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Company Registration No. 04333461 (England and Wales)
GA Studio Ltd Unaudited accounts for the year ended 31 December 2024
GA Studio Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
GA Studio Ltd Company Information for the year ended 31 December 2024
Director
Martin Gibson
Company Number
04333461 (England and Wales)
Registered Office
44 Edge Street Manchester M4 1HN
Accountants
Joy Noakes 3 Crummock Close Little Lever Bolton Lancs BL3 1UG
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GA Studio Ltd for the 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 accounts of GA Studio Ltd for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of GA Studio Ltd, as a body, in accordance with the terms of our engagement letter dated 1 May 2016. Our work has been undertaken solely to prepare for your approval the accounts of GA Studio Ltd and state those matters that we have agreed to state to the Board of Directors of GA Studio Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GA Studio Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GA Studio Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of GA Studio Ltd. You consider that GA 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 accounts of GA 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 accounts.
Joy Noakes Member in Practice 3 Crummock Close Little Lever Bolton Lancs BL3 1UG 20 August 2025
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GA Studio Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,937 
8,641 
Current assets
Inventories
43,500 
43,500 
Debtors
5
55,740 
57,654 
Cash at bank and in hand
49,576 
54,311 
148,816 
155,465 
Creditors: amounts falling due within one year
6
(40,563)
(32,190)
Net current assets
108,253 
123,275 
Total assets less current liabilities
116,190 
131,916 
Creditors: amounts falling due after more than one year
7
(24,360)
(39,571)
Provisions for liabilities
Deferred tax
(305)
(670)
Net assets
91,525 
91,675 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
91,523 
91,673 
Shareholders' funds
91,525 
91,675 
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2025 and were signed on its behalf by
Martin Gibson Director Company Registration No. 04333461
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GA Studio Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
GA Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 04333461. The registered office is 44 Edge Street , Manchester, M4 1HN .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 6 -
GA Studio Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
6,081 
26,826 
12,657 
45,564 
Additions
- 
- 
1,219 
1,219 
At 31 December 2024
6,081 
26,826 
13,876 
46,783 
Depreciation
At 1 January 2024
4,460 
22,089 
10,374 
36,923 
Charge for the year
242 
710 
971 
1,923 
At 31 December 2024
4,702 
22,799 
11,345 
38,846 
Net book value
At 31 December 2024
1,379 
4,027 
2,531 
7,937 
At 31 December 2023
1,621 
4,737 
2,283 
8,641 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
58,073 
59,624 
Accrued income and prepayments
7,985 
8,361 
Other debtors
(10,318)
(10,331)
55,740 
57,654 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
15,131 
11,846 
Trade creditors
3,470 
3,708 
Taxes and social security
1,027 
4,087 
Other creditors
12,889 
- 
Loans from directors
- 
3,080 
Accruals
2,046 
3,469 
40,563 
32,190 
VAT £15,131 PAYE & PENSION £1,279 BBL £6,000 TRADE CREDITORS £3,470 DLA £12,637
- 7 -
GA Studio Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,360 
29,684 
Other creditors
- 
9,887 
24,360 
39,571 
Capital Receipt from Agecroft for Air conditioning Unit £9,887 - released BBL £24,360
8
Average number of employees
During the year the average number of employees was 2 (2023: 3).
- 8 -