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REGISTERED NUMBER: 07373547 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Studio Nest Ltd

Studio Nest Ltd (Registered number: 07373547)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Studio Nest Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M Simpson
Mrs H Simpson





REGISTERED OFFICE: The Design Studio
Thompsons Yard
Regent Parade
Harrogate
HG1 5BA





REGISTERED NUMBER: 07373547 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

Studio Nest Ltd (Registered number: 07373547)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,657 38,340

CURRENT ASSETS
Debtors 211,051 226,601
Cash at bank and in hand 16,513 33,679
227,564 260,280
CREDITORS
Amounts falling due within one year 110,471 136,356
NET CURRENT ASSETS 117,093 123,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,750

162,264

CREDITORS
Amounts falling due after more than one
year

(37,360

)

(69,608

)

PROVISIONS FOR LIABILITIES 5 (2,234 ) (6,967 )
NET ASSETS 98,156 85,689

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 98,154 85,687
SHAREHOLDERS' FUNDS 98,156 85,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Studio Nest Ltd (Registered number: 07373547)

Abridged Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mrs H Simpson - Director


Studio Nest Ltd (Registered number: 07373547)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Studio Nest 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
Turnover 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 5 ) .

Studio Nest Ltd (Registered number: 07373547)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 135,433
Disposals (21,595 )
At 30 September 2024 113,838
DEPRECIATION
At 1 October 2023 97,093
Charge for year 7,740
Eliminated on disposal (11,652 )
At 30 September 2024 93,181
NET BOOK VALUE
At 30 September 2024 20,657
At 30 September 2023 38,340

5. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 2,234 6,967

Deferred
tax
£   
Balance at 1 October 2023 6,967
Credit to Income Statement during year (4,733 )
Balance at 30 September 2024 2,234

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

Studio Nest Ltd (Registered number: 07373547)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr M Simpson and Mrs H Simpson
Balance outstanding at start of year (20,877 ) (20,819 )
Amounts advanced (38,448 ) (181 )
Amounts repaid 59,325 123
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (20,877 )

8. RELATED PARTY DISCLOSURES

At the year end, Concordia Projects Ltd, owed the company £186,453. Mr M Simpson & Mrs H Simpson were both directors of this company. The loan is interest free.