Mish Studio Ltd - Accounts

Mish Studio Ltd
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	2,085	1,413
		2,085	1,413
Current assets
Debtors	4	7,018	14,405
Cash at bank and in hand		30,412	35,691
		37,430	50,096
Creditors: amount falling due within one year	5	(967)	(5,521)
Net current assets		36,463	44,575

Total assets less current liabilities		38,548	45,988
Provisions for liabilities	6	(396)	(269)
Net assets		38,152	45,719

Capital and reserves
Called up share capital		1	1
Profit and loss account		38,151	45,718
Shareholders' funds		38,152	45,719

For the year ended 31 May 2026 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 accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 26 August 2026 and were signed by:

-------------------------------
Asahi Sato
Director

Mish Studio Ltd
Notes to the Financial Statements
For the year ended 31 May 2026

General Information

Mish Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 14098507, registration address 71-75 Shelton Street, London, WC2H 9JQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 2).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 June 2025	258	2,027	2,285
Additions	-	2,199	2,199
Disposals	-	(1,109)	(1,109)
At 31 May 2026	258	3,117	3,375
Depreciation
At 01 June 2025	78	794	872
Charge for year	45	650	695
On disposals	-	(277)	(277)
At 31 May 2026	123	1,167	1,290
Net book values
Closing balance as at 31 May 2026	135	1,950	2,085
Opening balance as at 01 June 2025	180	1,233	1,413

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	9,485	14,405
Provision for Doubtful Debts	(2,790)	0
Prepayments & Accrued Income	261	0
PAYE & Social Security	62	0
	7,018	14,405

Creditors: amount falling due within one year

	2026 £	2025 £
Corporation Tax	967	5,406
PAYE & Social Security	0	116
Other Creditors	0	(1)
	967	5,521

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	396		269
	396		269


Registered Number: 14098507
England and Wales
MISH STUDIO LTD

Unaudited Financial Statements

Period of accounts Start date: 01 June 2025 End date: 31 May 2026