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Company Registration No. 07425663 (England and Wales)
Commission Studio Ltd. Unaudited accounts for the year ended 31 October 2024
Commission Studio Ltd. Unaudited accounts Contents
Page
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Commission Studio Ltd. Company Information for the year ended 31 October 2024
Directors
Mr David Mcfarline Mr Christopher Moorby
Company Number
07425663 (England and Wales)
Registered Office
8 HOLDRON STREET LONDON SE15 2FH ENGLAND
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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Commission Studio Ltd. Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
433,456 
1,066,359 
Current assets
Debtors
1,075,867 
443,134 
Cash at bank and in hand
178,279 
72,793 
1,254,146 
515,927 
Creditors: amounts falling due within one year
(377,671)
(224,341)
Net current assets
876,475 
291,586 
Total assets less current liabilities
1,309,931 
1,357,945 
Creditors: amounts falling due after more than one year
(431,932)
(430,923)
Provisions for liabilities
Deferred tax
(16,053)
(6,697)
Net assets
861,946 
920,325 
Capital and reserves
Called up share capital
213 
200 
Profit and loss account
861,733 
920,125 
Shareholders' funds
861,946 
920,325 
For the year ending 31 October 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 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 of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by
Mr David Mcfarline Director Company Registration No. 07425663
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Commission Studio Ltd. Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Commission Studio Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07425663. The registered office is 8 HOLDRON STREET, LONDON, SE15 2FH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
964,970 
99,614 
91,369 
1,155,953 
Additions
- 
1,266 
2,273 
3,539 
Disposals
(616,000)
- 
- 
(616,000)
At 31 October 2024
348,970 
100,880 
93,642 
543,492 
Depreciation
At 1 November 2023
- 
29,273 
60,321 
89,594 
Charge for the year
- 
14,118 
6,324 
20,442 
At 31 October 2024
- 
43,391 
66,645 
110,036 
Net book value
At 31 October 2024
348,970 
57,489 
26,997 
433,456 
At 31 October 2023
964,970 
70,341 
31,048 
1,066,359 
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Commission Studio Ltd. Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,021 
152,387 
Trade debtors
64,502 
144,819 
Accrued income and prepayments
23,022 
22,364 
Other debtors
123,564 
123,564 
217,109 
443,134 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
858,758 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
103,776 
103,776 
Trade creditors
33,556 
63,009 
Amounts owed to group undertakings and other participating interests
2,615 
1,997 
Taxes and social security
236,897 
49,857 
Other creditors
3,027 
2,902 
Loans from directors
(2,200)
- 
Accruals
- 
2,800 
377,671 
224,341 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
451,932 
498,423 
Other creditors
(20,000)
(67,500)
431,932 
430,923 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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