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
Midnight Studio IO Ltd
Statement of financial position
as at 31 December 2025
Tangible assets
10,599
14,640
Cash at bank and in hand
23,886
50,234
Creditors: amounts falling due within one year
(109,194)
(165,070)
Net current assets/(liabilities)
4,846
(13,609)
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
Midnight Studio IO Ltd
Notes to the Accounts
for the year ended 31 December 2025
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.
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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.
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
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.
Midnight Studio IO Ltd
Notes to the Accounts
for the year ended 31 December 2025
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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
At 31 December 2025
15,108
7,328
22,436
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
At 31 December 2025
6,796
3,803
10,599
At 31 December 2024
10,480
4,160
14,640
Amounts falling due within one year
Trade debtors
71,510
58,647
Accrued income and prepayments
7,075
1,264
Amounts falling due after more than one year
Other debtors
2,700
40,941
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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
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Average number of employees
During the year the average number of employees was 7 (2024: 5).