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Company Registration No. 09748069 (England and Wales)
Steve Davies Studio Ltd Unaudited accounts for the year ended 31 August 2024
Steve Davies Studio Ltd Unaudited accounts Contents
Page
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Steve Davies Studio Ltd Company Information for the year ended 31 August 2024
Director
David Steven Davies
Company Number
09748069 (England and Wales)
Registered Office
C/O Anthony Daniel Associates 10 Julian Place London E14 3AT England
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Steve Davies Studio Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
923 
507 
Current assets
Inventories
60,364 
72,915 
Debtors
9,570 
22,574 
Cash at bank and in hand
4,914 
7,305 
74,848 
102,794 
Creditors: amounts falling due within one year
(53,821)
(81,108)
Net current assets
21,027 
21,686 
Total assets less current liabilities
21,950 
22,193 
Creditors: amounts falling due after more than one year
(2,000)
(4,400)
Net assets
19,950 
17,793 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,949 
17,792 
Shareholders' funds
19,950 
17,793 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2025 and were signed on its behalf by
David Steven Davies Director Company Registration No. 09748069
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Steve Davies Studio Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Steve Davies Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 09748069. The registered office is C/O Anthony Daniel Associates, 10 Julian Place, London, E14 3AT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
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Steve Davies Studio Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
7,088 
Additions
789 
At 31 August 2024
7,877 
Depreciation
At 1 September 2023
6,581 
Charge for the year
373 
At 31 August 2024
6,954 
Net book value
At 31 August 2024
923 
At 31 August 2023
507 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,570 
22,574 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,400 
2,400 
Trade creditors
12,032 
16,531 
Taxes and social security
2,656 
4,377 
Other creditors
4,512 
3,293 
Loans from directors
31,471 
53,757 
Accruals
750 
750 
53,821 
81,108 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,000 
4,400 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
The ultimate controlling party is Mr. David Steven Davies, who is the sole director and holds one hundred percent of the company shares.
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Steve Davies Studio Ltd Notes to the Accounts for the year ended 31 August 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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