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REGISTERED NUMBER: 10575554 (England and Wales)














Financial Statements for the Year Ended 31 January 2024

for

Traffic Jam Studio Ltd.

Traffic Jam Studio Ltd. (Registered number: 10575554)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Traffic Jam Studio Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr D J Palmer





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 10575554 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Traffic Jam Studio Ltd. (Registered number: 10575554)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 128,061 149,408

CURRENT ASSETS
Debtors 5 20,805 43,436
Cash at bank and in hand 9,322 1,874
30,127 45,310
CREDITORS
Amounts falling due within one year 6 137,667 85,522
NET CURRENT LIABILITIES (107,540 ) (40,212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,521 109,196

CREDITORS
Amounts falling due after more than one
year

7

8,370

29,530
NET ASSETS 12,151 79,666

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 50,793 50,793
Retained earnings (38,942 ) 28,573
12,151 79,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Traffic Jam Studio Ltd. (Registered number: 10575554)

Statement of Financial Position - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





Mr D J Palmer - Director


Traffic Jam Studio Ltd. (Registered number: 10575554)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Traffic Jam Studio Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 202,653 11,059 25,956 239,668
Additions - - 3,124 3,124
At 31 January 2024 202,653 11,059 29,080 242,792
DEPRECIATION
At 1 February 2023 71,772 5,311 13,177 90,260
Charge for year 19,632 863 3,976 24,471
At 31 January 2024 91,404 6,174 17,153 114,731
NET BOOK VALUE
At 31 January 2024 111,249 4,885 11,927 128,061
At 31 January 2023 130,881 5,748 12,779 149,408

Traffic Jam Studio Ltd. (Registered number: 10575554)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 16,305 38,936
Other debtors 4,500 4,500
20,805 43,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,097 12,861
Trade creditors 22,612 11,436
Taxation and social security 96,013 44,362
Other creditors 12,945 16,863
137,667 85,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 8,370 14,467
Other creditors - 15,063
8,370 29,530

8. RELATED PARTY DISCLOSURES

Mr Darren John Palmer is considered to be the key management personnel.