REGISTERED NUMBER: 11763581 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

STUDIO MIKO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A P Denmark

A G M Millen

REGISTERED OFFICE:

Seebohm House

2-4 Queen Street

Norwich

Norfolk

NR2 4SQ

REGISTERED NUMBER:

11763581 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

4

28,563

11,853

CURRENT ASSETS

Debtors

5

400,300

295,101

Investments

6

758,661

-

Cash at bank

224,845

646,007

1,383,806

941,108

CREDITORS

Amounts falling due within one year

7

200,324

141,835

NET CURRENT ASSETS

1,183,482

799,273

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212,045

811,126

PROVISIONS FOR LIABILITIES

5,505

2,963

NET ASSETS

1,206,540

808,163

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8,661

-

Retained earnings

1,197,877

808,161

1,206,540

808,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

L A P Denmark - Director

A G M Millen - Director

1.	STATUTORY INFORMATION

Studio Miko Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments

Current asset investments are accounted for at fair value. In accordance with paragraph 11.2 of FRS102 the company has chosen to follow the recognition and measurement provisions of IAS39 Financial Instruments and classified the current asset investments as Available-for-sale. Fair value gains and losses are recognised in Other Comprehensive Income and transferred to the Fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

28,970

Additions

24,921

At 31 March 2025

53,891

DEPRECIATION

At 1 April 2024

17,117

Charge for year

8,211

At 31 March 2025

25,328

NET BOOK VALUE

At 31 March 2025

28,563

At 31 March 2024

11,853

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

155,518

59,935

Other debtors

244,782

235,166

400,300

295,101

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Investment bond

758,661

-

During the year a fair value gain of £8,661 has been recognised on the current asset investments which has been credited to the fair value reserve.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,185

5,922

Taxation and social security

182,482

117,141

Other creditors

3,657

18,772

200,324

141,835

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

28,000

-

Between one and five years

56,000

-

84,000

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A G M Millen

Balance outstanding at start of year

-

-

Amounts advanced

10,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,000

-

The loan to A G M Millen is unsecured and interest free.