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REGISTERED NUMBER: 14936519 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2025

for

STUDIOFFE LIMITED

STUDIOFFE LIMITED (REGISTERED NUMBER: 14936519)

Contents of the Financial Statements
for the year ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STUDIOFFE LIMITED

Company Information
for the year ended 31 March 2025







Directors: S L Hough
J D Hough
A Podesta





Registered office: Unit 2
Tyler Close
Normanton
WF6 1RL





Registered number: 14936519 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

STUDIOFFE LIMITED (REGISTERED NUMBER: 14936519)

Balance Sheet
31 March 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 4 451,255 343,775

Current assets
Stocks 43,825 -
Debtors 5 177,388 210,029
Cash at bank 86,187 44,916
307,400 254,945
Creditors
Amounts falling due within one year 6 488,660 366,877
Net current liabilities (181,260 ) (111,932 )
Total assets less current liabilities 269,995 231,843

Creditors
Amounts falling due after more than one
year

7

172,925

204,686
Net assets 97,070 27,157

Capital and reserves
Called up share capital 8 100 100
Retained earnings 96,970 27,057
Shareholders' funds 97,070 27,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Board of Directors and authorised for issue on 19 July 2025 and were signed on its behalf by:





J D Hough - Director


STUDIOFFE LIMITED (REGISTERED NUMBER: 14936519)

Notes to the Financial Statements
for the year ended 31 March 2025


1. Statutory information

Studioffe 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.

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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements - Straight line over 10 years
Plant and machinery - Straight line over 8 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 4 years

During the year, the useful life used for the depreciation policy of plant and machinery was amended from 4 years to 8 years. The directors consider the new policy provides a more accurate reflection of useful economic life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

STUDIOFFE LIMITED (REGISTERED NUMBER: 14936519)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2024 - 9 ) .

STUDIOFFE LIMITED (REGISTERED NUMBER: 14936519)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


4. Tangible fixed assets
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 April 2024 - 318,139 33,790 6,591 358,520
Additions 113,176 45,456 - 5,548 164,180
At 31 March 2025 113,176 363,595 33,790 12,139 522,700
Depreciation
At 1 April 2024 - 11,882 2,546 317 14,745
Charge for year 8,048 38,122 8,447 2,083 56,700
At 31 March 2025 8,048 50,004 10,993 2,400 71,445
Net book value
At 31 March 2025 105,128 313,591 22,797 9,739 451,255
At 31 March 2024 - 306,257 31,244 6,274 343,775

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 April 2024 240,000 33,790 273,790
Additions 40,000 - 40,000
At 31 March 2025 280,000 33,790 313,790
Depreciation
At 1 April 2024 1,973 2,546 4,519
Charge for year 32,763 8,447 41,210
At 31 March 2025 34,736 10,993 45,729
Net book value
At 31 March 2025 245,264 22,797 268,061
At 31 March 2024 238,027 31,244 269,271

5. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 35,265 -
Amounts owed by group undertakings - 22,306
Other debtors 142,123 187,723
177,388 210,029

STUDIOFFE LIMITED (REGISTERED NUMBER: 14936519)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


6. Creditors: amounts falling due within one year
2025 2024
£ £
Hire purchase contracts 58,212 42,677
Trade creditors 232,353 232,841
Amounts owed to group undertakings 141,293 46,353
Taxation and social security 23,785 34,407
Other creditors 33,017 10,599
488,660 366,877

7. Creditors: amounts falling due after more than one year
2025 2024
£ £
Hire purchase contracts 172,925 204,686

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
100 Called up share capital £1 100 100