Studioxchange Limited 31/03/2025 iXBRL

Company registration number: 06530468

Studioxchange Limited

Unaudited filleted financial statements

31 March 2025

Studioxchange Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Studioxchange Limited

Directors and other information


	Directors	Mr Paul Woodhead
		Mr D Harford
		Mr DWR Chapman


	Company number	06530468


	Registered office	5 Focal Point
		Lacerta Court
		Letchworth
		SG6 1FJ


	Business address	5 Focal Point
		Lacerta Court
		Letchworth
		SG6 1FJ


	Accountants	Hardcastle Blake
		19 New Road
		Drayton Parslow
		Milton Keynes
		MK17 0JH

Studioxchange Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Studioxchange Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Studioxchange Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Studioxchange Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Studioxchange Limited and state those matters that we have agreed to state to the board of directors of Studioxchange Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studioxchange Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Studioxchange Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Studioxchange Limited. You consider that Studioxchange Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Studioxchange Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardcastle Blake

Chartered Accountants

19 New Road

Drayton Parslow

Milton Keynes

MK17 0JH

30 December 2025

Studioxchange Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	12,531		13,543
Tangible assets	6	542,641		468,911
Investments	7	132,500		132,500
		_______		_______
			687,672		614,954

Current assets
Stocks		302,604		450,703
Debtors	8	248,651		278,838
Cash at bank and in hand		870,382		804,602
		_______		_______
		1,421,637		1,534,143
Creditors: amounts falling due
within one year	9	( 681,200)		( 622,076)
		_______		_______
Net current assets			740,437		912,067
			_______		_______
Total assets less current liabilities			1,428,109		1,527,021

Creditors: amounts falling due
after more than one year	10		( 209,714)		( 230,235)

Provisions for liabilities			( 126,578)		( 111,703)

			_______		_______
Net assets			1,091,817		1,185,083
			_______		_______

Capital and reserves
Called up share capital			1,021		1,021
Share premium account			4,979		4,979
Profit and loss account			1,085,817		1,179,083
			_______		_______
Shareholder funds			1,091,817		1,185,083
			_______		_______

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.

Directors responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr Paul Woodhead

Director

Company registration number: 06530468

Studioxchange Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 April 2023 (as previously reported)	2	-	1,254,355	1,254,357
Prior period adjustments	(-)	(-)	(71,699)	(71,699)
	_______	_______	_______	_______
At 1 April 2023 (restated)	2	-	1,182,656	1,182,658

(Loss)/profit for the year			86,124	86,124
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	86,124	86,124

Issue of shares	21	4,979		5,000
Issue of bonus shares	998	-	( 998)	-
Dividends paid and payable			( 88,699)	( 88,699)
	_______	_______	_______	_______
Total investments by and distributions to owners	1,019	4,979	( 89,697)	( 83,699)

	_______	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,021	4,979	1,179,083	1,185,083

(Loss)/profit for the year			( 17,309)	( 17,309)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 17,309)	( 17,309)

Dividends paid and payable			( 75,957)	( 75,957)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 75,957)	( 75,957)

	_______	_______	_______	_______
At 31 March 2025	1,021	4,979	1,085,817	1,091,817
	_______	_______	_______	_______

Studioxchange 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 & Wales. The address of the registered office is 5 Focal Point, Lacerta Court, Letchworth, SG6 1FJ.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .

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 stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

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

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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.

Share-based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024	21,076	21,076
Additions	4,004	4,004
	_______	_______
At 31 March 2025	25,080	25,080
	_______	_______
Amortisation
At 1 April 2024	7,533	7,533
Charge for the year	5,016	5,016
	_______	_______
At 31 March 2025	12,549	12,549
	_______	_______
Carrying amount
At 31 March 2025	12,531	12,531
	_______	_______
At 31 March 2024	13,543	13,543
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Demo Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	77,877	147,760	386,544	118,859	731,040
Additions	12,628	155,257	89,972	8,034	265,891
Disposals	-	-	( 153,793)	-	( 153,793)
	_______	_______	_______	_______	_______
At 31 March 2025	90,505	303,017	322,723	126,893	843,138
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	50,095	44,118	121,730	46,185	262,128
Charge for the year	8,524	23,282	35,282	14,535	81,623
Disposals	-	-	( 43,254)	-	( 43,254)
	_______	_______	_______	_______	_______
At 31 March 2025	58,619	67,400	113,758	60,720	300,497
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	31,886	235,617	208,965	66,173	542,641
	_______	_______	_______	_______	_______
At 31 March 2024	27,782	103,642	264,814	72,674	468,912
	_______	_______	_______	_______	_______

7. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	132,500	132,500
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	132,500	132,500
	_______	_______
At 31 March 2024	132,500	132,500
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	111,407	165,769
Other debtors	137,244	113,069
	_______	_______
	248,651	278,838
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	134,161	134,473
Trade creditors	399,528	421,464
Corporation tax	53,201	20,315
Social security and other taxes	50,211	-
Other creditors	44,099	45,824
	_______	_______
	681,200	622,076
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	71,683	78,403
Other creditors	138,031	151,832
	_______	_______
	209,714	230,235
	_______	_______

The long term loan is secured by a charge over the investment property

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr Paul Woodhead	2,500	( 2,500)	-
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr Paul Woodhead	20,000	( 17,500)	2,500
		_______	_______	_______

12. Controlling party

The company is controlled by Mr P Woodhead - director by virtue of his majority shareholding in the company