REGISTERED NUMBER: 04708949 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Steve Russell Studios Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Russell

REGISTERED OFFICE:

Unit 8a Chalford Industrial Estate

Chalford

Stroud

Gloucestershire

GL6 8NT

REGISTERED NUMBER:

04708949 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

234,245

242,626

234,245

242,626

CURRENT ASSETS

Stocks

3,243

3,373

Debtors

6

47,535

52,282

Cash at bank and in hand

39,613

20,000

90,391

75,655

CREDITORS

Amounts falling due within one year

7

68,703

48,367

NET CURRENT ASSETS

21,688

27,288

TOTAL ASSETS LESS CURRENT LIABILITIES

255,933

269,914

CREDITORS

Amounts falling due after more than one year

8

3,222

17,523

NET ASSETS

252,711

252,391

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

252,611

252,291

SHAREHOLDERS' FUNDS

252,711

252,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

Mr S Russell - Director

1.	STATUTORY INFORMATION

Steve Russell Studios Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

50,000

AMORTISATION

At 1 July 2024

and 30 June 2025

50,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

191,953

269,881

461,834

Additions

-

6,855

6,855

At 30 June 2025

191,953

276,736

468,689

DEPRECIATION

At 1 July 2024

-

219,208

219,208

Charge for year

-

15,236

15,236

At 30 June 2025

-

234,444

234,444

NET BOOK VALUE

At 30 June 2025

191,953

42,292

234,245

At 30 June 2024

191,953

50,673

242,626

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

47,196

52,049

Other debtors

339

233

47,535

52,282

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

14,301

14,591

Trade creditors

1,547

3,893

Taxation and social security

31,103

28,268

Other creditors

21,752

1,615

68,703

48,367

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

3,222

17,523