Company Registration No. 11217775 (England and Wales)
Soul Studio Ltd
Filleted accounts
for the year ended 28 February 2022
Soul Studio Ltd
Filleted accounts
Contents
Soul Studio Ltd
Company Information
for the year ended 28 February 2022
Company Number
11217775 (England and Wales)
Registered Office
76 Hillway
London
N6 6DP
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Soul Studio Ltd
Statement of financial position
as at 28 February 2022
Inventories
200,000
178,350
Cash at bank and in hand
1,196
10,809
Creditors: amounts falling due within one year
(1,736)
(1,738)
Net current assets
206,555
190,392
Total assets less current liabilities
206,555
190,392
Creditors: amounts falling due after more than one year
(400,329)
(261,487)
Net liabilities
(193,774)
(71,095)
Called up share capital
100
100
Profit and loss account
(193,874)
(71,195)
Shareholders' funds
(193,774)
(71,095)
For the year ending 28 February 2022 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 her 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 17 April 2023 and were signed on its behalf by
Jodie Perry
Director
Company Registration No. 11217775
Soul Studio Ltd
Notes to the Accounts
for the year ended 28 February 2022
Soul Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 11217775. The registered office is 76 Hillway, London, N6 6DP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Finished goods
200,000
178,350
Amounts falling due within one year
Soul Studio Ltd
Notes to the Accounts
for the year ended 28 February 2022
6
Creditors: amounts falling due within one year
2022
2021
7
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
400,329
261,487
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
