1 April 2024 false No description of principal activity Taxfiler 2024.6 11713869 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11713869 2024-03-31 11713869 2024-04-01 2025-03-31 11713869 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11713869 business:FilletedAccounts 2024-04-01 2025-03-31 11713869 2025-03-31 11713869 business:Director1 2024-04-01 2025-03-31 11713869 business:RegisteredOffice 2024-04-01 2025-03-31 11713869 2024-03-31 11713869 core:WithinOneYear 2025-03-31 11713869 core:WithinOneYear 2024-03-31 11713869 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 11713869 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 11713869 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 11713869 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 11713869 core:PreviouslyStatedAmount 2025-03-31 11713869 core:PreviouslyStatedAmount 2024-03-31 11713869 business:SmallEntities 2024-04-01 2025-03-31 11713869 countries:EnglandWales 2024-04-01 2025-03-31 11713869 core:FurnitureFittings 2024-04-01 2025-03-31 11713869 core:ComputerEquipment 2024-04-01 2025-03-31 11713869 core:FurnitureFittings 2024-03-31 11713869 core:ComputerEquipment 2024-03-31 11713869 core:FurnitureFittings 2025-03-31 11713869 core:ComputerEquipment 2025-03-31 11713869 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11713869 (England and Wales)
StudioExe Ltd Unaudited accounts for the year ended 31 March 2025
StudioExe Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
StudioExe Ltd Company Information for the year ended 31 March 2025
Director
Mr M Bayly
Company Number
11713869 (England and Wales)
Registered Office
Kemp House 152 - 160 City Road London EC1V 2NX UNITED KINGDOM
Accountants
Brambillow Accounting Ltd Brookhouse Cranoe Road Welham Leicestershire LE16 7UH
- 3 -
StudioExe Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,619
1,477
Current assets
Debtors
5
10,190
7,827
Cash at bank and in hand
4,432
15,208
14,622
23,035
Creditors: amounts falling due within one year
6
(14,360)
(18,903)
Net current assets
262
4,132
Total assets less current liabilities
1,881
5,609
Provisions for liabilities
Deferred tax
(307)
(280)
Net assets
1,574
5,329
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,573
5,328
Shareholders' funds
1,574
5,329
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 his 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 30 October 2025 and were signed on its behalf by
Mr M Bayly Director Company Registration No. 11713869
- 4 -
StudioExe Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
StudioExe Ltd is a private company, limited by shares, registered in England and Wales, registration number 11713869. The registered office is Kemp House 152 - 160, City Road, London, EC1V 2NX, UNITED KINGDOM.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Deferred taxation
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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
StudioExe Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
328
2,997
3,325
Additions
149
924
1,073
Disposals
(138)
(395)
(533)
At 31 March 2025
339
3,526
3,865
Depreciation
At 1 April 2024
177
1,671
1,848
Charge for the year
68
705
773
On disposals
(138)
(237)
(375)
At 31 March 2025
107
2,139
2,246
Net book value
At 31 March 2025
232
1,387
1,619
At 31 March 2024
151
1,326
1,477
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,048
6,640
Accrued income and prepayments
1,127
1,187
Other debtors
6,015
-
10,190
7,827
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,956
6,898
Taxes and social security
9,404
10,157
Other creditors
-
1,848
14,360
18,903
7
Transactions with related parties
Included within debtors is an amount of £6,015 (2024: £nil) which is owed by the Director to the Company. Interest is not payable on this amount and there is no fixed date for repayment.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -