Company Registration No. 10626410 (England and Wales)
STUDIO WERC LIMITED
Unaudited accounts
for the year ended 28 February 2026
STUDIO WERC LIMITED
Unaudited accounts
Contents
STUDIO WERC LIMITED
Company Information
for the year ended 28 February 2026
Directors
Robert Gregory Cullen
Edward Timothy Ward
Company Number
10626410 (England and Wales)
Registered Office
40 LISLE CLOSE
LONDON
SW17 6LB
UNITED KINGDOM
Accountants
Cone Accounting Limited
124 City Road
London
EC1V 2NX
STUDIO WERC LIMITED
Statement of financial position
as at 28 February 2026
Tangible assets
26,039
10,596
Cash at bank and in hand
210,718
163,480
Creditors: amounts falling due within one year
(151,584)
(156,077)
Net current assets
184,919
119,712
Net assets
210,958
130,308
Called up share capital
2
2
Profit and loss account
210,956
130,306
Shareholders' funds
210,958
130,308
For the year ending 28 February 2026 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by
Robert Gregory Cullen
Director
Company Registration No. 10626410
STUDIO WERC LIMITED
Notes to the Accounts
for the year ended 28 February 2026
STUDIO WERC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10626410. The registered office is 40 LISLE CLOSE, LONDON, SW17 6LB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line 10.00%
Plant & machinery
Straight Line 20.00%
Fixtures & fittings
Reducing Balance & Straight Line 25.00%
Computer equipment
Straight Line 33.33%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
STUDIO WERC LIMITED
Notes to the Accounts
for the year ended 28 February 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2025
-
313
2,134
35,787
38,234
Additions
15,191
-
7,841
217
23,249
At 28 February 2026
15,191
313
9,975
36,004
61,483
At 1 March 2025
-
172
1,411
26,055
27,638
Charge for the year
719
63
1,568
5,456
7,806
At 28 February 2026
719
235
2,979
31,511
35,444
At 28 February 2026
14,472
78
6,996
4,493
26,039
At 28 February 2025
-
141
723
9,732
10,596
Amounts falling due within one year
Trade debtors
90,155
82,278
Accrued income and prepayments
29,071
30,031
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
(632)
10,745
Taxes and social security
63,759
49,636
Other creditors
1,497
1,521
Loans from directors
24,534
30,879
Allotted, called up and fully paid:
50 Ordinary shares A of £0.02 each
1
1
50 Ordinary shares B of £0.02 each
1
1
8
Average number of employees
During the year the average number of employees was 12 (2025: 10).