Company registration number 08624026 (England and Wales)
MILTON KEYNES STUDIOS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
MILTON KEYNES STUDIOS LTD
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
3,267
4,653
Current assets
119,386
153,463
Creditors: amounts falling due within one year
(168,975)
(156,549)
Net current liabilities
(49,589)
(3,086)
Total assets less current liabilities
(46,322)
1,567
Net (liabilities)/assets
(46,322)
1,567
Capital and reserves
(46,322)
1,567
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

 

The amount due from the director to the company as at 31 July 2024 amounts to £78,588 (2023 : £53,229).

2
Financial commitments, guarantees and contingencies
Operating lease commitments

At the reporting end date the company had outstanding commitments future minimum lease payments under non-cancellable operating leases,as follows:

 

2024 £385,797

 

2023 £478,388

3
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
3
3
4
Going concern

The director continue to support and he confirms they are well placed to manage the business risks carefully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Milton Keynes Studios Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Copperhouse Court, Caldecotte Business Park, Milton Keynes, Buckinghamshire, England, MK7 8NL.

MILTON KEYNES STUDIOS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
- 2 -

For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 5 March 2025
Mr M Sawtell
Director
Company registration number 08624026 (England and Wales)
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