IRIS Accounts Production v25.2.0.378 14490164 director 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144901642023-11-30144901642024-11-30144901642023-12-012024-11-30144901642022-11-16144901642022-11-172023-11-30144901642023-11-3014490164ns15:EnglandWales2023-12-012024-11-3014490164ns14:PoundSterling2023-12-012024-11-3014490164ns10:Director12023-12-012024-11-3014490164ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3014490164ns10:SmallEntities2023-12-012024-11-3014490164ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3014490164ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3014490164ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3014490164ns10:FullAccounts2023-12-012024-11-301449016412023-12-012024-11-3014490164ns10:RegisteredOffice2023-12-012024-11-3014490164ns5:CurrentFinancialInstruments2024-11-3014490164ns5:CurrentFinancialInstruments2023-11-3014490164ns5:ShareCapital2024-11-3014490164ns5:ShareCapital2023-11-3014490164ns5:RetainedEarningsAccumulatedLosses2024-11-3014490164ns5:RetainedEarningsAccumulatedLosses2023-11-3014490164ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3014490164ns5:ComputerSoftware2023-12-012024-11-3014490164ns5:PlantMachinery2023-12-012024-11-3014490164ns5:IntangibleAssetsOtherThanGoodwill2023-11-3014490164ns5:IntangibleAssetsOtherThanGoodwill2024-11-3014490164ns5:IntangibleAssetsOtherThanGoodwill2023-11-3014490164ns5:PlantMachinery2023-11-3014490164ns5:PlantMachinery2024-11-3014490164ns5:PlantMachinery2023-11-3014490164ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3014490164ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 14490164 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Tortoise Studio Ltd

Tortoise Studio Ltd (Registered number: 14490164)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Tortoise Studio Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: E J Whittingham





REGISTERED OFFICE: 37-38 Little Clarendon Street
Oxford
Oxfordshire
OX1 2HU





REGISTERED NUMBER: 14490164 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Tortoise Studio Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tortoise Studio Ltd for the year ended 30 November 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Tortoise Studio Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tortoise Studio Ltd and state those matters that we have agreed to state to the director of Tortoise Studio Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tortoise Studio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tortoise Studio Ltd. You consider that Tortoise Studio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tortoise Studio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Date: .............................................

Tortoise Studio Ltd (Registered number: 14490164)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,200 1,600
Tangible assets 5 9,700 12,265
10,900 13,865

CURRENT ASSETS
Stocks 4,019 4,497
Debtors 6 5,664 7,349
Cash at bank and in hand 3,345 17,915
13,028 29,761
CREDITORS
Amounts falling due within one year 7 (33,751 ) (42,346 )
NET CURRENT LIABILITIES (20,723 ) (12,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,823

)

1,280

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,824 ) 1,279
(9,823 ) 1,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tortoise Studio Ltd (Registered number: 14490164)

Balance Sheet - continued
30 November 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





E J Whittingham - Director


Tortoise Studio Ltd (Registered number: 14490164)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Tortoise Studio Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Tortoise Studio Ltd (Registered number: 14490164)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 2,000
AMORTISATION
At 1 December 2023 400
Charge for year 400
At 30 November 2024 800
NET BOOK VALUE
At 30 November 2024 1,200
At 30 November 2023 1,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 16,354
Additions 668
At 30 November 2024 17,022
DEPRECIATION
At 1 December 2023 4,089
Charge for year 3,233
At 30 November 2024 7,322
NET BOOK VALUE
At 30 November 2024 9,700
At 30 November 2023 12,265

Tortoise Studio Ltd (Registered number: 14490164)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 1,100 5,451
Other debtors 4,564 1,898
5,664 7,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 2,686 6,646
Taxation and social security 28,938 35,200
Other creditors 2,127 500
33,751 42,346