Studio B Design Ltd

Studio B Design Ltd

STUDIO B DESIGN LTD - Company Information

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14 June 2019 false No description of principal activity Taxfiler 2020.14 12052369business:PrivateLimitedCompanyLtd2019-06-142020-06-30 120523692019-06-13 120523692019-06-142020-06-30 12052369business:AuditExempt-NoAccountantsReport2019-06-142020-06-30 12052369business:FullAccounts2019-06-142020-06-30 120523692020-06-30 12052369business:Director12019-06-142020-06-30 12052369business:Director22019-06-142020-06-30 12052369business:RegisteredOffice2019-06-142020-06-30 12052369core:WithinOneYear2020-06-30 12052369core:ShareCapital2020-06-30 12052369core:RetainedEarningsAccumulatedLosses2020-06-30 12052369business:SmallEntities2019-06-142020-06-30 12052369countries:EnglandWales2019-06-142020-06-30 12052369core:ComputerEquipment2019-06-142020-06-30 12052369core:OtherPropertyPlantEquipment2019-06-142020-06-30 12052369core:Goodwill2019-06-13 12052369core:Goodwill2019-06-142020-06-30 12052369core:Goodwill2020-06-30 12052369core:ComputerEquipment2019-06-13 12052369core:ComputerEquipment2020-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12052369 (England and Wales)
Studio B Design Ltd Unaudited accounts for the period from 14 June 2019 to 30 June 2020
Studio B Design Ltd Unaudited accounts Contents
Page
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Studio B Design Ltd Company Information for the period from 14 June 2019 to 30 June 2020
Directors
Clarke, Kyle Mcleod Warren, Sidonie
Company Number
12052369 (England and Wales)
Registered Office
6A BOYCES AVENUE BRISTOL BS8 4AA ENGLAND
Accountants
Virgate Accounts Ltd 1st Floor 10 Sabre Close Quedgeley Gloucester Gloucestershire GL2 4NZ
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Studio B Design Ltd Statement of financial position as at 30 June 2020
2020 
Notes
£ 
Fixed assets
Intangible assets
4
39,975 
Tangible assets
5
789 
40,764 
Current assets
Debtors
6
706 
Cash at bank and in hand
7,799 
8,505 
Creditors: amounts falling due within one year
7
(33,769)
Net current liabilities
(25,264)
Net assets
15,500 
Capital and reserves
Called up share capital
2 
Profit and loss account
15,498 
Shareholders' funds
15,500 
For the period ending 30 June 2020 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 27 November 2020 and were signed on its behalf by
Clarke, Kyle Mcleod Director Company Registration No. 12052369
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Studio B Design Ltd Notes to the Accounts for the period from 14 June 2019 to 30 June 2020
1
Statutory information
Studio B Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 12052369. The registered office is 6A BOYCES AVENUE, BRISTOL, BS8 4AA, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
straight line over life of 2 years
Other tangible fixed assets
straight line over life of 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 14 June 2019
- 
Additions
49,969 
At 30 June 2020
49,969 
Amortisation
At 14 June 2019
- 
Charge for the period
9,994 
At 30 June 2020
9,994 
Net book value
At 30 June 2020
39,975 
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Studio B Design Ltd Notes to the Accounts for the period from 14 June 2019 to 30 June 2020
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 14 June 2019
- 
Additions
1,577 
At 30 June 2020
1,577 
Depreciation
Charge for the period
788 
At 30 June 2020
788 
Net book value
At 30 June 2020
789 
6
Debtors
2020 
£ 
Trade debtors
7,297 
Amounts due from group undertakings etc.
(6,591)
706 
7
Creditors: amounts falling due within one year
2020 
£ 
Trade creditors
21,213 
Taxes and social security
13,285 
Other creditors
(735)
Loans from directors
6 
33,769 
8
Average number of employees
During the period the average number of employees was 0.
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