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REGISTERED NUMBER: NI695632 (Northern Ireland)











Studio A1 Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025






Studio A1 Ltd (Registered number: NI695632)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Studio A1 Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: C Greda





REGISTERED OFFICE: 1 Church Square
Banbridge
BT32 4AS





REGISTERED NUMBER: NI695632 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Studio A1 Ltd

Report of the Accountants to the Director of
Studio A1 Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


28 May 2025

Studio A1 Ltd (Registered number: NI695632)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,787 2,278

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 4,500 -
Cash at bank 118,321 49,961
125,821 52,961
CREDITORS
Amounts falling due within one year 6 48,508 24,485
NET CURRENT ASSETS 77,313 28,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,100

30,754

PROVISIONS FOR LIABILITIES 7,750 433
NET ASSETS 110,350 30,321

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,250 30,221
SHAREHOLDERS' FUNDS 110,350 30,321

Studio A1 Ltd (Registered number: NI695632)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 May 2025 and were signed by:





C Greda - Director


Studio A1 Ltd (Registered number: NI695632)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Studio A1 Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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

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 A1 Ltd (Registered number: NI695632)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2024 - 2,863 2,863
Additions 81,875 5,581 87,456
Disposals (38,750 ) - (38,750 )
At 31 March 2025 43,125 8,444 51,569
DEPRECIATION
At 1 April 2024 - 585 585
Charge for year 8,646 1,572 10,218
Eliminated on disposal (21 ) - (21 )
At 31 March 2025 8,625 2,157 10,782
NET BOOK VALUE
At 31 March 2025 34,500 6,287 40,787
At 31 March 2024 - 2,278 2,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,500 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 5,246 -
Trade creditors 7,000 -
Taxation and social security 13,341 10,270
Other creditors 22,921 14,215
48,508 24,485