Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31falsefalse2023-08-01Design and art practise specialising in material research11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10307737 2023-08-01 2024-07-31 10307737 2022-08-01 2023-07-31 10307737 2024-07-31 10307737 2023-07-31 10307737 c:Director1 2023-08-01 2024-07-31 10307737 d:PlantMachinery 2023-08-01 2024-07-31 10307737 d:PlantMachinery 2024-07-31 10307737 d:PlantMachinery 2023-07-31 10307737 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10307737 d:OfficeEquipment 2024-07-31 10307737 d:OfficeEquipment 2023-07-31 10307737 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10307737 d:ComputerEquipment 2024-07-31 10307737 d:ComputerEquipment 2023-07-31 10307737 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10307737 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10307737 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10307737 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10307737 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 10307737 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 10307737 d:ShareCapital 2024-07-31 10307737 d:ShareCapital 2023-07-31 10307737 d:RetainedEarningsAccumulatedLosses 2024-07-31 10307737 d:RetainedEarningsAccumulatedLosses 2023-07-31 10307737 c:FRS102 2023-08-01 2024-07-31 10307737 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10307737 c:FullAccounts 2023-08-01 2024-07-31 10307737 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10307737 6 2023-08-01 2024-07-31 10307737 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 10307737


MARCIN RUSAK STUDIO LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


















img3f1e.png
                                      
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
MARCIN RUSAK STUDIO LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARCIN RUSAK STUDIO LTD
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MARCIN RUSAK STUDIO LTD for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of MARCIN RUSAK STUDIO LTD in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MARCIN RUSAK STUDIO LTD and state those matters that we have agreed to state to the director of MARCIN RUSAK STUDIO LTD in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MARCIN RUSAK STUDIO LTD and its director for our work or for this report. 

It is your duty to ensure that MARCIN RUSAK STUDIO LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MARCIN RUSAK STUDIO LTD. You consider that MARCIN RUSAK STUDIO LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of MARCIN RUSAK STUDIO LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
 
Chartered Accountants
  
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
29 April 2025
Page 1

 
MARCIN RUSAK STUDIO LTD
REGISTERED NUMBER: 10307737

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
10,798
13,654

Investments
  
61,418
61,341

  
72,216
74,995

Current assets
  

Debtors
  
398
21,991

Cash at bank and in hand
  
1,395
305

  
1,793
22,296

Creditors: amounts falling due within one year
  
(15,214)
(19,105)

Net current (liabilities)/assets
  
 
 
(13,421)
 
 
3,191

Total assets less current liabilities
  
58,795
78,186

Creditors: amounts falling due after more than one year
  
(10,000)
(19,998)

Provisions for liabilities
  

Deferred tax
  
(2,100)
(2,600)

  
 
 
(2,100)
 
 
(2,600)

Net assets
  
46,695
55,588


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
46,595
55,488

  
46,695
55,588


Page 2

 
MARCIN RUSAK STUDIO LTD
REGISTERED NUMBER: 10307737
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2025.




Mr M Rusak
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MARCIN RUSAK STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


Statutory information

Marcin Rusak Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number 10307737 is and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
MARCIN RUSAK STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to the income statement.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
MARCIN RUSAK STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 August 2023
39,537
1,119
9,932
50,588



At 31 July 2024

39,537
1,119
9,932
50,588



Depreciation


At 1 August 2023
29,621
-
7,313
36,934


Charge for the year
1,983
-
873
2,856



At 31 July 2024

31,604
-
8,186
39,790



Net book value



At 31 July 2024
7,933
1,119
1,746
10,798



At 31 July 2023
9,916
1,119
2,619
13,654

Page 6

 
MARCIN RUSAK STUDIO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 August 2023
61,341


Foreign exchange movement
77



At 31 July 2024
61,418






Net book value



At 31 July 2024
61,418



At 31 July 2023
61,341

The company owns 90% of the issued share capital of Marcin Rusak Studio Spolka z Ograniczona
Odpowiedzialnoscia, a company incorporated in Poland.

 
Page 7