Nordic Studio By Biehl Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: SC694826

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		23,967		21,580

			23,967		21,580
CURRENT ASSETS
Stock	5	80,284		-
Debtors	6	145,686		199,887
Cash at bank and in hand		11,500		62,559

		237,470		262,446
Creditors: Amounts Falling Due Within One Year	7	(189,936 )		(42,641 )

NET CURRENT ASSETS (LIABILITIES)			47,534		219,805

TOTAL ASSETS LESS CURRENT LIABILITIES			71,501		241,385

Creditors: Amounts Falling Due After More Than One Year	8		(177,512 )		(158,286 )

NET (LIABILITIES)/ASSETS			(106,011 )		83,099

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(106,111 )		82,999

SHAREHOLDERS' FUNDS			(106,011)		83,099

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Nordic Studio By Biehl Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Kleberg

Director

30 December 2025

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Nordic Studio By Biehl Limited is a private company, limited by shares, incorporated in Scotland, registered number SC694826 . The registered office is 4b Harrison Lane, Edinburgh, Midlothian, EH11 1HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. With their continued support, the directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5 years straight line
Plant & Machinery	5 years straight line
Motor Vehicles	4 years straight line
Computer Equipment	3 years straight line

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Nordic Studio By Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 8)

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Nordic Studio By Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	-	5,076	29,258	4,595	38,929
Additions	7,912	2,302	-	4,695	14,909

As at 31 December 2024	7,912	7,378	29,258	9,290	53,838

Depreciation
As at 1 January 2024	-	2,113	12,191	3,045	17,349
Provided during the period	1,231	1,595	7,315	2,381	12,522

As at 31 December 2024	1,231	3,708	19,506	5,426	29,871

Net Book Value
As at 31 December 2024	6,681	3,670	9,752	3,864	23,967

As at 1 January 2024	-	2,963	17,067	1,550	21,580

5. Stock

	2024	2023
	£	£
Stock	80,284	-

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	23,303	4,974
Amounts owed by group undertakings	66,607	134,091
Other debtors	55,776	60,822

	145,686	199,887

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Nordic Studio By Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	5,211	4,860
Trade creditors	76,068	19,609
Other creditors	37,030	4,215
Taxation and social security	71,627	13,957

	189,936	42,641

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	2,745	7,955
Other loans	174,767	150,331

	177,512	158,286

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,211	4,860
Later than one year and not later than five years	2,745	7,955

	7,956	12,815

	7,956	12,815

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Mogens Kleberg	37,496	36,222	(5,423 )	(37,000)	31,295

The above loan is unsecured, interest free and repayable on demand.

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Nordic Studio By Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Related Party Transactions

As at 31 December 2024, the Company was owed £39,559 (2023: £39,618) by Biehl Limited, a company with common directors.

As at 31 December 2024, the Company was owed £27,047 (2023: £94,472) by Nordic Living by Biehl Limited, a company with common directors.

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