Company Registration No. 13840638 (England and Wales)
Studiosidechain Ltd
Unaudited accounts
for the year ended 31 August 2024
Studiosidechain Ltd
Unaudited accounts
Contents
Studiosidechain Ltd
Company Information
for the year ended 31 August 2024
Director
Rebecca Claudia Perfect
Company Number
13840638 (England and Wales)
Registered Office
14 Braxted Park
London
London
SW16 3DW
England
Accountants
Collective Concepts Accounting Ltd
Studiosidechain Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
2,063
2,483
Cash at bank and in hand
10,493
10,194
Creditors: amounts falling due within one year
(14,393)
(8,358)
Net current (liabilities)/assets
(2,372)
4,173
Called up share capital
10
10
Profit and loss account
98
7,377
Shareholders' funds
108
7,387
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 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 28 May 2025 and were signed on its behalf by
Rebecca Claudia Perfect
Director
Company Registration No. 13840638
Studiosidechain Ltd
Notes to the Accounts
for the year ended 31 August 2024
Studiosidechain Ltd is a private company, limited by shares, registered in England and Wales, registration number 13840638. The registered office is 14 Braxted Park, London, London, SW16 3DW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets such as digital assets are included using the revaluation model, this being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Computer equipment
33% Straight line method
The financial statement have been prepared on a going concern basis on the grounds that the Director has confirmed she
will continue to support the company
Studiosidechain Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
165
82
Studiosidechain Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
3,090
-
Taxes and social security
-
7,364
Loans from directors
11,053
13
8
Transactions with related parties
At the end of the year The entity owed to below Related parties,
£3,090 (2023: Nil) to Lumino Solutions Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).