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STUDIO FREE LIMITED

Registered Number
12363679
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

STUDIO FREE LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

D Doyle

Registered Address

18 Fraser Gardens
Winchester
SO22 5GB

Registered Number

12363679 (England and Wales)
STUDIO FREE LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets323,8652,120
23,8652,120
Current assets
Debtors45,75020,017
Cash at bank and on hand33,44726,884
39,19746,901
Creditors amounts falling due within one year5(23,976)(27,048)
Net current assets (liabilities)15,22119,853
Total assets less current liabilities39,08621,973
Provisions for liabilities6(483)(530)
Net assets38,60321,443
Capital and reserves
Called up share capital100100
Profit and loss account38,50321,343
Shareholders' funds38,60321,443
The financial statements were approved and authorised for issue by the Director on 23 June 2025, and are signed on its behalf by:
D Doyle
Director
Registered Company No. 12363679
STUDIO FREE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Vehicles18-
Office Equipment-2
2.Average number of employees

20252024
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 241,128-4,5285,656
Additions-26,7491,04227,791
At 31 March 251,12826,7495,57033,447
Depreciation and impairment
At 01 April 24643-2,8933,536
Charge for year2824,8159496,046
At 31 March 259254,8153,8429,582
Net book value
At 31 March 2520321,9341,72823,865
At 31 March 24485-1,6352,120
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables4,33119,487
Prepayments and accrued income1,419530
Total5,75020,017
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables3692,532
Taxation and social security23,54924,137
Other creditors589
Accrued liabilities and deferred income-370
Total23,97627,048
6.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)483530
Total483530