Sugar Creative Studio Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06840456

		31 July 2025		31 October 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		104,350		122,252
Tangible Assets	5		6,649		7,901

			110,999		130,153
CURRENT ASSETS
Debtors	6	106,844		133,715
Cash at bank and in hand		12,260		16,999

		119,104		150,714
Creditors: Amounts Falling Due Within One Year	7	(198,652 )		(215,600 )

NET CURRENT ASSETS (LIABILITIES)			(79,548 )		(64,886 )

TOTAL ASSETS LESS CURRENT LIABILITIES			31,451		65,267

Creditors: Amounts Falling Due After More Than One Year	8		(18,772 )		(53,257 )

NET ASSETS			12,679		12,010

CAPITAL AND RESERVES
Called up share capital			85		85
Capital redemption reserve			50		50
Profit and Loss Account			12,544		11,875

SHAREHOLDERS' FUNDS			12,679		12,010

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Sugar Creative Studio Limited

Balance Sheet (continued)

As At 31 July 2025

For the period ending 31 July 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jason Veal

Director

10 October 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sugar Creative Studio Limited is a private company, limited by shares and incorporated in England & Wales. The registered company number is 06840456 and the registered office address is Lambourne House, Lambourne Crescent, Llanishen, Cardiff, Wales, CF14 5GL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.5. Research and Development

Intangible assets acquired separately from a business are recognised at cost and are subsequently

measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the

acquisition date where it is probable that the expected future economic benefits that are attributable to the

asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset

arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives on the following bases:

Development costs - 13% straight line

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings	33% reducing balance
Computer equipment	20% reducing balance

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Sugar Creative Studio Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 July 2025

2.7. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.8. Financial Instruments

Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

2.9. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

2.11. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Sugar Creative Studio Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 July 2025

2.12. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.13. Dividend

The dividend was paid unknowingly and the Director undertakes to make no further distribution until such time as there are reserves available for the purpose.

3. Average Number of Employees

	31 July 2025	31 October 2024
Average number of employees, including directors, during the period	10	9

	10	9

4. Intangible Assets

	Goodwill	Development costs	Total
	£	£	£
Cost
As at 1 November 2024	20,000	237,427	257,427

As at 31 July 2025	20,000	237,427	257,427

Amortisation
As at 1 November 2024	20,000	115,175	135,175
Provided during the period	-	17,902	17,902

As at 31 July 2025	20,000	133,077	153,077

Net Book Value
As at 31 July 2025	-	104,350	104,350

As at 1 November 2024	-	122,252	122,252

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Sugar Creative Studio Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2024 to 31 July 2025

5. Tangible Assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
As at 1 November 2024	41,865	15,157	57,022

As at 31 July 2025	41,865	15,157	57,022

Depreciation
As at 1 November 2024	41,175	7,946	49,121
Provided during the period	171	1,081	1,252

As at 31 July 2025	41,346	9,027	50,373

Net Book Value
As at 31 July 2025	519	6,130	6,649

As at 1 November 2024	690	7,211	7,901

6. Debtors

	31 July 2025	31 October 2024
	£	£
Due within one year
Trade debtors	21,114	89,564
Other debtors	85,730	44,151

	106,844	133,715

7. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 October 2024
	£	£
Trade creditors	11,187	11,663
Bank loans and overdrafts	151,178	128,527
Other creditors	8,140	38,309
Taxation and social security	28,147	37,101

	198,652	215,600

8. Creditors: Amounts Falling Due After More Than One Year

	31 July 2025	31 October 2024
	£	£
Bank loans	18,772	53,257

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