Company No: 05937229 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

P Anderson

Secretary

W Anderson

Registered office	2nd Floor
	168 Shoreditch High Street
	London
	United Kingdom

Company number

05937229 (England and Wales)

Accountant	Kreston Reeves LLP
	168 Shoreditch High Street
	2nd Floor
	London
	E1 6RA
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	43,234		57,632
Investments	4	0		20,000
		43,234		77,632
Current assets
Stocks	5	38,400		35,200
Debtors	6	211,797		82,623
Cash at bank and in hand		596,828		658,913
		847,025		776,736
Creditors: amounts falling due within one year	7, 9	( 137,443)		( 103,302)
Net current assets		709,582		673,434
Total assets less current liabilities		752,816		751,066
Net assets		752,816		751,066
Capital and reserves
Called-up share capital		100		100
Profit and loss account		752,716		750,966
Total shareholders' funds		752,816		751,066

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

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Peter Anderson Studio Limited (registered number: 05937229) were approved and authorised for issue by the Director on 27 July 2026. They were signed on its behalf by:

P Anderson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Peter Anderson Studio Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	10		10

3. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 November 2024	5,742		106,953		112,695
At 31 October 2025	5,742		106,953		112,695
Accumulated depreciation
At 01 November 2024	3,887		51,176		55,063
Charge for the financial year	454		13,944		14,398
At 31 October 2025	4,341		65,120		69,461
Net book value
At 31 October 2025	1,401		41,833		43,234
At 31 October 2024	1,855		55,777		57,632

4. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 November 2024	20,000		20,000
At 31 October 2025	20,000		20,000
Provisions for impairment
At 01 November 2024	0		0
Impairment	20,000		20,000
At 31 October 2025	20,000		20,000
Carrying value at 31 October 2025	0		0
Carrying value at 31 October 2024	20,000		20,000

5. Stocks

	2025		2024
	£		£
Stocks	38,400		35,200

6. Debtors

	2025		2024
	£		£
Trade debtors	200,463		73,330
Other debtors	11,334		9,293
	211,797		82,623

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	39,902		16,454
Amounts owed to director	630		2,038
Accruals	4,000		4,000
Taxation and social security	91,867		80,810
Other creditors	1,044		0
	137,443		103,302

8. Related party transactions

At the balance sheet date included in Creditors: amounts falling due within one year is a joint loan from the directors, to the company of £630 (2024: £2,038). This loan is interest free and repayable on demand.

9. Pension Commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,662 (2024 - £47,303) Contributions totalling £1,044 (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.