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Company Registration No. 14663512 (England and Wales)
Wegrow Studio Ltd Unaudited accounts for the year ended 31 March 2025
Wegrow Studio Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wegrow Studio Ltd Company Information for the year ended 31 March 2025
Director
Rubiab Rossini Ume
Secretary
Rubiab Rossini Ume
Company Number
14663512 (England and Wales)
Registered Office
30 Ingoe Street Newcastle upon Tyne Tyne and Wear NE15 8DQ England
Accountants
Elizabeth Butler 42 St. Martins Drive Eynsford Kent DA4 0EZ
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Wegrow Studio Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,037
1,052
Current assets
Debtors
5
10,397
4,526
Cash at bank and in hand
83,826
28,594
94,223
33,120
Creditors: amounts falling due within one year
6
(19,227)
(7,097)
Net current assets
74,996
26,023
Net assets
76,033
27,075
Capital and reserves
Called up share capital
1
1
Profit and loss account
76,032
27,074
Shareholders' funds
76,033
27,075
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 27 October 2025 and were signed on its behalf by
Rubiab Rossini Ume Director Company Registration No. 14663512
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Wegrow Studio Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Wegrow Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 14663512. The registered office is 30 Ingoe Street, Newcastle upon Tyne, Tyne and Wear, NE15 8DQ, England.
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.
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:
Computer equipment
20%
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Wegrow Studio Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
1,426
Additions
338
At 31 March 2025
1,764
Depreciation
At 1 April 2024
374
Charge for the year
353
At 31 March 2025
727
Net book value
At 31 March 2025
1,037
At 31 March 2024
1,052
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
10,397
4,526
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
18,472
6,238
Loans from directors
-
109
Accruals
755
750
19,227
7,097
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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