Sheet - 8 |
for the Period Ended 31 August 2024
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The directors present their report with the financial statements of the company for the period ended 31 August 2024
Principal Activities
Additional information
Director’s Report for SchmidtStudios LTD For the Year Ended 2024 Introduction The director of SchmidtStudios LTD presents this annual report for the financial year ending 2024. This report provides an overview of the company’s performance, key challenges, and future outlook. Business Performance During the financial year 2023 to 2024, the business faced significant challenges due to personal health conditions and those of family members. As a result, priority was given to family over business operations, leading to a decline in performance. Revenue and client bookings were impacted, and business activities were scaled down to accommodate personal circumstances. Key Developments Operational Challenges: Due to health-related issues, the business had to operate at a reduced capacity, affecting overall growth and revenue. Limited Client Engagement: With reduced availability, the ability to take on new clients and maintain regular operations was constrained. Financial Impact: The slowdown in business activities resulted in lower-than-expected financial performance. Financial Overview The financial results for the year reflect the impact of the reduced business activity. Despite the challenges, the company has managed to sustain its operations and maintain financial stability, albeit at a lower revenue level than anticipated. Future Outlook Looking ahead, SchmidtStudios LTD aims to regain momentum by gradually resuming operations. Efforts will be made to rebuild client relationships, expand service offerings, and implement strategic marketing initiatives to recover from the setbacks of the past year. Acknowledgements As the sole director and employee of the company, I acknowledge the difficulties faced during the year and express gratitude to loyal clients and business partners for their understanding and continued support. With improved personal circumstances, the company looks forward to a more productive and successful year ahead. Approved by Jonatan Schmidt Director 31.03.2025
Directors
The directors shown below have held office during the whole of the period from 01 September 2023 to 31 August 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 August 2024
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
for the Period Ended 31 August 2024