Studio IMA Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC640215

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,986		5,128

			12,986		5,128
CURRENT ASSETS
Debtors	5	37,026		27,526
Cash at bank and in hand		143,187		116,266

		180,213		143,792
Creditors: Amounts Falling Due Within One Year	6	(47,715 )		(51,437 )

NET CURRENT ASSETS (LIABILITIES)			132,498		92,355

TOTAL ASSETS LESS CURRENT LIABILITIES			145,484		97,483

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,467 )		-

NET ASSETS			143,017		97,483

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			142,917		97,383

SHAREHOLDERS' FUNDS			143,017		97,483

Page 1

Page 2

Studio IMA Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Iain MacLeod

Director

29/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Studio IMA Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC640215 . The registered office is 21 Morton Street, Edinburgh, Scotland, EH15 2HN.

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. 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:

Plant & Machinery	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.4. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	-	6,467	4,062	10,529
Additions	11,070	615	501	12,186

As at 31 August 2025	11,070	7,082	4,563	22,715

Depreciation
As at 1 September 2024	-	2,314	3,087	5,401
Provided during the period	2,768	1,192	368	4,328

As at 31 August 2025	2,768	3,506	3,455	9,729

...CONTINUED

Page 3

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Studio IMA Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	8,302	3,576	1,108	12,986

As at 1 September 2024	-	4,153	975	5,128

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,760	-
Other debtors	28,266	27,526

	37,026	27,526

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,910	17,206
Taxation and social security	44,805	34,231

	47,715	51,437

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

9. Ultimate Controlling Party

The company's ultimate controlling party is Iain MacLeod by virtue of his ownership of 100% of the issued share capital in the company.