REGISTERED NUMBER: 05499434 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Science Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Kean

REGISTERED OFFICE:

12 Enterprise Court

Queens Meadow Business Park

Hartlepool

TS25 2FE

REGISTERED NUMBER:

05499434 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

Fixed assets

Intangible assets

3

-

-

Tangible assets

4

898

1,123

898

1,123

Current assets

Stocks

371,908

293,655

Debtors

5

108,278

137,637

Cash at bank

20,629

1,046

500,815

432,338

Creditors

Amounts falling due within one year

6

(182,604

)

(203,513

)

Net current assets

318,211

228,825

Total assets less current liabilities

319,109

229,948

Creditors

Amounts falling due after more than one year

7

-

(7,500

)

Net assets

319,109

222,448

Capital and reserves

Called up share capital

150

150

Share premium

9

68,754

68,754

Retained earnings

9

250,205

153,544

319,109

222,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

S Kean - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of eleven years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

55,000

AMORTISATION

At 1 September 2024

and 31 August 2025

55,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

14,941

32,100

47,041

DEPRECIATION

At 1 September 2024

13,818

32,100

45,918

Charge for year

225

-

225

At 31 August 2025

14,043

32,100

46,143

NET BOOK VALUE

At 31 August 2025

898

-

898

At 31 August 2024

1,123

-

1,123

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

90,947

136,958

VAT

15,298

-

Prepayments and accrued income

2,033

679

108,278

137,637

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,500

10,000

Trade creditors

139,339

148,432

Pension Payable

-

1,680

Corporation tax

30,010

34,323

Social security and other tax

2,307

2,212

VAT

-

3,613

Directors' current accounts

753

688

Accruals and deferred income

2,695

2,565

182,604

203,513

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

7,500

17,500

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 September 2024

153,544

68,754

222,298

Profit for the year

97,161

97,161

Dividends

(500

)

(500

)

At 31 August 2025

250,205

68,754

318,959