Veam Studios Ltd Filleted Accounts Cover
Registered number
07356653
Veam Studios Ltd
Filleted Accounts
31 August 2024
Veam Studios Ltd Balance Sheet Registrar
at
31 August 2024
Company No.
07356653
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
17,96722,903
17,96722,903
Current assets
Debtors
5
83,201
80,181
Cash at bank and in hand
366,541
389,086
449,742
469,267
Creditors: Amount falling due within one year
6
(104,686)
()
(139,210)
()
Net current assets
345,056
330,057
Total assets less current liabilities
363,023352,960
Creditors: Amounts falling due after more than one year
7
(12,788)
(21,653)
Net assets
350,235331,307
Capital and reserves
Called up share capital
100100
Profit and loss account
8
350,135331,207
Total equity
350,235331,307
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 May 2025 and signed on its behalf by:
H. Thompson
Director
13 May 2025
Veam Studios Ltd Notes to the Accounts Registrar
for the year ended 31 August 2024
1
General information
Veam Studios Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07356653
Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill
Ilford, Essex
IG2 6UF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% reducing balance
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
76
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 September 2023
80,3197,44787,766
Additions
9,641-9,641
At 31 August 2024
89,9607,44797,407
Depreciation
At 1 September 2023
60,0464,81764,863
Charge for the year
13,92065714,577
At 31 August 2024
73,9665,47479,440
Net book values
At 31 August 2024
15,9941,97317,967
At 31 August 2023
20,273
2,630
22,903
5
Debtors
2024
2023
£
£
Other debtors
83,20180,181
83,20180,181
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,76410,801
Trade creditors
6,9486,688
Taxes and social security
20,001
46,528
Loans from directors
46,36254,243
Other creditors
21,61120,950
104,686139,210
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loan due to Covid-19
12,78821,653
12,78821,653
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
18,750
80,000
18,750
80,000
Dividends by type:
Equity dividends
18,75080,000
18,750
80,000
Veam Studios Ltd0735665331 August 202401 September 2023false13 May 2025BTCSoftware AP Solution 2025 12.1.0212.1.0283,20180,181366,541389,086449,742469,267104,686139,210true073566532023-09-012024-08-31073566532024-08-31073566532023-08-3107356653core:WithinOneYear2024-08-3107356653core:WithinOneYear2023-08-3107356653core:AfterOneYear2024-08-3107356653core:AfterOneYear2023-08-3107356653core:ShareCapital2024-08-3107356653core:ShareCapital2023-08-3107356653core:RetainedEarningsAccumulatedLosses2024-08-3107356653core:RetainedEarningsAccumulatedLosses2023-08-3107356653countries:UnitedKingdom2023-09-012024-08-3107356653bus:RegisteredOffice2023-09-012024-08-3107356653core:PlantMachinery2023-09-012024-08-31073566532022-09-012023-08-3107356653core:PlantMachinery2023-09-0107356653core:FurnitureFittingsToolsEquipment2023-09-01073566532023-09-0107356653core:FurnitureFittingsToolsEquipment2023-09-012024-08-3107356653core:PlantMachinery2024-08-3107356653core:FurnitureFittingsToolsEquipment2024-08-3107356653core:RetainedEarningsAccumulatedLosses2023-09-012024-08-3107356653bus:AllOrdinaryShares2023-09-012024-08-3107356653bus:SmallEntities2023-09-012024-08-3107356653bus:FullAccounts2023-09-012024-08-3107356653bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3107356653bus:Director22023-09-012024-08-3107356653bus:PrivateLimitedCompanyLtd2023-09-012024-08-31iso4217:GBPxbrli:pure