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REGISTERED NUMBER: 02446761 (England and Wales)


















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: Mr P Haldane
Mr M C A Vickery
Mr A K G Vickery
Mr E T G Vickery





SECRETARY: Mr A K G Vickery





REGISTERED OFFICE: Unit 13 Latham Close
Bredbury Park Industrial Estate
Bredbury
Stockport
SK6 2SD





REGISTERED NUMBER: 02446761 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
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 10,037 10,678
Investments 5 100 8,995
10,137 19,673

CURRENT ASSETS
Stocks 133,671 67,271
Debtors 6 1,607,758 1,325,636
Cash at bank and in hand 66,779 37,739
1,808,208 1,430,646
CREDITORS
Amounts falling due within one year 7 1,128,831 761,854
NET CURRENT ASSETS 679,377 668,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,514

688,465

CREDITORS
Amounts falling due after more than one
year

8

(24,242

)

-

PROVISIONS FOR LIABILITIES - (2,525 )
NET ASSETS 665,272 685,940

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 665,172 685,840
SHAREHOLDERS' FUNDS 665,272 685,940

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by:





Mr A K G Vickery - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 17 (2024 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 186,940
Additions 492
At 30 September 2024 187,432
DEPRECIATION
At 1 April 2024 176,262
Charge for period 1,133
At 30 September 2024 177,395
NET BOOK VALUE
At 30 September 2024 10,037
At 31 March 2024 10,678

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 8,995
Impairments (8,895 )
At 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 31 March 2024 8,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 31/3/24
£    £   
Trade debtors 765,290 555,792
Other debtors 842,468 769,844
1,607,758 1,325,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 31/3/24
£    £   
Bank loans and overdrafts 36,364 81,818
Trade creditors 696,858 172,495
Taxation and social security 30,007 80,253
Other creditors 365,602 427,288
1,128,831 761,854

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 31/3/24
£    £   
Bank loans 24,242 -