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REGISTERED NUMBER: 04604854 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

Stephen Charles Studio Ltd.

Stephen Charles Studio Ltd. (Registered number: 04604854)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Stephen Charles Studio Ltd.

COMPANY INFORMATION
for the year ended 28 February 2025







Director: S C Hirons





Secretary: Mrs S E Hirons





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 39 Pendennis Close
Hartley Vale
Plymouth
Devon
PL3 5SJ





Registered number: 04604854 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Stephen Charles Studio Ltd. (Registered number: 04604854)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 - 4,776
- 4,776

Current assets
Stocks - 277
Debtors 6 - 2,663
Cash at bank and in hand - 17,920
- 20,860
Creditors
Amounts falling due within one year 7 28,501 29,732
Net current liabilities (28,501 ) (8,872 )
Total assets less current liabilities (28,501 ) (4,096 )

Capital and reserves
Called up share capital 8 2 2
Retained earnings (28,503 ) (4,098 )
Shareholders' funds (28,501 ) (4,096 )

Stephen Charles Studio Ltd. (Registered number: 04604854)

BALANCE SHEET - continued
28 February 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





S C Hirons - Director


Stephen Charles Studio Ltd. (Registered number: 04604854)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Stephen Charles Studio Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the director, who believes that the going concern basis of preparation remains appropriate in the company's circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings - 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Stephen Charles Studio Ltd. (Registered number: 04604854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Stephen Charles Studio Ltd. (Registered number: 04604854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 March 2024
and 28 February 2025 11,000
Amortisation
At 1 March 2024
and 28 February 2025 11,000
Net book value
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 March 2024 31,921
Disposals (31,921 )
At 28 February 2025 -
Depreciation
At 1 March 2024 27,145
Charge for year 545
Eliminated on disposal (27,690 )
At 28 February 2025 -
Net book value
At 28 February 2025 -
At 29 February 2024 4,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors - 2,663

Stephen Charles Studio Ltd. (Registered number: 04604854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security - 1,244
Other creditors 28,501 28,488
28,501 29,732

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £28,501 to the director S C Hirons.

No interest has been charged and there is no fixed term for repayment.

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director, S C Hirons and A Hirons (shareholder).