REGISTERED NUMBER: 05998485 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Hand Drawn Studio Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

PD Amesbury

P Amesbury

REGISTERED OFFICE:

27 Fernhill Road

Begbroke

Kidlington

Oxfordshire

OX5 1RP

REGISTERED NUMBER:

05998485 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

4

2,800

3,850

Tangible assets

5

3,397

4,529

6,197

8,379

CURRENT ASSETS

Debtors

6

17,859

11,849

Cash at bank and in hand

150

759

18,009

12,608

CREDITORS

Amounts falling due within one year

7

(19,439

)

(14,216

)

NET CURRENT LIABILITIES

(1,430

)

(1,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,767

6,771

CREDITORS

Amounts falling due after more than one year

8

(2,667

)

(4,667

)

PROVISIONS FOR LIABILITIES

(645

)

(861

)

NET ASSETS

1,455

1,243

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

455

243

SHAREHOLDERS' FUNDS

1,455

1,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 13 April 2025 and were signed on its behalf by:

P Amesbury - Director

1.	STATUTORY INFORMATION

Hand Drawn Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

21,000

AMORTISATION

At 1 December 2023

17,150

Charge for year

1,050

At 30 November 2024

18,200

NET BOOK VALUE

At 30 November 2024

2,800

At 30 November 2023

3,850

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

and 30 November 2024

23,143

DEPRECIATION

At 1 December 2023

18,614

Charge for year

1,132

At 30 November 2024

19,746

NET BOOK VALUE

At 30 November 2024

3,397

At 30 November 2023

4,529

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

3,697

3,379

Other debtors

14,162

8,470

17,859

11,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

2,000

2,000

Trade creditors

1,690

54

Taxation and social security

12,449

10,294

Other creditors

3,300

1,868

19,439

14,216

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

2,667

4,667