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Company No: 13928389 (England and Wales)

STUDIO ASHBY INTERNATIONAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

STUDIO ASHBY INTERNATIONAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

STUDIO ASHBY INTERNATIONAL LIMITED

BALANCE SHEET

As at 31 December 2024
STUDIO ASHBY INTERNATIONAL LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 461,137 270,838
Cash at bank and in hand 1,539,241 142,007
2,000,378 412,845
Creditors: amounts falling due within one year 4 ( 1,825,296) ( 379,669)
Net current assets 175,082 33,176
Total assets less current liabilities 175,082 33,176
Net assets 175,082 33,176
Capital and reserves
Called-up share capital 100 100
Profit and loss account 174,982 33,076
Total shareholder's funds 175,082 33,176

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Studio Ashby International Limited (registered number: 13928389) were approved and authorised for issue by the Director on 11 August 2025. They were signed on its behalf by:

S G K Casely-Hayford
Director
STUDIO ASHBY INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
STUDIO ASHBY INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Studio Ashby International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is Blewcoat, 23 Caxton Street, London, SW1H 0PY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 295,702 244,849
Other debtors 165,435 25,989
461,137 270,838

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 97,250 19,794
Corporation tax 52,219 20,603
Other taxation and social security 30,086 12,712
Other creditors 1,645,741 326,560
1,825,296 379,669

Under other creditors, amounts owed to Group undertakings are repayable on demand and do not bear interest.

5. Related party transactions

Other related party transactions

The company has taken advantage of the exemptions provided from disclosing transactions with its group companies.

6. Ultimate controlling party

The company's immediate parent is Studio Ashby Holdings Limited, incorporated in England and Wales. Its registered office address is Albert Goodman, Lupin Way, Yeovil, Somerset, United Kingdom, BA22 8WW.

These financial statements are available upon request from Companies House, Cardiff.