Episod Studio Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 13165425

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		646		987

			646		987
CURRENT ASSETS
Debtors	5	1,179		93
Cash at bank and in hand		10,213		14,608

		11,392		14,701
Creditors: Amounts Falling Due Within One Year	6	(11,071 )		(10,550 )

NET CURRENT ASSETS (LIABILITIES)			321		4,151

TOTAL ASSETS LESS CURRENT LIABILITIES			967		5,138

NET ASSETS			967		5,138

CAPITAL AND RESERVES
Called up share capital			100		100
Income Statement			867		5,038

SHAREHOLDERS' FUNDS			967		5,138

For the year ending 31 January 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 Income Statement.

On behalf of the board

Miss S Breshani

Director

30/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Episod Studio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13165425 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Grant income represents the amounts receivable for the projects under contractual obligations, which are performed gradually over time.

2.3. 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:

Computer Equipment

25% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 February 2024	1,366

As at 31 January 2025	1,366

...CONTINUED

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Episod Studio Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024	379
Provided during the period	341

As at 31 January 2025	720

Net Book Value
As at 31 January 2025	646

As at 1 February 2024	987

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,179	93

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	679	1,392
Other creditors	10,369	7,871
Taxation and social security	23	1,287

	11,071	10,550

7. Related Party Transactions

Included under other payables at 31 January 2025 is a sum of £9,566 (2024: £7,802), being the balance outstanding of loans between the directors and the company, which is unsecured, interest free and repayable on demand.

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