1 January 2024 false No description of principal activity Taxfiler 2024.6 14076703business:PrivateLimitedCompanyLtd2024-01-012024-12-31 140767032023-12-31 140767032024-01-012024-12-31 14076703business:AuditExemptWithAccountantsReport2024-01-012024-12-31 14076703business:FilletedAccounts2024-01-012024-12-31 140767032024-12-31 14076703business:Director12024-01-012024-12-31 14076703business:RegisteredOffice2024-01-012024-12-31 140767032023-12-31 14076703core:WithinOneYear2024-12-31 14076703core:WithinOneYear2023-12-31 14076703core:AfterOneYear2024-12-31 14076703core:AfterOneYear2023-12-31 14076703core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 14076703core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14076703core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 14076703core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14076703core:PreviouslyStatedAmount2024-12-31 14076703core:PreviouslyStatedAmount2023-12-31 14076703business:SmallEntities2024-01-012024-12-31 14076703countries:EnglandWales2024-01-012024-12-31 14076703core:LandBuildings2024-01-012024-12-31 14076703core:PlantMachinery2024-01-012024-12-31 14076703core:LandBuildings2023-12-31 14076703core:PlantMachinery2023-12-31 14076703core:LandBuildings2024-12-31 14076703core:PlantMachinery2024-12-31 140767032023-05-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14076703 (England and Wales)
Crank Studios Limited Unaudited accounts for the year ended 31 December 2024
Crank Studios Limited Unaudited accounts Contents
Page
- 2 -
Crank Studios Limited Company Information for the year ended 31 December 2024
Director
Mollie Targett
Company Number
14076703 (England and Wales)
Registered Office
Crank Studios Ltd 1 Beryl Burton Gardens Morley Leeds West Yorkshire LS27 9FN England
Accountants
Simpson Accounting Services 38 Kellington Lane Eggborough North Yorkshire DN14 0LB
- 3 -
Crank Studios Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
115,903 
63,158 
Current assets
Debtors
(10,060)
4,212 
Cash at bank and in hand
2,842 
22,819 
(7,218)
27,031 
Creditors: amounts falling due within one year
(64,392)
(16,102)
Net current (liabilities)/assets
(71,610)
10,929 
Total assets less current liabilities
44,293 
74,087 
Creditors: amounts falling due after more than one year
(118,886)
(101,161)
Net liabilities
(74,593)
(27,074)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(74,693)
(27,174)
Shareholders' funds
(74,593)
(27,074)
For the year ending 31 December 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 her 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 22 May 2025 and were signed on its behalf by
Mollie Targett Director Company Registration No. 14076703
- 4 -
Crank Studios Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Crank Studios Limited is a private company, limited by shares, registered in England and Wales, registration number 14076703. The registered office is Crank Studios Ltd, 1 Beryl Burton Gardens, Morley, Leeds, West Yorkshire, LS27 9FN, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. No depreciation is provided for in the year of acquisition:
Land & buildings
10% Straight Line
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
11,717 
51,441 
63,158 
Additions
60,425 
3,781 
64,206 
At 31 December 2024
72,142 
55,222 
127,364 
Depreciation
Charge for the year
1,172 
10,289 
11,461 
At 31 December 2024
1,172 
10,289 
11,461 
Net book value
At 31 December 2024
70,970 
44,933 
115,903 
At 31 December 2023
11,717 
51,441 
63,158 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(12,464)
1,574 
Trade debtors
2,404 
2,638 
(10,060)
4,212 
- 5 -
Crank Studios Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
62,804 
233 
Taxes and social security
303 
309 
Accruals
1,285 
15,560 
64,392 
16,102 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
55,642 
40,000 
Loans from directors
63,244 
61,161 
118,886 
101,161 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -