REGISTERED NUMBER: 07947495 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

VIBE STUDIO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Prepeleac

Mrs S T Solomonea

REGISTERED OFFICE:

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

REGISTERED NUMBER:

07947495 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

HSBC plc

99-101 Lord Street

Liverpool

Merseyside

L2 6PG

FIXED ASSETS

Tangible assets

4

749

1,499

CURRENT ASSETS

Debtors

5

1,215

20,805

Cash at bank

260

5,726

1,475

26,531

CREDITORS

Amounts falling due within one year

6

12,350

22,281

NET CURRENT (LIABILITIES)/ASSETS

(10,875

)

4,250

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,126

)

5,749

CREDITORS

Amounts falling due after more than one year

7

1,287

5,359

NET (LIABILITIES)/ASSETS

(11,413

)

390

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(11,513

)

290

(11,413

)

390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

R Prepeleac - Director

1.	STATUTORY INFORMATION

Vibe Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Tangible fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2024

and 28 February 2025

9,042

DEPRECIATION

At 1 March 2024

7,543

Charge for year

750

At 28 February 2025

8,293

NET BOOK VALUE

At 28 February 2025

749

At 29 February 2024

1,499

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

450

5,220

Other debtors

765

15,585

1,215

20,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

3,953

3,953

Trade creditors

412

486

Taxation and social security

1,571

12,681

Other creditors

6,414

5,161

12,350

22,281

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

1,287

5,359

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans totalling £1,598 are due to the company's directors (2024 - £11,652 due to the company). Interest has not been charged on the loans.