Studio 11:11 Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07062493 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Studio 11:11 Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S J Rudd

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

07062493 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Limited

Chartered Accountants

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

CURRENT ASSETS

Cash at bank

-

13

CREDITORS

Amounts falling due within one year

7

306,826

303,441

NET CURRENT LIABILITIES

(306,826

)

(303,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(306,826

)

(303,428

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(306,827

)

(303,429

)

SHAREHOLDERS' FUNDS

(306,826

)

(303,428

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 July 2023 and were signed by:

Ms S J Rudd - Director

1.	STATUTORY INFORMATION

Studio 11:11 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, was being amortised over ten years but has been fully written off this year as its deemed realisable value was considered to be £NIL.

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.

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

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2021

and 31 October 2022

75,000

AMORTISATION

At 1 November 2021

and 31 October 2022

75,000

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2021

and 31 October 2022

28,915

DEPRECIATION

At 1 November 2021

and 31 October 2022

28,915

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Social security and other taxes

17,289

17,860

Directors' current accounts

286,937

284,232

Accrued expenses

2,600

1,349

306,826

303,441