REGISTERED NUMBER: 04413136 (England and Wales)

JASON BRUGES STUDIO LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

J Bruges

Registered office:

Netil House

1 Westgate Street

London

E8 3RL

Registered number:

04413136 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

33,207

36,241

Current assets

Stocks

71,719

71,719

Debtors

5

823,946

558,432

Cash at bank

483,395

453,081

1,379,060

1,083,232

Creditors

Amounts falling due within one year

6

935,288

501,900

Net current assets

443,772

581,332

Total assets less current liabilities

476,979

617,573

Creditors

Amounts falling due after more than one year

7

55,592

111,147

Net assets

421,387

506,426

Capital and reserves

Called up share capital

9

99

99

Retained earnings

10

421,288

506,327

Shareholders' funds

421,387

506,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 August 2026 and were signed by:

J Bruges - Director

1.	Statutory information

Jason Bruges Studio 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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Tangible assets

Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the assets' lives, factors such as technological innovation,product life cycles and maintenance programmes are taken into account.

Long term contract

The assessment of the stage of completion of projects and therefore the amount of revenue recognised is affected by the assessment of future time costs that each project will incur through to completion. The costing of this time assessment is systematically driven but the estimation is made by project teams under supervision of the director and carries some risk of being misjudged due to unforeseen circumstances. Where a project is forecast to be loss making, provision is made for the estimated future costs to complete.

Impairment of debtors

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provision do not match the level of debts which ultimately prove to be uncollectable.

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 represents amounts receivable for architectural and technical consultation services net of VAT and

discounts.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The Company operates a defined benefit pension scheme for its UK employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Going concern

At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	Employees and directors

The average number of employees during the year was 23 (2024 - 25 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 May 2024

116,623

Additions

12,319

At 30 April 2025

128,942

Depreciation

At 1 May 2024

80,382

Charge for year

15,353

At 30 April 2025

95,735

Net book value

At 30 April 2025

33,207

At 30 April 2024

36,241

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

409,082

97,660

Amounts recoverable on contract

86,903

225,205

Other debtors

327,961

235,567

823,946

558,432

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

55,519

55,520

Trade creditors

118,780

81,047

Taxation and social security

79,859

57,609

Other creditors

681,130

307,724

935,288

501,900

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

55,592

111,147

8.	Leasing agreements

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

2025

2024

£

£

Within one year

96,781

165,172

Between one and five years

9,093

22,104

105,874

187,276

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

99

Ordinary

£1

99

99

10.

Reserves

Retained

earnings

£

At 1 May 2024

506,327

Profit for the year

34,961

Dividends

(120,000

)

At 30 April 2025

421,288

11.	Director's advances, credits and guarantees

At the balance sheet date, the director was owed a sum of £1,335 (2024: £652).The loan is interest free.

12.	Ultimate controlling party

The ultimate controlling party is J Bruges.