Tom's Studio Ltd - Filleted accounts

Registered number

13232868

Tom's Studio Ltd

Filleted Accounts

28 February 2026

Tom's Studio Ltd
Registered number:		13232868
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		55,693			37,652
Tangible assets	4		750,548			25,754
			806,241			63,406

Current assets
Stocks		972,219			387,608
Debtors	6	214,020			109,931
Cash at bank and in hand		848,020			902,364
		2,034,259			1,399,903

Creditors: amounts falling due within one year	7	(975,759)			(619,344)

Net current assets			1,058,500			780,559

Total assets less current liabilities			1,864,741			843,965

Creditors: amounts falling due after more than one year	8		(395,147)			-

Provisions for liabilities	9		(45,653)			-

Net assets			1,423,941			843,965

Capital and reserves
Called up share capital			1,603			100
Profit and loss account			1,422,338			843,865

Shareholders' funds			1,423,941			843,965

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jason Malone
Director
Approved by the board on 14 October 2026

Tom's Studio Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	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).
	The company has elected to apply early the Periodic Review 2024 amendments to FRS 102, which are otherwise effective for accounting periods beginning on or after 1 January 2026. The amendments have been applied from 1 March 2025. Consequently, the company has applied the revised requirements of Section 20 of FRS 102 to its property leases and recognised right-of-use assets and corresponding lease liabilities.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. No amortisation charge has been recognised in the year as the resulting charge is not considered material to the financial statements. The carrying value of the patents and trademarks is reviewed by management annually for indicators of impairment.

	Tangible fixed assets
	Tangible fixed assets and right-of-use assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets and right-of-use assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life or lease term, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years
	Right-of-use assets			over the lease term

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.



	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	The company recognises a right-of-use asset and a corresponding lease liability at the commencement date of lease arrangements. The lease liability is initially measured at the present value of future lease payments, discounted using the applicable incremental borrowing rate. The lease liability is subsequently measured at amortised cost using the effective interest method. The right-of-use asset is initially measured at the amount of the lease liability and is subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the useful life of the underlying asset. Interest on lease liabilities is recognised within finance costs and depreciation of right-of-use assets is recognised within administrative expenses in the profit and loss account.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					34		15


3	Intangible fixed assets							£
	Patents and Trademarks:

	Cost
	At 1 March 2025							37,652
	Additions							18,041
	At 28 February 2026							55,693

	Net book value
	At 28 February 2026							55,693
	At 28 February 2025							37,652




4	Tangible fixed assets
		Leasehold Improv.		Plant and machinery etc		Right-of-Use Assets		Total
£			£		£		£
	Cost
	At 1 March 2025	-		39,430		-		39,430
	Additions	230,555		64,565		499,917		795,037
	At 28 February 2026	230,555		103,995		499,917		834,467

	Depreciation
	At 1 March 2025	-		13,676		-		13,676
	Charge for the year	11,270		2,815		56,158		70,243
	At 28 February 2026	11,270		16,491		56,158		83,919

	Net book value
	At 28 February 2026	219,285		87,504		443,759		750,548
	At 28 February 2025	-		25,754		-		25,754


5	Leases

	The company has recognised right-of-use assets and lease liabilities in respect of its property leases in accordance with section 20 of FRS 102 (as amended by the periodic review 2024. The lease liabilities have been measured using an incremental borrowing rate of 6% per annum. At 28 February 2026, right-of-use assets had a net book value of £443,759 and lease liabilities totalled £471,402, comprising £76,255 due within one year and £395,147 due after more than one year. During the year, depreciation of right-of-use assets of £56,158 and interest on lease liabilities of £22,833 were recognised in the profit and loss account.


6	Debtors					2026		2025
£							£

	Trade debtors					15,751		67,992
	Other debtors					198,269		41,939
						214,020		109,931


7	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					260,889		94,244
	Lease liabilities due within 1 year					76,255		-
	Taxation and social security costs					380,398		321,122
	Other creditors					258,217		203,978
						975,759		619,344


8	Creditors: amounts falling due after one year					2026		2025
£							£

	Lease liabilities due after more than one year					395,147		-


9	Provision for Liabilities					2026		2025
£							£

	Deferred Tax					45,653		-
						45,653		-


10	Taxation
	The tax charge is split between current £225,592 and deferred tax at £45,653.

11	Other information

	Tom's Studio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit N3 Marshall Way
	Commerce Park
	FROME
	Somerset
	BA11 2FB