Company Registration No. 10774867 (England and Wales)
DESIGN STUDIO 73 LIMITED
Unaudited accounts
for the year ended 31 May 2025
DESIGN STUDIO 73 LIMITED
Unaudited accounts
Contents
DESIGN STUDIO 73 LIMITED
Company Information
for the year ended 31 May 2025
Company Number
10774867 (England and Wales)
Registered Office
Suite 5, 4 Old Lodge Place
St Margarets Road
Twickenham
Lndon
TW1 3RQ
England
Accountants
GIA Foley & Co
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
DESIGN STUDIO 73 LIMITED
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
15,640
16,873
Creditors: amounts falling due within one year
(23,361)
(15,570)
Net current assets
14,493
13,783
Called up share capital
2
2
Profit and loss account
14,491
13,781
Shareholders' funds
14,493
13,783
For the year ending 31 May 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 19 November 2025 and were signed on its behalf by
G R Magowan
Director
Company Registration No. 10774867
DESIGN STUDIO 73 LIMITED
Notes to the Accounts
for the year ended 31 May 2025
DESIGN STUDIO 73 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10774867. The registered office is Suite 5, 4 Old Lodge Place, St Margarets Road, Twickenham, Lndon, TW1 3RQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
33% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Computer equipment
DESIGN STUDIO 73 LIMITED
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Accrued income and prepayments
416
1,144
Other debtors
7,883
11,071
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,602
6,273
Taxes and social security
3,516
3,195
Loans from directors
335
-
7
Average number of employees
During the year the average number of employees was 1 (2024: 2).