Elephant Road Studio Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09486895

Elephant Road Studio Limited

Filleted Unaudited Financial Statements

31 March 2025

Elephant Road Studio Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Elephant Road Studio Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		874		534

Current assets

Stocks		25,181	25,181
Debtors	6	4,315	32,315
Cash at bank and in hand		138,628	115,538
		---------	---------
		168,124	173,034

Creditors: amounts falling due within one year	7	59,712		98,759
		---------		---------
Net current assets			108,412		74,275
			---------		--------
Total assets less current liabilities			109,286		74,809

Creditors: amounts falling due after more than one year	8	500	3,500
		---------	--------
Net assets		108,786	71,309
		---------	--------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		108,686	71,209
		---------	--------
Shareholders funds		108,786	71,309
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Elephant Road Studio Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

A J Baker
Director

Company registration number: 09486895

Elephant Road Studio Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024	1,659	1,659
Additions	632	632
	-------	-------
At 31 March 2025	2,291	2,291
	-------	-------
Depreciation
At 1 April 2024	1,125	1,125
Charge for the year	292	292
	-------	-------
At 31 March 2025	1,417	1,417
	-------	-------
Carrying amount
At 31 March 2025	874	874
	-------	-------
At 31 March 2024	534	534
	-------	-------

6. Debtors

	2025	2024
	£	£
Director's loan account	1,354	29,354
Other debtors	2,961	2,961
	-------	--------
	4,315	32,315
	-------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,000	3,000
Trade creditors	1,837	–
Accruals and deferred income	3,115	3,160
Corporation tax	32,227	35,499
Social security and other taxes	19,335	11,946
Other creditors	198	45,154
	--------	--------
	59,712	98,759
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	500	3,500
	----	-------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Director's advances, credits and guarantees

At the year end the director owed the company £1,354 (2024: £29,354) which is shown amongst debtors. This amount was repaid within 9 months of the year end. No interest has been charged on this amount.