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REGISTERED NUMBER: 12214078 (England and Wales)

















ANDY THEAKSTONE STUDIO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,402 18,920
Investments 5 51 51
14,453 18,971

CURRENT ASSETS
Debtors 6 19,752 -
Cash at bank 80,063 31,619
99,815 31,619
CREDITORS
Amounts falling due within one year 7 37,466 14,294
NET CURRENT ASSETS 62,349 17,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,802

36,296

PROVISIONS FOR LIABILITIES 8 2,736 3,595
NET ASSETS 74,066 32,701

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,966 32,601
SHAREHOLDERS' FUNDS 74,066 32,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





A J Theakstone - Director


ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Andy Theakstone Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12214078

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
United Kingdom
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 20,345 9,084 29,429
Additions - 1,270 1,270
At 30 September 2024 20,345 10,354 30,699
DEPRECIATION
At 1 October 2023 5,397 5,112 10,509
Charge for year 2,990 2,798 5,788
At 30 September 2024 8,387 7,910 16,297
NET BOOK VALUE
At 30 September 2024 11,958 2,444 14,402
At 30 September 2023 14,948 3,972 18,920

ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 October 2023
and 30 September 2024 51
NET BOOK VALUE
At 30 September 2024 51
At 30 September 2023 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,196 -
Other debtors 16,556 -
19,752 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 876 -
Other creditors 36,590 14,294
37,466 14,294

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,736 3,595

Deferred
tax
£   
Balance at 1 October 2023 3,595
Credit to Profit and Loss Account during year (859 )
Balance at 30 September 2024 2,736

ANDY THEAKSTONE STUDIO LTD (REGISTERED NUMBER: 12214078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
A J Theakstone
Balance outstanding at start of year (186 ) (408 )
Amounts advanced 64,241 74,222
Amounts repaid (47,500 ) (74,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,555 (186 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,500 (2023 - £74,000) were paid to the director .

Polyphonia Ltd

A company in which Andy Theakstone Studio Ltd has a 50% shareholding.

Sales totalling £36,884 (2023: £38,695) were invoiced to Polyphonia Ltd during the year.

Rent totalling £12,713 (2023: £6,338) was received from Polyphonia Ltd during the year.

Dividends totalling £80,000 (2023: £60,000) were received from Polyphonia Ltd during the year.

Amount due to related party at the balance sheet date was £36,589 (2023: £14,107).