2023-09-01 SC640215 2024-08-31 SC640215 2023-09-01 2024-08-31 SC640215 2023-08-31 SC640215 2022-09-01 2023-08-31 SC640215 uk-core:WithinOneYear 2023-08-31 SC640215 uk-core:WithinOneYear 2024-08-31 SC640215 uk-core:ShareCapital 2024-08-31 SC640215 uk-core:ShareCapital 2023-08-31 SC640215 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC640215 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC640215 uk-bus:Director1 2023-09-01 2024-08-31 SC640215 uk-core:ComputerEquipment 2023-09-01 2024-08-31 SC640215 uk-core:FurnitureFittings 2023-09-01 2024-08-31 SC640215 uk-core:ComputerEquipment 2023-08-31 SC640215 uk-core:FurnitureFittings 2023-08-31 SC640215 uk-core:FurnitureFittings 2024-08-31 SC640215 uk-core:ComputerEquipment 2024-08-31 SC640215 uk-core:WithinOneYear 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure SC640215 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC640215 uk-bus:FRS102 2023-09-01 2024-08-31 SC640215 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 SC640215 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Studio IMA Ltd
Registered Number:SC640215
For the year ended 31 August 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 August 2024
Studio IMA Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC640215
As at 31 August 2024
Studio IMA Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
5,128
3,471
2
5,128
3,471
Current assets
Trade and other receivables
22,552
27,526
3
64,744
Cash and cash equivalents
116,266
143,792
87,296
Trade and other payables: amounts falling due within one
year
(23,700)
(51,437)
4
63,596
92,355
Net current assets
Total assets less current liabilities
97,483
67,067
97,483
Net assets
67,067
Capital and reserves
Called up share capital
100
100
Retained earnings
97,383
66,967
97,483
67,067
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Iain MacLeod Director
These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 August 2024
Studio IMA Ltd
Notes to the Financial Statements
Statutory Information
Studio IMA Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC640215.
Registered address:
21 Morton Street
Joppa
Edinburgh
EH15 2HN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
25% Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 September 2023
7,163
4,062
3,101
3,366
-
3,366
Additions
At 31 August 2024
6,467
4,062
10,529
Provision for depreciation and impairment
At 01 September 2023
3,692
2,762
930
Charge for year
1,709
325
1,384
At 31 August 2024
5,401
3,087
2,314
At 31 August 2024
Net book value
4,153
975
5,128
At 31 August 2023
2,171
1,300
3,471
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5
For the year ended 31 August 2024
Studio IMA Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Amounts owed by group undertakings and participating interests
27,511
22,552
Other debtors
15
-
22,552
27,526
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
37,420
11,266
Other creditors
14,017
12,434
51,437
23,700
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5. Average number of persons employed
During the year the average number of employees was 4 (2023 : 2)
3 of 3