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Company Registration No. 11677423 (England and Wales)
Midnight Studio IO Ltd Unaudited accounts for the year ended 31 December 2025
Midnight Studio IO Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Midnight Studio IO Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,599
14,640
Current assets
Debtors
5
90,154
101,227
Cash at bank and in hand
23,886
50,234
114,040
151,461
Creditors: amounts falling due within one year
6
(109,194)
(165,070)
Net current assets/(liabilities)
4,846
(13,609)
Net assets
15,445
1,031
Capital and reserves
Called up share capital
100
100
Profit and loss account
15,345
931
Shareholders' funds
15,445
1,031
For the year ending 31 December 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.
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 9 June 2026 and were signed on its behalf by
Shaun Weaver Director Company Registration No. 11677423
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Midnight Studio IO Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Midnight Studio IO Ltd is a private company, limited by shares, registered in England and Wales, registration number 11677423. The registered office is 85 Great Portland Street, London, W1W 7LT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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% straight line
Computer equipment
25% straight line
Pension costs
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.
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Midnight Studio IO Ltd Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
15,108
5,975
21,083
Additions
-
1,353
1,353
At 31 December 2025
15,108
7,328
22,436
Depreciation
At 1 January 2025
4,628
1,815
6,443
Charge for the year
3,684
1,710
5,394
At 31 December 2025
8,312
3,525
11,837
Net book value
At 31 December 2025
6,796
3,803
10,599
At 31 December 2024
10,480
4,160
14,640
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
71,510
58,647
Accrued income and prepayments
7,075
1,264
Other debtors
8,869
-
87,454
59,911
Amounts falling due after more than one year
Trade debtors
-
375
Other debtors
2,700
40,941
2,700
41,316
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,291
27,969
Taxes and social security
65,096
124,262
Other creditors
22,152
911
Deferred income
8,655
11,928
109,194
165,070
7
Average number of employees
During the year the average number of employees was 7 (2024: 5).
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