UNFOLD STUDIO LIMITED


Directors	Mr H R Briscoe
	Mrs N A Briscoe


Registered Address	206 Krowji West Park
	Redruth
	TR15 3AJ


Registered Number	08930436 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		11,342		10,284
			11,342		10,284
Current assets
Debtors	5	34,736		39,937
Cash at bank and on hand		80,966		90,941
		115,702		130,878
Creditors amounts falling due within one year	6	(47,084)		(54,432)
Net current assets (liabilities)			68,618		76,446
Total assets less current liabilities			79,960		86,730
Provisions for liabilities			(2,155)		(1,954)
Net assets			77,805		84,776
Capital and reserves
Called up share capital			100		100
Profit and loss account			77,705		84,676
Shareholders' funds			77,805		84,776

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2025, and are signed on its behalf by:

Mr H R Briscoe
Director
Registered Company No. 08930436

UNFOLD STUDIO LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from artistic services and is recognised when the performance obligations have been satisfied.

	Operating leases
	Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable.

	Current taxation
	Current tax represents the amount of tax payable in respect of taxable profit for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax represents the amount of tax payable in respect of taxable profit for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business in 2014 has been fully amortised.

	Tangible fixed assets and depreciation
	Depreciation is calculated so as to write off the cost of an asset over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	10,500
	At 31 March 25	10,500
	Amortisation and impairment
	At 01 April 24	10,500
	At 31 March 25	10,500
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	36,173
	Additions	4,838
	At 31 March 25	41,011
	Depreciation and impairment
	At 01 April 24	25,889
	Charge for year	3,780
	At 31 March 25	29,669
	Net book value
	At 31 March 25	11,342
	At 31 March 24	10,284

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	33,769	38,855
Other debtors	230	230
Prepayments and accrued income	737	852
Total	34,736	39,937

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,364	2,348
Bank borrowings and overdrafts	2,795	-
Taxation and social security	14,850	19,689
Other creditors	26,025	29,766
Accrued liabilities and deferred income	1,050	2,629
Total	47,084	54,432

7.	Related party transactions
	As at the balance sheet date, the company owed the directors £22,687 (2024: £28,250). This amount is shown within creditors repayable within one year. The loan to the company is free of interest and repayable on demand.