Company Registration No. 10692942 (England and Wales)
The Stockport Studios Limited
Unaudited accounts
for the year ended 31 March 2026
The Stockport Studios Limited
Unaudited accounts
Contents
The Stockport Studios Limited
Company Information
for the year ended 31 March 2026
Director
Paul Michael Bowe
Company Number
10692942 (England and Wales)
Registered Office
Unit G2 6th Floor Pear Mill
Lower Bredbury
Stockport
Cheshire
SK6 2BP
ENGLAND
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
The Stockport Studios Limited
Statement of financial position
as at 31 March 2026
Tangible assets
97,615
118,653
Cash at bank and in hand
3,853
9,804
Creditors: amounts falling due within one year
(75,098)
(77,279)
Net current liabilities
(51,006)
(41,151)
Total assets less current liabilities
46,609
77,502
Creditors: amounts falling due after more than one year
(26,836)
(61,126)
Provisions for liabilities
Deferred tax
(18,547)
(15,608)
Called up share capital
90
90
Capital redemption reserve
10
10
Profit and loss account
946
488
Shareholders' funds
1,226
768
For the year ending 31 March 2026 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 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 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 and authorised for issue on 8 June 2026 and were signed on its behalf by
Paul Michael Bowe
Director
Company Registration No. 10692942
The Stockport Studios Limited
Notes to the Accounts
for the year ended 31 March 2026
The Stockport Studios Limited is a private company, limited by shares, registered in England and Wales, registration number 10692942. The registered office is Unit G2 6th Floor Pear Mill, Lower Bredbury, Stockport, Cheshire, SK6 2BP, 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.
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 which is the functional currency of the company.
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.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Stockport Studios Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
2,800
290,091
885
293,776
Additions
-
11,501
-
11,501
At 31 March 2026
2,800
301,592
885
305,277
At 1 April 2025
1,619
172,619
885
175,123
Charge for the year
295
32,244
-
32,539
At 31 March 2026
1,914
204,863
885
207,662
At 31 March 2026
886
96,729
-
97,615
At 31 March 2025
1,181
117,472
-
118,653
Amounts falling due within one year
Trade debtors
16,965
18,015
Accrued income and prepayments
1,066
1,645
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
34,290
38,985
Taxes and social security
5,361
805
Other creditors
12,759
11,497
Loans from directors
212
-
Loans of £34,290 due within one year comprise £333 (2025: £2,000) for a "BounceBack Loan" secured by HM Government.
A "recovery" loan due within one year of £33,957 (2025: £31,985) is secured by a fixed and floating charge over the assets of the company and a personal guarantee capped at £40,000 from the director.
A short term peer-to-peer loan of £nil (2025: £5,000) is unsecured.
7
Creditors: amounts falling due after more than one year
2026
2025
Loans of £26,836 due after one year comprise £nil (2025: £333) for a "BounceBack Loan" secured by HM Government.
A further "recovery" loan due after one year of £26,836 (2025: £60,793) is secured by a fixed and floating charge over the assets of the company and a personal guarantee capped at £40,000 from the director.
The Stockport Studios Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Deferred taxation
2026
2025
Accelerated capital allowances
18,547
22,544
Tax losses carried forward
-
(6,936)
Provision at start of year
15,608
9,254
Charged to the profit and loss account
2,939
6,354
Provision at end of year
18,547
15,608
Allotted, called up and fully paid:
90 Ordinary shares of £1 each
90
90
10
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
70,176
73,987
Later than one year and not later than five years
299,155
102,631
Later than five years
83,447
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured interest free loan with no set date for repayment
5,455
-
5,455
-
The loan balance of £5,455 was fully repaid by 31 May 2025.
12
Transactions with related parties
PM Bowe (Director and shareholder)
Dividends paid in the year: £22,500 (2025: £36,401)
13
Average number of employees
During the year the average number of employees was 4 (2025: 4).