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REGISTERED NUMBER: 04880324 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Studio 1 (Design And Production
Services) Limited

Studio 1 (Design And Production
Services) Limited (Registered number: 04880324)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Studio 1 (Design And Production
Services) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D Houseman
Mrs T Houseman





SECRETARY: Mrs T Houseman





REGISTERED OFFICE: Studio One, Unit One South Barn
The Old Stables
Harrogate
North Yorkshire
HG1 2LZ





REGISTERED NUMBER: 04880324 (England and Wales)





ACCOUNTANTS: SMH BCL Accountants Ltd
2, Pavilion Business Park
Royds Hall Road
Lower Wortley
Leeds
LS12 6AJ

Studio 1 (Design And Production
Services) Limited (Registered number: 04880324)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 557,269 574,278
Investments 5 111,190 105,200
668,459 679,478

CURRENT ASSETS
Stocks 3,813 5,848
Debtors 6 37,362 50,222
Cash at bank 258,176 362,624
299,351 418,694
CREDITORS
Amounts falling due within one year 7 73,538 112,856
NET CURRENT ASSETS 225,813 305,838
TOTAL ASSETS LESS CURRENT LIABILITIES 894,272 985,316

CREDITORS
Amounts falling due after more than one
year

8

(89,073

)

(120,246

)

PROVISIONS FOR LIABILITIES (5,278 ) (8,420 )
NET ASSETS 799,921 856,650

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 799,821 856,550
SHAREHOLDERS' FUNDS 799,921 856,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 1 (Design And Production
Services) Limited (Registered number: 04880324)

Balance Sheet - continued
31 August 2024


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

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 13 May 2025 and were signed on its behalf by:





Mr D Houseman - Director


Studio 1 (Design And Production
Services) Limited (Registered number: 04880324)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Studio 1 (Design And Production Services) Limited 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Studio 1 (Design And Production
Services) Limited (Registered number: 04880324)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 627,394 20,853 54,743
Additions - 1,083 1,861
At 31 August 2024 627,394 21,936 56,604
DEPRECIATION
At 1 September 2023 99,307 4,008 40,065
Charge for year 12,548 426 3,918
At 31 August 2024 111,855 4,434 43,983
NET BOOK VALUE
At 31 August 2024 515,539 17,502 12,621
At 31 August 2023 528,087 16,845 14,678

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 17,552 18,735 23,818 763,095
Additions - - 2,172 5,116
At 31 August 2024 17,552 18,735 25,990 768,211
DEPRECIATION
At 1 September 2023 13,140 12,847 19,450 188,817
Charge for year 662 1,178 3,393 22,125
At 31 August 2024 13,802 14,025 22,843 210,942
NET BOOK VALUE
At 31 August 2024 3,750 4,710 3,147 557,269
At 31 August 2023 4,412 5,888 4,368 574,278

Studio 1 (Design And Production
Services) Limited (Registered number: 04880324)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 105,200
Revaluations 5,990
At 31 August 2024 111,190
NET BOOK VALUE
At 31 August 2024 111,190
At 31 August 2023 105,200

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2023 105,200
Valuation in 2024 5,990
111,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,356 45,795
Other debtors 7,006 4,427
37,362 50,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,421 32,421
Hire purchase contracts - 844
Trade creditors 6,631 2,602
Taxation and social security 26,855 66,381
Other creditors 7,631 10,608
73,538 112,856

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 89,073 120,246

Studio 1 (Design And Production
Services) Limited (Registered number: 04880324)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 31,971 37,140

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of their shareholdings.