REGISTERED NUMBER: 06179889 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ONHOLD STUDIO CONNECT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R S Mason

Mr T Roberts

Mr R A Mason

SECRETARY:

Mr R S Mason

REGISTERED OFFICE:

Units 56 - 60

Woodside Business Park

Shore Road

Birkenhead

Merseyside

CH41 1EL

REGISTERED NUMBER:

06179889 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

30,437

40,021

Investments

5

150

150

30,587

40,171

CURRENT ASSETS

Debtors

6

27,494

57,450

Cash at bank

44,408

86,132

71,902

143,582

CREDITORS

Amounts falling due within one year

7

52,021

120,223

NET CURRENT ASSETS

19,881

23,359

TOTAL ASSETS LESS CURRENT LIABILITIES

50,468

63,530

CREDITORS

Amounts falling due after more than one year

8

(11,870

)

(24,099

)

PROVISIONS FOR LIABILITIES

(38,427

)

(38,427

)

NET ASSETS

171

1,004

CAPITAL AND RESERVES

Called up share capital

10

52

52

Capital redemption reserve

11

48

48

Retained earnings

11

71

904

SHAREHOLDERS' FUNDS

171

1,004

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Mr R S Mason - Director

1.	STATUTORY INFORMATION

Onhold Studio Connect 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

No depreciation is charged in the year of acquisition.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Onhold Studio Connect Ltd owns 33% of the issued shares in Excel Connect Solutions Ltd.

Onhold Studio Connect Ltd also owns 100% of the issued shares in Onhold Studio Ltd.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

4,284

100,994

105,278

Additions

-

190

190

At 31 March 2025

4,284

101,184

105,468

DEPRECIATION

At 1 April 2024

2,571

62,686

65,257

Charge for year

428

9,346

9,774

At 31 March 2025

2,999

72,032

75,031

NET BOOK VALUE

At 31 March 2025

1,285

29,152

30,437

At 31 March 2024

1,713

38,308

40,021

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

34,679

DEPRECIATION

At 1 April 2024

5,085

Charge for year

7,398

At 31 March 2025

12,483

NET BOOK VALUE

At 31 March 2025

22,196

At 31 March 2024

29,594

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

150

NET BOOK VALUE

At 31 March 2025

150

At 31 March 2024

150

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,714

19,736

Other debtors

7,780

37,714

27,494

57,450

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts

5,952

11,126

Trade creditors

227

3,176

Taxation and social security

32,043

42,079

Other creditors

3,151

53,194

52,021

120,223

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,446

12,627

Hire purchase contracts

9,424

11,472

11,870

24,099

9.	SECURED DEBTS

The hire purchase creditor is secured on the individual asset concerned.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

52

Ordinary

£1

52

52

48

Ordinary

£1

-

-

52

52

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

904

48

952

Profit for the year

17,167

17,167

Dividends

(18,000

)

(18,000

)

At 31 March 2025

71

48

119

12.	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

£

£

Mr R S Mason

Balance outstanding at start of year

18,560

6,578

Amounts advanced

56,050

54,693

Amounts repaid

(73,116

)

(42,711

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,494

18,560

13.	RELATED PARTY DISCLOSURES

During the year the company paid dividends of £18,000 (2024: £24,000) to Mr R S Mason (including family interests) and £NIL to Mr R A Mason (2024 - £NIL)