REGISTERED NUMBER: 11763581 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

STUDIO MIKO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A P Denmark

A G M Millen

REGISTERED OFFICE:

Seebohm House

2-4 Queen Street

Norwich

Norfolk

NR2 4SQ

REGISTERED NUMBER:

11763581 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

4

34,577

28,563

CURRENT ASSETS

Debtors

5

553,622

400,300

Investments

6

1,191,880

758,661

Cash at bank

57,884

224,845

1,803,386

1,383,806

CREDITORS

Amounts falling due within one year

7

215,524

200,324

NET CURRENT ASSETS

1,587,862

1,183,482

TOTAL ASSETS LESS CURRENT LIABILITIES

1,622,439

1,212,045

PROVISIONS FOR LIABILITIES

5,579

5,505

NET ASSETS

1,616,860

1,206,540

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

33,271

8,661

Retained earnings

1,583,587

1,197,877

1,616,860

1,206,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 23 July 2026 and were signed on its behalf by:

L A P Denmark - Director

A G M Millen - Director

1.	STATUTORY INFORMATION

Studio Miko Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

35% on reducing balance, 33% on cost and 25% on cost

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.

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.

Current asset investments

Current asset investments are accounted for at fair value. In accordance with paragraph 11.2 of FRS102 the company has chosen to follow the recognition and measurement provisions of IAS39 Financial Instruments and classified the current asset investments as Available-for-sale. Fair value gains and losses are recognised in Other Comprehensive Income and transferred to the Fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

53,891

Additions

27,266

At 31 March 2026

81,157

DEPRECIATION

At 1 April 2025

25,328

Charge for year

21,252

At 31 March 2026

46,580

NET BOOK VALUE

At 31 March 2026

34,577

At 31 March 2025

28,563

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

305,641

155,518

Other debtors

247,981

244,782

553,622

400,300

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Investment bond

1,191,880

758,661

During the year a fair value gain of £32,713 (2025: £8,661) has been recognised on the current asset investments which has been credited to the fair value reserve.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

10,633

14,185

Taxation and social security

200,771

182,482

Other creditors

4,120

3,657

215,524

200,324

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

28,000

28,000

Between one and five years

28,000

56,000

56,000

84,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

A G M Millen

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

The loan to A G M Millen is unsecured and interest free.