2 2 Tall Studios Limited 07415821 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is software development. Digita Accounts Production Advanced 6.30.9574.0 true 07415821 2023-11-01 2024-10-31 07415821 2024-10-31 07415821 core:CurrentFinancialInstruments 2024-10-31 07415821 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07415821 core:FurnitureFittingsToolsEquipment 2024-10-31 07415821 bus:SmallEntities 2023-11-01 2024-10-31 07415821 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07415821 bus:FilletedAccounts 2023-11-01 2024-10-31 07415821 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07415821 bus:RegisteredOffice 2023-11-01 2024-10-31 07415821 bus:Director1 2023-11-01 2024-10-31 07415821 bus:Director2 2023-11-01 2024-10-31 07415821 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07415821 bus:Agent1 2023-11-01 2024-10-31 07415821 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 07415821 core:OfficeEquipment 2023-11-01 2024-10-31 07415821 countries:EnglandWales 2023-11-01 2024-10-31 07415821 2023-10-31 07415821 core:FurnitureFittingsToolsEquipment 2023-10-31 07415821 2022-11-01 2023-10-31 07415821 2023-10-31 07415821 core:CurrentFinancialInstruments 2023-10-31 07415821 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07415821 core:FurnitureFittingsToolsEquipment 2023-10-31 xbrli:pure iso4217:GBP

Registration number: 07415821

Tall Studios Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Tall Studios Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Tall Studios Limited

Company Information

Directors

Mrs K D Reynolds

Mr J R Reynolds

Registered office

10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Accountants

Xeinadin
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Tall Studios Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tall Studios Limited for the year ended 31 October 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Tall Studios Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Tall Studios Limited and state those matters that we have agreed to state to the Board of Directors of Tall Studios Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tall Studios Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tall Studios Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tall Studios Limited. You consider that Tall Studios Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tall Studios Limited. 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 accounts.

......................................


Xeinadin
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

8 May 2025

 

Tall Studios Limited

(Registration number: 07415821)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

408

612

Current assets

 

Debtors

5

107

241

Cash at bank and in hand

 

4,813

6,669

 

4,920

6,910

Creditors: Amounts falling due within one year

6

(14,191)

(8,205)

Net current liabilities

 

(9,271)

(1,295)

Total assets less current liabilities

 

(8,863)

(683)

Provisions for liabilities

(78)

(116)

Net liabilities

 

(8,941)

(799)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(8,943)

(801)

Shareholders' deficit

 

(8,941)

(799)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Tall Studios Limited

(Registration number: 07415821)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

.........................................
Mrs K D Reynolds
Director

 

Tall Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

These financial statements were authorised for issue by the Board on 8 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Tall Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Tall Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Tall Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

5,752

5,752

At 31 October 2024

5,752

5,752

Depreciation

At 1 November 2023

5,140

5,140

Charge for the year

204

204

At 31 October 2024

5,344

5,344

Carrying amount

At 31 October 2024

408

408

At 31 October 2023

612

612

5

Debtors

2024
£

2023
£

Trade debtors

-

160

Other debtors

107

81

107

241

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

997

996

Other creditors

13,194

7,209

14,191

8,205