REGISTERED NUMBER: SC271269 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

STUDIO LR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Gray

A Gray

REGISTERED OFFICE:

25 The Bond Building

Breadalbane Street

Edinburgh

EH6 5JW

REGISTERED NUMBER:

SC271269 (Scotland)

FIXED ASSETS

Tangible assets

4

64,055

35,407

CURRENT ASSETS

Stocks

-

492

Debtors

5

131,591

171,451

Cash at bank

210,364

177,460

341,955

349,403

CREDITORS

Amounts falling due within one year

6

139,648

127,464

NET CURRENT ASSETS

202,307

221,939

TOTAL ASSETS LESS CURRENT LIABILITIES

266,362

257,346

CREDITORS

Amounts falling due after more than one year

7

(34,367

)

(4,381

)

PROVISIONS FOR LIABILITIES

(10,275

)

(3,483

)

NET ASSETS

221,720

249,482

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

221,620

249,382

SHAREHOLDERS' FUNDS

221,720

249,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

Mrs L Gray - Director

A Gray - Director

1.	STATUTORY INFORMATION

Studio LR Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

48,395

85,304

133,699

Additions

-

49,221

49,221

Disposals

-

(12,566

)

(12,566

)

At 31 August 2025

48,395

121,959

170,354

DEPRECIATION

At 1 September 2024

28,265

70,027

98,292

Charge for year

9,679

8,141

17,820

Eliminated on disposal

-

(9,813

)

(9,813

)

At 31 August 2025

37,944

68,355

106,299

NET BOOK VALUE

At 31 August 2025

10,451

53,604

64,055

At 31 August 2024

20,130

15,277

35,407

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

118,863

159,749

Other debtors

12,728

11,702

131,591

171,451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Payments on account

39,653

12,516

Trade creditors

8,959

25,656

Taxation and social security

56,105

64,925

Other creditors

34,931

24,367

139,648

127,464

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

34,367

4,381