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REGISTERED NUMBER: 02104722 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Costume Studio Limited

Costume Studio Limited (Registered number: 02104722)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Costume Studio Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R A Griffiths
M Piranty





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 02104722 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Costume Studio Limited (Registered number: 02104722)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,343,683 1,334,864
1,343,683 1,334,864

CURRENT ASSETS
Debtors 7 895 10,791
Cash at bank and in hand 1,717,074 1,507,751
1,717,969 1,518,542
CREDITORS
Amounts falling due within one year 8 169,158 112,101
NET CURRENT ASSETS 1,548,811 1,406,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,892,494

2,741,305

CREDITORS
Amounts falling due after more than one
year

9

(2,776

)

(13,095

)

PROVISIONS FOR LIABILITIES (22,336 ) (11,987 )
NET ASSETS 2,867,382 2,716,223

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 2,864,382 2,713,223
SHAREHOLDERS' FUNDS 2,867,382 2,716,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Costume Studio Limited (Registered number: 02104722)

Statement of Financial Position - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2025 and were signed on its behalf by:





R A Griffiths - Director


Costume Studio Limited (Registered number: 02104722)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Costume Studio 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Changes in accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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.
Land and buildings - 20% on cost, 2% on reducing balance and 0% on cost or valuation
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance, 10% on reducing balance, 5% on reducing balance and at variable rates on reducing balance

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Costume Studio Limited (Registered number: 02104722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 25,000
AMORTISATION
At 1 April 2024
and 31 March 2025 25,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 1,403,321 480,474 1,883,795
Additions - 38,381 38,381
At 31 March 2025 1,403,321 518,855 1,922,176
DEPRECIATION
At 1 April 2024 159,528 389,403 548,931
Charge for year 17,489 12,073 29,562
At 31 March 2025 177,017 401,476 578,493
NET BOOK VALUE
At 31 March 2025 1,226,304 117,379 1,343,683
At 31 March 2024 1,243,793 91,071 1,334,864

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 895 10,791

Costume Studio Limited (Registered number: 02104722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,318 10,182
Trade creditors 4,119 5,055
Taxation and social security 85,677 75,055
Other creditors 69,044 21,809
169,158 112,101

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 2,776 13,095

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
M Piranty
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000

The loan to Mr Piranty was repaid on 4 November 2024

11. RELATED PARTY DISCLOSURES

The company is under the control of R. A. Griffiths a director and sole shareholder of the company.