Aquarium Studios Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03400303 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Aquarium Studios Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B C Baird

S J O Shea

SECRETARY:

S J O Shea

REGISTERED OFFICE:

8-9 Bayley Street

London

WC1B 3HB

REGISTERED NUMBER:

03400303 (England and Wales)

ACCOUNTANTS:

Oppenheims Chartered Accountants

Statutory Auditors

P O Box 4991

Maidenhead

Berkshire

SL60 1NN

FIXED ASSETS

Intangible assets

4

12,996

15,600

Tangible assets

5

56,220

20,176

69,216

35,776

CURRENT ASSETS

Debtors

6

186,797

121,704

Cash at bank

109,907

59,568

296,704

181,272

CREDITORS

Amounts falling due within one year

7

214,196

98,754

NET CURRENT ASSETS

82,508

82,518

TOTAL ASSETS LESS CURRENT LIABILITIES

151,724

118,294

CREDITORS

Amounts falling due after more than one year

8

42,628

78,161

NET ASSETS

109,096

40,133

CAPITAL AND RESERVES

Called up share capital

22,500

22,500

Capital redemption reserve

2,764

2,764

Retained earnings

83,832

14,869

SHAREHOLDERS' FUNDS

109,096

40,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 December 2021 and were signed on its behalf by:

B C Baird - Director

S J O Shea - Director

1.	STATUTORY INFORMATION

Aquarium Studios 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 nil years.

Intangible assets

Intangible assets are initially recognised at cost and subsequently measured at cost less accumulated depreciation and any accumulated impairment losses.

All intangible assets are considered to have a finite life not exceeding 10 years and are amortised evenly at 10% on cost per annum.

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

-

33% on cost and 10% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2020

and 30 September 2021

26,000

AMORTISATION

At 1 October 2020

10,400

Charge for year

2,604

At 30 September 2021

13,004

NET BOOK VALUE

At 30 September 2021

12,996

At 30 September 2020

15,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

326,992

Additions

39,942

At 30 September 2021

366,934

DEPRECIATION

At 1 October 2020

306,816

Charge for year

3,898

At 30 September 2021

310,714

NET BOOK VALUE

At 30 September 2021

56,220

At 30 September 2020

20,176

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

131,971

57,384

Amounts owed by group undertakings

11,610

27,312

Other debtors

43,216

37,008

186,797

121,704

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

20,000

-

Trade creditors

17,879

7,221

Taxation and social security

65,179

61,384

Other creditors

111,138

30,149

214,196

98,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

26,667

50,000

Other creditors

15,961

28,161

42,628

78,161

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

26,667

50,000