Registration number: 03373123

5th Studio Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

5th Studio Ltd

Company Information

Directors

Professor Thomas Simeon David Holbrook Mr Oliver Smith

Company secretary

Professor Thomas Simeon David Holbrook

Registered office

Unit 8 Dales Brewery Gwydir Street Cambridge Cambridgeshire CB1 2LJ

Accountants

Tayabali & White 5 High Green Great Shelford Cambridge CB22 5EG

5th Studio Ltd

(Registration number: 03373123)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	5,936	2,012
Current assets
Stocks	5	337,913	505,313
Debtors	6	261,415	222,456
Cash at bank and in hand		5,922	-
		605,250	727,769
Creditors: Amounts falling due within one year	7	(373,001)	(478,063)
Net current assets		232,249	249,706
Total assets less current liabilities		238,185	251,718
Creditors: Amounts falling due after more than one year	7	(189,713)	(212,525)
Net assets		48,472	39,193
Capital and reserves
Called up share capital	8	1,020	1,020
Retained earnings		47,452	38,173
Shareholders' funds		48,472	39,193

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 August 2026 and signed on its behalf by:
 

......................................... Mr Oliver Smith Director

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 03373123.

The address of its registered office is:
Unit 8 Dales Brewery
Gwydir Street
Cambridge
Cambridgeshire
CB1 2LJ

These financial statements were authorised for issue by the Board on 17 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

The financial statements are prepared in £ sterling, which is the functional currency of the entity.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line basis
Office equipment	25% straight line basis

Stocks

Work in progress is calculated by percentage of the contract value time completed, less value already invoiced.

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2025 - 18).

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 April 2025	59,857	23,210	5,494	88,561
Additions	6,409	-	-	6,409
At 31 March 2026	66,266	23,210	5,494	94,970
Depreciation
At 1 April 2025	59,676	23,210	3,663	86,549
Charge for the year	1,111	-	1,374	2,485
At 31 March 2026	60,787	23,210	5,037	89,034
Carrying amount
At 31 March 2026	5,479	-	457	5,936
At 31 March 2025	181	-	1,831	2,012

5

Stocks

	2026 £	2025 £
Work in progress	337,913	505,313

6

Debtors

Current	2026 £	2025 £
Trade debtors	230,248	181,197
Prepayments	31,167	20,016
Other debtors	-	21,243
	261,415	222,456

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	153,966	167,239
Trade creditors		52,845	84,156
Taxation and social security		125,426	180,744
Accruals and deferred income		19,245	6,354
Other creditors		21,519	39,570
		373,001	478,063

Creditors include bank borrowngs of £63,506 (2025 - £nil) which are secured by personal guarantees from the Directors.

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	189,713	212,525

Creditors include bank borrowings of £76,982 (2025 £nil) which are secured by personal guarantees from the Directors.

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary £1 of £1 each	1,020	1,020	1,020	1,020

5th Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	90,974	29,861
Other borrowings	98,739	182,664
	189,713	212,525

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	148,633	157,025
Bank overdrafts	-	3,839
Other borrowings	5,333	6,375
	153,966	167,239