Company registration number: 06298699
Unaudited financial statements
for the year ended 31 July 2025
for
The Online Studio 24 Limited
Pages for filing with the Registrar
Company registration number: 06298699
The Online Studio 24 Limited
Balance sheet
as at 31 July 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 96,685 135,355
96,685 135,355
Current assets
Debtors 630,384 256,337
Cash at bank and in hand 1,316,585 3,109,090
1,946,969 3,365,427
Creditors: amounts falling due within one
year 		(474,364) (457,980)
Net current assets 1,472,605 2,907,447
Total assets less current liabilities 1,569,290 3,042,802
Provisions for liabilities (22,939) (32,498)
NET ASSETS 1,546,351 3,010,304
Capital and reserves
Called up share capital 99 99
Other reserves (2,363,569) -
Profit and loss account 3,909,821 3,010,205
TOTAL EQUITY 1,546,351 3,010,304
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06298699
The Online Studio 24 Limited
Balance sheet - continued
as at 31 July 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 November 2025 and signed on its behalf by:
Ms A Benn, Director
24 November 2025
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The Online Studio 24 Limited
Notes to the financial statements
for the year ended 31 July 2025
1 Company information
The Online Studio 24 Limited is a private company registered in England and Wales. Its registered number is 06298699. The company is limited by shares. Its registered office is 18 Brushwood Drive, Chorleywood, Rickmansworth, Hertfordshire, WD3 5RT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% straight line
Motor vehicles - 18% straight line
Computer equipment - 25% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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The Online Studio 24 Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 34 (2024 - 34).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2024 295,129
Additions 4,434
At 31 July 2025 299,563
Depreciation
At 1 August 2024 159,774
Charge for year 43,104
At 31 July 2025 202,878
Net book value
At 31 July 2025 96,685
At 31 July 2024 135,355
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The Online Studio 24 Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024.
2025 2024
£ £
A Benn
Balance outstanding at start of year (2,322) -
Amounts advanced 7,857 -
Balance outstanding at end of year 5,535 -
2025 2024
£ £
C Fogarty
Balance outstanding at start of year (1,619) -
Amounts advanced 41,061 -
Amounts repaid (33,000) -
Balance outstanding at end of year 6,442 -
6 Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is OLS EOT Ltd, a company incorporated in the United Kingdom.

OLS EOT Ltd holds 100% of the issued share capital of The Online Studio 24 Limited and acts as the trustee of an employee ownership trust established for the benefit of the employees of The Online Studio 24 Limited. Accordingly, there is no individual ultimate beneficial owner of the company.

The registered office of OLS EOT Ltd is the same as that of The Online Studio 24 Limited.
7 Related Party Transactions
During the year, The Online Studio 24 Limited made a distribution of reserves to its parent company, OLS EOT Ltd, which owns 100% of the company's issued share capital as trustee of an employee ownership trust established for the benefit of the employees.

The distribution was made to enable OLS EOT Ltd to fund the purchase of shares in The Online Studio 24 Limited from the former shareholders, as part of the employee ownership trust transaction.
This amount has been recognised directly in equity as a distribution of reserves, reflecting the substance of the transaction. It does not represent a loan, and there is no intention for repayment.

There were no other related party transactions during the year.
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