Studio Vincent Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 11143346

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		126,378		127,378

			126,378		127,378
CURRENT ASSETS
Debtors	5	83,166		79,851
Cash at bank and in hand		7,080		2,138

		90,246		81,989
Creditors: Amounts Falling Due Within One Year	6	(157,189 )		(132,798 )

NET CURRENT ASSETS (LIABILITIES)			(66,943 )		(50,809 )

TOTAL ASSETS LESS CURRENT LIABILITIES			59,435		76,569

Creditors: Amounts Falling Due After More Than One Year	7		(36,871 )		(53,636 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(22,273 )		(22,081 )

NET ASSETS			291		852

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			290		851

SHAREHOLDERS' FUNDS			291		852

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Studio Vincent Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr V Cullane

Director

18/09/2025

The notes on pages 4 to 6 form part of these financial statements.

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Studio Vincent Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Studio Vincent Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11143346 . The registered office is 16 Pixley Street, London, E14 7DF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Studio Vincent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	215,600	56,930	6,693	279,223
Additions	31,934	7,973	1,219	41,126

As at 31 December 2024	247,534	64,903	7,912	320,349

Depreciation
As at 1 January 2024	107,289	42,431	2,125	151,845
Provided during the period	35,061	5,618	1,447	42,126

As at 31 December 2024	142,350	48,049	3,572	193,971

Net Book Value
As at 31 December 2024	105,184	16,854	4,340	126,378

As at 1 January 2024	108,311	14,499	4,568	127,378

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	34,001	23,996
Other debtors	49,165	55,855

	83,166	79,851

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Studio Vincent Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	16,249	3,921
Bank loans and overdrafts	24,154	18,798
Other creditors	115,661	109,587
Taxation and social security	1,125	492

	157,189	132,798

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans- 1-2 years	36,871	53,636

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

Page 6

Director	Mr V Cullane

Secretary	Miss M Musto

Company Number	11143346

Registered Office	16 Pixley Street
	London
	E14 7DF

Accountants	BAYAR HUGHES & CO LIMITED
	Chartered Certified Accountants & Registered Auditors
	4 Green Lane Business Park
	New Eltham
	238 Green Lane
	London
	SE9 3TL