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STUDIO 8 MUSIC LIMITED

Registered Number
08198608
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

STUDIO 8 MUSIC LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

Bryan Adrian Edery

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

08198608 (England and Wales)
STUDIO 8 MUSIC LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets326,54629,495
26,54629,495
Current assets
Debtors43,095-
Cash at bank and on hand69417,273
3,78917,273
Creditors amounts falling due within one year5(8,803)(17,612)
Net current assets (liabilities)(5,014)(339)
Total assets less current liabilities21,53229,156
Creditors amounts falling due after one year6(21,095)(23,079)
Net assets4376,077
Capital and reserves
Called up share capital33
Profit and loss account4346,074
Shareholders' funds4376,077
The financial statements were approved and authorised for issue by the Director on 4 April 2025, and are signed on its behalf by:
Bryan Adrian Edery
Director
Registered Company No. 08198608
STUDIO 8 MUSIC LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 October 2329,49529,495
At 30 September 2429,49529,495
Depreciation and impairment
Charge for year2,9492,949
At 30 September 242,9492,949
Net book value
At 30 September 2426,54626,546
At 30 September 2329,49529,495
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests3,095-
Total3,095-
Included in Debtors is an amount due from the Director of £3,095 (2023 £541 due to the director) this has been subsequently repaid.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,3624,593
Amounts owed to related parties-541
Taxation and social security5,2332,380
Accrued liabilities and deferred income1,20810,098
Total8,80317,612
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts21,09523,079
Total21,09523,079