Studio WH Limited - Accounts to registrar (filleted) - small 18.2

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REGISTERED NUMBER: 10125293 (England and Wales)

Financial Statements

for the Year Ended 30 September 2018

for

STUDIO WH LIMITED

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Mr P F Whelan

Ms B S A Brinkworth

Ms R Tucker

Mr K Ennis

SECRETARY:

Mr K Ennis

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

10125293 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

299,561

141,954

Tangible assets

931,026

1,096,795

1,230,587

1,238,749

CURRENT ASSETS

Debtors

90,681

135,413

Cash at bank

20,684

43,709

111,365

179,122

CREDITORS

Amounts falling due within one year

288,063

412,671

NET CURRENT LIABILITIES

(176,698

)

(233,549

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,053,889

1,005,200

CREDITORS

Amounts falling due after more than
one year

616,489

815,292

NET ASSETS

437,400

189,908

CAPITAL AND RESERVES

Called up share capital

126,771

100,000

Share premium

1,243,185

380,000

Retained earnings

(932,556

)

(290,092

)

SHAREHOLDERS' FUNDS

437,400

189,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 29 September 2019 and
were signed on its behalf by:

Mr P F Whelan - Director

1.	STATUTORY INFORMATION

Studio WH Limited 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Improvements to property

10% on cost

Fixtures and fittings

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 10 ).

4.	INTANGIBLE FIXED ASSETS

Totals

COST

At 1 October 2017

145,594

Additions

206,666

At 30 September 2018

352,260

AMORTISATION

At 1 October 2017

3,640

Amortisation for year

49,059

At 30 September 2018

52,699

NET BOOK VALUE

At 30 September 2018

299,561

At 30 September 2017

141,954

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 October 2017

1,119,608

Additions

17,768

At 30 September 2018

1,137,376

DEPRECIATION

At 1 October 2017

22,813

Charge for year

183,537

At 30 September 2018

206,350

NET BOOK VALUE

At 30 September 2018

931,026

At 30 September 2017

1,096,795

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.9.18

30.9.17

Other debtors

45,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.18

30.9.17

value:

126,780

Ordinary

£1

126,771

100,000

15,669 Ordinary shares of £1 were issued during the year for cash of £ 329,956 .

8.	RELATED PARTY DISCLOSURES

During the year company paid consultancy fees to the director's P F Whelan £22,680, R

Tucker £32,600 and B S Brinkworth £32,600.