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Company registration number: 04270192







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


STUDIO MAKE-UP SERVICES LIMITED






































img6d28.png                        

 


STUDIO MAKE-UP SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
J P Hobbs 
C D Hobbs 




Company secretary
J P Hobbs



Registered number
04270192



Registered office
2nd Floor
Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

2nd Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


STUDIO MAKE-UP SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


STUDIO MAKE-UP SERVICES LIMITED
REGISTERED NUMBER:04270192



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
238
4,778

Investment property
 5 
120,000
120,000

  
120,238
124,778

Current assets
  

Stocks
  
5,000
5,000

Debtors: amounts falling due within one year
 6 
395,176
399,748

  
400,176
404,748

Creditors: amounts falling due within one year
 7 
(129,902)
(135,259)

Net current assets
  
 
 
270,274
 
 
269,489

Total assets less current liabilities
  
390,512
394,267

Creditors: amounts falling due after more than one year
 8 
(26,202)
(34,431)

  

Net assets
  
364,310
359,836


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
364,210
359,736

  
364,310
359,836

Page 1

 


STUDIO MAKE-UP SERVICES LIMITED
REGISTERED NUMBER:04270192


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 June 2025.




................................................
J P Hobbs
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


STUDIO MAKE-UP SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Studio Make-up Services Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The Company's principal place of business is Elstree Film Studios in Hertfordshire and Longcross Film Studios in Surrey.  The address of its registered office is disclosed on the company information page.
The Company's presentational and functional currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue consists of rental income and sale of cosmetic materials. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


STUDIO MAKE-UP SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold property improvments
-
over term of lease
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


STUDIO MAKE-UP SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
22,486
11,065
12,409
45,960



At 31 August 2024

22,486
11,065
12,409
45,960



Depreciation


At 1 September 2023
17,988
10,785
12,409
41,182


Charge for the year on owned assets
4,498
42
-
4,540



At 31 August 2024

22,486
10,827
12,409
45,722



Net book value



At 31 August 2024
-
238
-
238



At 31 August 2023
4,498
280
-
4,778


5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
120,000



At 31 August 2024
120,000

The 2024 valuations were made by the company's directors, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Other debtors
395,176
399,748

395,176
399,748


Page 5

 


STUDIO MAKE-UP SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
15,292
22,791

Bank loans
7,970
5,055

Corporation tax
-
1,119

Other creditors
102,794
102,794

Accruals and deferred income
3,846
3,500

129,902
135,259


The company's overdraft is secured by a fixed and floating charge over the company's assets.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
26,202
34,431

26,202
34,431



9.


Transactions with Directors


Brought forward
Advance/
Credit
Repaid
Carried forward
£
£
£
£

Director loan
4,414
-
(4,414)
-
4,414
-
(4,414)
-

No interest has been applied in the year.

 
Page 6