Registration number:
Studio ADB Ltd
for the Year Ended 31 December 2024
Studio ADB Ltd
Contents
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Company Information |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Studio ADB Ltd
Company Information
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Director |
A De Borman |
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Registered office |
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Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Studio ADB 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 Studio ADB Ltd for the year ended 31 December 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/
standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Studio ADB Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Studio ADB Ltd and state those matters that we have agreed to state to the Board of Directors of Studio ADB Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources
-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studio ADB Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Studio ADB 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 profit of Studio ADB Ltd. You consider that Studio ADB 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 Studio ADB 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.
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Chartered Certified Accountants
Northside
Joel Street
Northwood Hills
HA6 1NW
Studio ADB Ltd
Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover |
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Other income |
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Cost of raw materials and consumables |
( |
( |
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Staff costs |
( |
( |
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Depreciation and other amounts written off assets |
( |
( |
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Other charges |
(58,035) |
(49,637) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the year |
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Studio ADB Ltd
(Registration number: 09920926)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Current assets |
512,340 |
651,336 |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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General information |
The address of its registered office is:
These financial statements were authorised for issue by the
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
For the financial 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:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Studio ADB Ltd
(Registration number: 09920926)
Balance Sheet as at 31 December 2024
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
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Studio ADB Ltd
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover (analysed below) |
656,594 |
1,052,650 |
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Cost of sales (analysed below) |
(320,340) |
(765,709) |
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Gross profit |
336,254 |
286,941 |
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Gross profit (%) |
51.21% |
27.26% |
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Administrative expenses |
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General administrative expenses (analysed below) |
(69,332) |
(58,488) |
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Finance charges (analysed below) |
(405) |
(245) |
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Depreciation costs (analysed below) |
(1,059) |
(599) |
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(70,796) |
(59,332) |
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Operating profit |
265,458 |
227,609 |
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Other interest receivable and similar income (analysed below) |
7,653 |
4,216 |
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Profit before tax |
273,111 |
231,825 |
Studio ADB Ltd
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Turnover |
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Sales |
655,934 |
1,052,650 |
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Other revenue |
660 |
- |
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656,594 |
1,052,650 |
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Cost of sales |
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Direct costs |
(172,003) |
(649,198) |
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Subcontract cost |
(111,396) |
(99,644) |
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Commissions payable |
(36,941) |
(16,867) |
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(320,340) |
(765,709) |
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General administrative expenses |
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Directors remuneration |
(11,702) |
(9,096) |
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Rent |
(13,999) |
(14,916) |
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Rates |
(3,262) |
(2,140) |
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Light, heat and power |
(1,152) |
(2,165) |
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Insurance |
(2,177) |
(2,176) |
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Use of home as office |
(312) |
(208) |
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Telephone and fax |
(813) |
(950) |
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Computer software and maintenance costs |
(2,593) |
(1,539) |
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Printing, postage and stationery |
(603) |
(218) |
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Clothing |
(569) |
- |
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Trade subscriptions |
(1,551) |
(811) |
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Charitable donations |
(246) |
(146) |
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Cleaning |
(2,085) |
- |
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Research and development |
(2,970) |
(1,062) |
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Motor expenses |
(1,755) |
(2,700) |
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Travel and subsistence |
(9,511) |
(8,457) |
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Entertainment |
(7,583) |
(3,323) |
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Accountancy fees |
(6,449) |
(6,081) |
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Legal and professional fees |
- |
(2,500) |
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(69,332) |
(58,488) |
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Finance charges |
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Bank charges |
(405) |
(245) |
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Depreciation costs |
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Depreciation of computer equipment |
(945) |
(599) |
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Depreciation of office equipment |
(114) |
- |
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(1,059) |
(599) |
Studio ADB Ltd
Detailed Profit and Loss Account for the Year Ended 31 December 2024
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2024 |
2023 |
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Other interest receivable and similar income |
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Bank interest receivable |
5,238 |
4,216 |
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Other interest receivable |
1,261 |
- |
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Corporation tax interest received |
1,154 |
- |
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7,653 |
4,216 |