| REGISTERED NUMBER: |
| Studio Lucent Ltd |
| Unaudited Financial Statements |
| for the period |
| 1st August 2023 to 30th July 2024 |
| REGISTERED NUMBER: |
| Studio Lucent Ltd |
| Unaudited Financial Statements |
| for the period |
| 1st August 2023 to 30th July 2024 |
| Studio Lucent Ltd (Registered number: SC659717) |
| Contents of the Financial Statements |
| for the period 1st August 2023 to 30th July 2024 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 5 |
| Studio Lucent Ltd |
| Company Information |
| for the period 1st August 2023 to 30th July 2024 |
| Director: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Studio Lucent Ltd (Registered number: SC659717) |
| Balance Sheet |
| 30th July 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| Studio Lucent Ltd (Registered number: SC659717) |
| Balance Sheet - continued |
| 30th July 2024 |
| The director acknowledges her 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 were approved by the director and authorised for issue on |
| Studio Lucent Ltd (Registered number: SC659717) |
| Notes to the Financial Statements |
| for the period 1st August 2023 to 30th July 2024 |
| 1. | Statutory information |
| Studio Lucent Ltd is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year. Turnover arising from the sale of homeware goods is recognised when the significant risks and rewards of ownership have passed to the buyer. |
| Tangible fixed assets |
| Office equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade creditors, accruals, directors' loans and other loans. |
| Directors' loans (being repayable on demand), other loans, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at 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 Statement of Income and Retained Earnings. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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. |
| Studio Lucent Ltd (Registered number: SC659717) |
| Notes to the Financial Statements - continued |
| for the period 1st August 2023 to 30th July 2024 |
| 2. | Accounting policies - continued |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Going concern |
| The company has a deficit on the balance sheet. The director is confident that the company can trade out of its current situation. The accounts have therefore been prepared on the going concern basis. |
| 3. | Employees and directors |
| The average number of employees during the period was NIL (2023 - NIL). |
| 4. | Tangible fixed assets |
| Office |
| equipment |
| £ |
| Cost |
| At 1st August 2023 |
| and 30th July 2024 |
| Depreciation |
| At 1st August 2023 |
| Charge for period |
| At 30th July 2024 |
| Net book value |
| At 30th July 2024 |
| At 31st July 2023 |
| 5. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |