Company No: 14018428 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,798		5,998
		4,798		5,998
Current assets
Debtors	4	16,946		7,977
Cash at bank and in hand		110,105		110,931
		127,051		118,908
Creditors: amounts falling due within one year	5	( 31,837)		( 40,188)
Net current assets		95,214		78,720
Total assets less current liabilities		100,012		84,718
Net assets		100,012		84,718
Capital and reserves
Called-up share capital		1		1
Profit and loss account		100,011		84,717
Total shareholder's funds		100,012		84,718

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Draft Line Studio Limited (registered number: 14018428) were approved and authorised for issue by the Director on 14 September 2025. They were signed on its behalf by:

Mr Thomas White Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Draft Line Studio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Bonney Terrace, Ravenscourt Square, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Draft Line Studio Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Turnover

Turnover comprises revenue recognised by the company in respect of design services provided during the period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Interest bearing loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are recorded at the present value of cash payable.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 April 2024	6,932		6,932
At 31 March 2025	6,932		6,932
Accumulated depreciation
At 01 April 2024	934		934
Charge for the financial year	1,200		1,200
At 31 March 2025	2,134		2,134
Net book value
At 31 March 2025	4,798		4,798
At 31 March 2024	5,998		5,998

4. Debtors

	2025		2024
	£		£
Trade debtors	16,518		7,977
Other debtors	428		0
	16,946		7,977

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	9,675		10,578
Corporation tax	4,895		10,666
Other taxation and social security	17,267		18,944
	31,837		40,188

6. Related party transactions

Included within other debtors is £428 owed by the Director at the year end (2024: £Nil).