Registration number: 07855089

Cabinet Studios Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Cabinet Studios Limited

(Registration number: 07855089)
Abridged Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	9
Tangible assets	5	952	1,121
		952	1,130
Current assets
Stocks		9,574	8,857
Debtors		5,752	2,767
Cash at bank and in hand		2,246	4,780
		17,572	16,404
Creditors: Amounts falling due within one year		(15,750)	(11,732)
Net current assets		1,822	4,672
Net assets		2,774	5,802
Capital and reserves
Called up share capital		100	100
Profit and loss account		2,674	5,702
Total equity		2,774	5,802

Cabinet Studios Limited

(Registration number: 07855089)
Abridged Balance Sheet as at 30 November 2025

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 20 August 2026
 

Miss G Critchley

Director

Cabinet Studios Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales (Company Number 07855089).

The address of its registered office is:
Chimney Cottage
Brampford Speke
Exeter
Devon
EX5 5HG

These financial statements were authorised for issue by the director on 20 August 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have confirmed they will not seek full repayment of their loan within the next 12 months and remain supportive of the company.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred 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.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Cabinet Studios Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Cabinet Studios Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

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
Plant and machinery	20% Reducing Balance
Fixtures and fittings	15% Reducing Balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks, patents and licenses	5% Straight line

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Intangible assets

	Total £
Cost or valuation
At 1 December 2024	4,600
At 30 November 2025	4,600
Amortisation
At 1 December 2024	4,591
Amortisation charge	9
At 30 November 2025	4,600
Carrying amount
At 30 November 2025	-
At 30 November 2024	9

Cabinet Studios Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

5	Tangible assets

	Total £
Cost or valuation
At 1 December 2024	4,958
At 30 November 2025	4,958
Depreciation
At 1 December 2024	3,837
Charge for the year	169
At 30 November 2025	4,006
Carrying amount
At 30 November 2025	952
At 30 November 2024	1,121