Company Registration No. 12546305 (England and Wales)
RETRODRIVESTUDIO Ltd
Unaudited accounts
for the year ended 30 April 2025
RETRODRIVESTUDIO Ltd
Unaudited accounts
Contents
RETRODRIVESTUDIO Ltd
Company Information
for the year ended 30 April 2025
Directors
Joseph Coggins
Marco Matascioli
Company Number
12546305 (England and Wales)
Registered Office
133 Beeleigh Link
Chelmsford
Essex
CM2 6PH
England
Accountants
Sky Life Accountancy Limited
Unit 32
Western Industrial Estate
Caerphilly
Caerphilly
CF83 1BE
RETRODRIVESTUDIO Ltd
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
286
1,295
Creditors: amounts falling due within one year
(2,040)
(10,316)
Net current assets/(liabilities)
561
(9,021)
Net assets/(liabilities)
578
(8,166)
Called up share capital
2
2
Profit and loss account
576
(8,168)
Shareholders' funds
578
(8,166)
For the year ending 30 April 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by
Joseph Coggins
Director
Company Registration No. 12546305
RETRODRIVESTUDIO Ltd
Notes to the Accounts
for the year ended 30 April 2025
RETRODRIVESTUDIO Ltd is a private company, limited by shares, registered in England and Wales, registration number 12546305. The registered office is 133 Beeleigh Link, Chelmsford, Essex, CM2 6PH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
RETRODRIVESTUDIO Ltd
Notes to the Accounts
for the year ended 30 April 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Total
5
Deferred taxation
2025
2024
Tax losses carried forward
(2,236)
-
Credited to the profit and loss account
(2,236)
-
Provision at end of year
(2,236)
-
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.
During the year, the company made interest-free advances to the directors amounting to £750. These were repayable on demand. The company received credits of £1,844.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).