Registered number
15886712
Studio Elvo Limited
Report and Accounts
31 March 2025
Studio Elvo Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6
Studio Elvo Limited
Company Information
Directors
Aimee Daly
Jennifer Daly
Accountants
Trueman Brown
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
Registered office
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
Registered number
15886712
Studio Elvo Limited
Registered number: 15886712
Directors' Report
The directors present their report and accounts for the period ended 31 March 2025.
Principal activities
The company was incorporated on 8th August 2024 and commenced trading on 1st September 2024. The company's principal activity during the period was that of design consultants.
Directors
The following persons served as directors during the period:
Aimee Daly
Jennifer Daly
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 29 May 2025 and signed on its behalf.
Jennifer Daly
Director
Studio Elvo Limited
Profit and Loss Account
for the period from 8 August 2024 to 31 March 2025
2025
£
Turnover 39,191
Administrative expenses (37,055)
Operating profit 2,136
Profit before taxation 2,136
Tax on profit (406)
Profit for the period 1,730
Studio Elvo Limited
Registered number: 15886712
Balance Sheet
as at 31 March 2025
Notes 2025
£
Current assets
Cash at bank and in hand 2,047
Creditors: amounts falling due within one year 3 (617)
Net current assets 1,430
Net assets 1,430
Capital and reserves
Called up share capital 200
Profit and loss account 1,230
Shareholders' funds 1,430
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jennifer Daly
Director
Approved by the board on 29 May 2025
Studio Elvo Limited
Statement of Changes in Equity
for the period from 8 August 2024 to 31 March 2025
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 8 August 2024 - - - - -
Profit for the period 1,730 1,730
Dividends (500) (500)
Shares issued 200 - 200
At 31 March 2025 200 - - 1,230 1,430
Studio Elvo Limited
Notes to the Accounts
for the period from 8 August 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025
Number
Average number of persons employed by the company 1
3 Creditors: amounts falling due within one year 2025
£
Trade creditors 12
Taxation and social security costs 406
Other creditors 199
617
4 Controlling party
During the period, the ultimate controlling parties are Aimee Daly and Jennifer Daly by virtue of controlling the entire share capital of the company.
5 Other information
Studio Elvo Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
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