7/8 STUDIOS LTD

7/8 STUDIOS LTD

7/8 STUDIOS LTD - Company Information

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1 November 2020 false No description of principal activity Taxfiler 2022.3.2 12266088business:PrivateLimitedCompanyLtd2020-11-012021-10-31 122660882020-10-31 122660882020-11-012021-10-31 12266088business:AuditExempt-NoAccountantsReport2020-11-012021-10-31 12266088business:FullAccounts2020-11-012021-10-31 122660882021-10-31 12266088business:Director12020-11-012021-10-31 12266088business:RegisteredOffice2020-11-012021-10-31 122660882020-10-31 12266088core:WithinOneYear2021-10-31 12266088core:WithinOneYear2020-10-31 12266088core:ShareCapital2021-10-31 12266088core:ShareCapital2020-10-31 12266088core:RetainedEarningsAccumulatedLosses2021-10-31 12266088core:RetainedEarningsAccumulatedLosses2020-10-31 12266088business:SmallEntities2020-11-012021-10-31 12266088countries:EnglandWales2020-11-012021-10-31 12266088core:ComputerEquipment2020-11-012021-10-31 12266088core:ComputerEquipment2020-10-31 12266088core:ComputerEquipment2021-10-31 122660882019-10-162020-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12266088 (England and Wales)
7/8 STUDIOS LTD Unaudited accounts for the year ended 31 October 2021
7/8 STUDIOS LTD Unaudited accounts Contents
Page
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7/8 STUDIOS LTD Company Information for the year ended 31 October 2021
Director
Dimitar Zhekov
Company Number
12266088 (England and Wales)
Registered Office
Flat 23 Kidman Close Gidea Park Romford RM2 6GE United Kingdom
Accountants
Delmar Accounting Limited 20-22 Wenlock Road London N1 7GU
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7/8 STUDIOS LTD Statement of financial position as at 31 October 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
745 
1,113 
Current assets
Cash at bank and in hand
2,160 
137 
Creditors: amounts falling due within one year
5
(14,636)
(3,485)
Net current liabilities
(12,476)
(3,348)
Net liabilities
(11,731)
(2,235)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(11,831)
(2,335)
Shareholders' funds
(11,731)
(2,235)
For the year ending 31 October 2021 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 director acknowledges his 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 and authorised for issue on 22 April 2022 and were signed on its behalf by
Dimitar Zhekov Director Company Registration No. 12266088
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7/8 STUDIOS LTD Notes to the Accounts for the year ended 31 October 2021
1
Statutory information
7/8 STUDIOS LTD is a private company, limited by shares, registered in England and Wales, registration number 12266088. The registered office is Flat 23 Kidman Close, Gidea Park, Romford, RM2 6GE, United Kingdom.
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 remained unchanged from the previous year, and also 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
33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2020
1,663 
At 31 October 2021
1,663 
Depreciation
At 1 November 2020
550 
Charge for the year
368 
At 31 October 2021
918 
Net book value
At 31 October 2021
745 
At 31 October 2020
1,113 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Loans from directors
14,605 
3,485 
Accruals
31 
- 
14,636 
3,485 
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7/8 STUDIOS LTD Notes to the Accounts for the year ended 31 October 2021
6
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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