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ELEMENT STUDIO LTD

Registered Number
09205638
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

ELEMENT STUDIO LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

COATES, Liam
DAVIES, Phillip John
THORNHILL, Daryl Wayne James

Registered Address

First Floor Offices
16 Imperial Square
Cheltenham
GL50 1QZ

Registered Number

09205638 (England and Wales)
ELEMENT STUDIO LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets311,16812,052
11,16812,052
Current assets
Debtors2,1307,271
Cash at bank and on hand557,963399,176
560,093406,447
Creditors amounts falling due within one year4(136,579)(111,605)
Net current assets (liabilities)423,514294,842
Total assets less current liabilities434,682306,894
Net assets434,682306,894
Capital and reserves
Called up share capital33
Profit and loss account434,679306,891
Shareholders' funds434,682306,894
The financial statements were approved and authorised for issue by the Board of Directors on 16 April 2025, and are signed on its behalf by:
DAVIES, Phillip John
Director
Registered Company No. 09205638
ELEMENT STUDIO LTD
Notes to the Financial Statements
for the year ended 31 March 2025

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:
2.Average number of employees

20252024
Average number of employees during the year88
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 2449,34049,340
Additions5,8525,852
At 31 March 2555,19255,192
Depreciation and impairment
At 01 April 2437,28837,288
Charge for year6,7366,736
At 31 March 2544,02444,024
Net book value
At 31 March 2511,16811,168
At 31 March 2412,05212,052
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables1,4871,041
Bank borrowings and overdrafts6,29411,343
Taxation and social security126,79997,570
Accrued liabilities and deferred income1,9991,651
Total136,579111,605