0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 7,921 4,298 12,219 1,169 3,457 4,626 7,593 6,752 xbrli:pure xbrli:shares iso4217:GBP 14554818 2024-01-01 2024-12-31 14554818 2024-12-31 14554818 2023-12-31 14554818 2022-12-22 2023-12-31 14554818 2023-12-31 14554818 2022-12-21 14554818 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 14554818 bus:Director1 2024-01-01 2024-12-31 14554818 core:WithinOneYear 2024-12-31 14554818 core:WithinOneYear 2023-12-31 14554818 core:ShareCapital 2024-12-31 14554818 core:ShareCapital 2023-12-31 14554818 core:RetainedEarningsAccumulatedLosses 2024-12-31 14554818 core:RetainedEarningsAccumulatedLosses 2023-12-31 14554818 bus:SmallEntities 2024-01-01 2024-12-31 14554818 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14554818 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14554818 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14554818 bus:FullAccounts 2024-01-01 2024-12-31 14554818 core:OfficeEquipment 2024-01-01 2024-12-31 14554818 core:OfficeEquipment 2023-12-31 14554818 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 14554818

Khizr Studio Ltd

Filleted Unaudited Financial Statements

31 December 2024

Khizr Studio Ltd

Financial Statements

Year ended 31 December 2024

Contents | Pages

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2 to 3

Notes to the financial statements | 4 to 6

Khizr Studio Ltd

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Khizr Studio Ltd

Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Khizr Studio Ltd for the year ended 31 December 2024, which comprise the statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Khizr Studio Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Khizr Studio Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Khizr Studio Ltd and its director for our work or for this report.
It is your duty to ensure that Khizr 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 Khizr Studio Ltd. You consider that Khizr 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 Khizr 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.
HEBBLETHWAITES Chartered accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
11 September 2025

Khizr Studio Ltd

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 4 | 7,593 | 6,752

Creditors: amounts falling due within one year | 5 | 2,531 | 2,820
| ------- | -------
Net current liabilities | 2,531 | 2,820
| ------- | -------
Total assets less current liabilities | 5,062 | 3,932

Provisions | 1,443 | 1,283
| ------- | -------
Net assets | 3,619 | 2,649
| ------- | -------

Khizr Studio Ltd

Statement of Financial Position (continued)

31 December 2024

| 2024 | 2023
Note | £ | £

Capital and reserves

Called up share capital | 1 | 1
Profit and loss account | 3,618 | 2,648
| ------- | -------
Shareholders funds | 3,619 | 2,649
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr M Khizr |
Director |

Company registration number: 14554818

Khizr Studio Ltd

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Birch Close, Yaxley, Peterborough, PE7 3HD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related outcome. In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33% straight line

Impairment of fixed assets
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets

| Equipment
| £
Cost |
At 1 January 2024 | 7,921
Additions | 4,298
| --------
At 31 December 2024 | 12,219
| --------
Depreciation |
At 1 January 2024 | 1,169
Charge for the year | 3,457
| --------
At 31 December 2024 | 4,626
| --------
Carrying amount |
At 31 December 2024 | 7,593
| --------
At 31 December 2023 | 6,752
| --------

5. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Corporation tax | 791 | 1,684
Other creditors | 1,740 | 1,136
| ------- | -------
| 2,531 | 2,820
| ------- | -------