| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| STUDIOTECH (UK) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| STUDIOTECH (UK) LIMITED |
| STUDIOTECH (UK) LIMITED (REGISTERED NUMBER: 02446761) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| STUDIOTECH (UK) LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 123 Wellington Road South |
| Stockport |
| Cheshire |
| SK1 3TH |
| STUDIOTECH (UK) LIMITED (REGISTERED NUMBER: 02446761) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30/9/24 | 31/3/24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| STUDIOTECH (UK) LIMITED (REGISTERED NUMBER: 02446761) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| STUDIOTECH (UK) LIMITED (REGISTERED NUMBER: 02446761) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Studiotech (Uk) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total value of goods and services supplied during the year, net of value added tax, trade discounts, and rebates. |
| Turnover from the sale of goods is recognised in the income statement when the significant risks and rewards of ownership have been transferred to the customer, which is typically on delivery or completion of the service, the amount of revenue can be measured reliably, and it is probable that economic benefits will flow to the company. |
| Contract turnover from ongoing projects is recognised over time using the stage of completion method, provided the outcome of the contract can be estimated reliably. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stock and work in progress |
| Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on a first-in, first-out basis and includes all direct costs of purchase and, where applicable, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Provision is made for obsolete, slow-moving or defective items where appropriate. |
| Work in progress is valued at the lower of cost, including attributable overheads, and net realisable value. Cost comprises direct materials, labour and an appropriate proportion of project-related overheads. Profit is only recognised on long-term contracts when the outcome can be estimated reliably; otherwise, work in progress is recognised to the extent that costs are considered recoverable. Amounts invoiced in advance of work performed are included within creditors as payments on account. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| STUDIOTECH (UK) LIMITED (REGISTERED NUMBER: 02446761) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for period |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 March 2024 |
| STUDIOTECH (UK) LIMITED (REGISTERED NUMBER: 02446761) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2024 |
| Impairments | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 March 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/9/24 | 31/3/24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/9/24 | 31/3/24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30/9/24 | 31/3/24 |
| £ | £ |
| Bank loans |