Company registration number: 02641887
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
The Old Smithy Recording Studios Limited
Pages for filing with the Registrar
Company registration number: 02641887
The Old Smithy Recording Studios Limited
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 10,360 11,511
10,360 11,511
Current assets
Debtors 13,463 61,971
Cash at bank and in hand 6 3,695
13,469 65,666
Creditors: amounts falling due within one year
(13,011) (18,305)
Net current assets 458 47,361
Total assets less current liabilities 10,818 58,872
Creditors: Amounts falling due after more than one year
(217,764) (198,951)
NET LIABILITIES (206,946) (140,079)
Capital and reserves
Called up share capital 2 2
Profit and loss account (206,948) (140,081)
TOTAL EQUITY (206,946) (140,079)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02641887
The Old Smithy Recording Studios Limited
Balance sheet - continued
as at 31 October 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 July 2026 and signed on its behalf by:
Mrs V Murfin, Director
31 July 2026
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The Old Smithy Recording Studios Limited
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
The Old Smithy Recording Studios Limited is a private company registered in England and Wales. Its registered number is 02641887. The company is limited by shares. Its registered office is The Old Smithy,, 1, Post Office Lane,, Kempsey,, Worcester., WR5 3NS.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Studio equipment - 10% reducing balance
Furniture & fittings - 10% reducing balance
Computers - 25% reducing balance
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
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The Old Smithy Recording Studios Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 November 2024 202,421
At 31 October 2025 202,421
Depreciation
At 1 November 2024 190,910
Charge for year 1,151
At 31 October 2025 192,061
Net book value
At 31 October 2025 10,360
At 31 October 2024 11,511
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