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Company No: 12541720 (England and Wales)

# STUDIO WHISK LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

STUDIO WHISK LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

STUDIO WHISK LTD

## BALANCE SHEET

As at 31 March 2025
STUDIO WHISK LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 37,311 |  | 11,862
|  | 37,311 |  | 11,862
Current assets |  |  |  |
Stocks |  | 0 |  | 9,722
Debtors | 4 | 55,871 |  | 13,492
Cash at bank and in hand |  | 25,109 |  | 64,141
|  | 80,980 |  | 87,355
Creditors: amounts falling due within one year | 5 | ( 81,852) |  | ( 31,129)
Net current (liabilities)/assets |  | (872) |  | 56,226
Total assets less current liabilities |  | 36,439 |  | 68,088
Net assets |  | 36,439 |  | 68,088
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 36,437 |  | 68,086
Total shareholders' funds |  | 36,439 |  | 68,088

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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge 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 Profit and Loss Account has not been delivered.

The financial statements of Studio Whisk Ltd (registered number: 12541720) were approved and authorised for issue by the Board of Directors on 01 September 2025. They were signed on its behalf by:

A Mckendry Director |  | L B Smith Director

STUDIO WHISK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
STUDIO WHISK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

Studio Whisk Ltd (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 13 Morley Road, Southville, Bristol, BS3 1DT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for media representation services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, 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:

Leasehold improvements | 10 years straight line
Plant and machinery | 25 % reducing balance
Computer equipment | 3 years straight line

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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks represent work in progress at the year end that has not yet been invoiced to a customer.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 17,669 |  | 9,069 |  | 26,738
Additions | 13,569 |  | 18,151 |  | 994 |  | 32,714
At 31 March 2025 | 13,569 |  | 35,820 |  | 10,063 |  | 59,452
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 7,718 |  | 7,158 |  | 14,876
Charge for the financial year | 960 |  | 4,378 |  | 1,927 |  | 7,265
At 31 March 2025 | 960 |  | 12,096 |  | 9,085 |  | 22,141
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 12,609 |  | 23,724 |  | 978 |  | 37,311
At 31 March 2024 | 0 |  | 9,951 |  | 1,911 |  | 11,862

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 51,121 |  | 10,992
Other debtors | 4,750 |  | 2,500
| 55,871 |  | 13,492

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 18,477 |  | 21,848
Other creditors | 63,375 |  | 9,281
| 81,852 |  | 31,129

#### 6. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | 0 |  | 0
Charged to the Profit and Loss Account | ( 5,120) |  | 0
At the end of financial year | ( 5,120) |  | 0

#### 7. Related party transactions

Transactions with the entity's directors

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 April 2024 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £3,674 and received repayments of £3,674 leaving a balance due from the directors of £nil at 31 March 2025.
At 1 April 2023 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £16,098 and received repayments of £16,098 leaving a balance due from the directors of £nil at 31 March 2024.