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Registered number: 05250061









B B UK STUDIO LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
B B UK STUDIO LIMITED
REGISTERED NUMBER: 05250061

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 8 
11,699
15,528

  
11,699
15,528

Current assets
  

Debtors: amounts falling due within one year
 9 
85,834
114,655

Cash at bank and in hand
  
94,130
70,755

  
179,964
185,410

Creditors: amounts falling due within one year
 10 
(115,681)
(123,946)

Net current assets
  
 
 
64,283
 
 
61,464

Total assets less current liabilities
  
75,982
76,992

Provisions for liabilities
  

Deferred tax
 11 
(2,875)
(3,821)

  
 
 
(2,875)
 
 
(3,821)

Net assets
  
73,107
73,171


Capital and reserves
  

Called up share capital 
  
50
50

Capital redemption reserve
  
50
50

Profit and loss account
  
73,007
73,071

  
73,107
73,171


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
Page 1

 
B B UK STUDIO LIMITED
REGISTERED NUMBER: 05250061
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




HF Bourne
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
B B UK STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

BB UK Studio Limited is a private company limited by shares and incorporated in England and Wales. its registered office is 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
B B UK STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
B B UK STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and 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.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial
Position when there is an enforceable right to set off the recognised amounts and there is an
intention to settle on a net basis or to realise the asset and settle the liability simultaneously

 
2.10

Dividends

Equity dividends are recognised when they become legally payable.


3.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Other operating lease rentals
31,000
31,000

Page 5

 
B B UK STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 17).


5.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
15,505
11,117

Company contributions to defined contribution pension schemes
4,500
-

20,005
11,117



6.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
9,703
2,552


9,703
2,552


Total current tax
9,703
2,552

Deferred tax


Origination and reversal of timing differences
(946)
198

Total deferred tax
(946)
198


Tax on profit
8,757
2,750

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the loss / profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 19%
 (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 6

 
B B UK STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Dividends

2024
2023
£
£


Ordinary dividends paid
38,000
32,000

38,000
32,000


8.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2023
83,925
6,378
90,303


Additions
-
71
71



At 31 October 2024

83,925
6,449
90,374



Depreciation


At 1 November 2023
69,204
5,571
74,775


Charge for the year on owned assets
3,680
220
3,900



At 31 October 2024

72,884
5,791
78,675



Net book value



At 31 October 2024
11,041
658
11,699



At 31 October 2023
14,721
807
15,528


9.


Debtors

2024
2023
£
£


Trade debtors
75,999
107,670

Other debtors
6,895
4,045

Prepayments
2,940
2,940

85,834
114,655


Page 7

 
B B UK STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,354
7,276

Corporation tax
9,692
2,536

Other taxation and social security
49,038
59,134

Other creditors
37,425
37,902

Accruals
9,172
17,098

115,681
123,946



11.


Deferred taxation




2024


£






At beginning of year
(3,821)


Utilised in year
946



At end of year
(2,875)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,875)
(3,821)

(2,875)
(3,821)


12.


Pension commitments

The Company operates two defined contributions pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £9,884 (2023 - £8,957). Contributions totalling £1,934 (2023 - £nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 8