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REGISTERED NUMBER: 10423319 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

The Studio (Hereford) Limited

The Studio (Hereford) Limited (Registered number: 10423319)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Studio (Hereford) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: B D Harwood





REGISTERED OFFICE: Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE





REGISTERED NUMBER: 10423319 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

The Studio (Hereford) Limited (Registered number: 10423319)

Abridged Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 13,956 16,587

CURRENT ASSETS
Debtors 11,535 8,560
Cash at bank 5,874 3,637
17,409 12,197
CREDITORS
Amounts falling due within one year (18,666 ) (15,801 )
NET CURRENT LIABILITIES (1,257 ) (3,604 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,699

12,983

PROVISIONS FOR LIABILITIES (1,999 ) (2,500 )
NET ASSETS 10,700 10,483

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 700 483
SHAREHOLDERS' FUNDS 10,700 10,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

The Studio (Hereford) Limited (Registered number: 10423319)

Abridged Balance Sheet - continued
31 October 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 July 2025 and were signed by:





B D Harwood - Director


The Studio (Hereford) Limited (Registered number: 10423319)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

The Studio (Hereford) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Gym equipment - 20% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

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

The Studio (Hereford) Limited (Registered number: 10423319)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 34,783
DEPRECIATION
At 1 November 2023 18,196
Charge for year 2,631
At 31 October 2024 20,827
NET BOOK VALUE
At 31 October 2024 13,956
At 31 October 2023 16,587

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 145

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
B D Harwood
Balance outstanding at start of year 4,419 3,323
Amounts advanced 39,488 27,194
Amounts repaid (37,265 ) (26,098 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,642 4,419