Studio Will Dutta Limited

STUDIO WILL DUTTA LTD - Company Information

2022-04-012023-03-312023-03-31false06323128Studio Will Dutta Limited2023-12-1690030iso4217:GBPxbrli:pure063231282022-04-01063231282023-03-31063231282022-04-012023-03-31063231282021-04-01063231282022-03-31063231282021-04-012022-03-3106323128bus:SmallEntities2022-04-012023-03-3106323128bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3106323128bus:FullAccounts2022-04-012023-03-3106323128bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106323128core:WithinOneYear2023-03-3106323128core:AfterOneYear2023-03-3106323128core:WithinOneYear2022-03-3106323128core:AfterOneYear2022-03-3106323128core:ShareCapital2023-03-3106323128core:SharePremium2023-03-3106323128core:RevaluationReserve2023-03-3106323128core:OtherReservesSubtotal2023-03-3106323128core:RetainedEarningsAccumulatedLosses2023-03-3106323128core:ShareCapital2022-03-3106323128core:SharePremium2022-03-3106323128core:RevaluationReserve2022-03-3106323128core:OtherReservesSubtotal2022-03-3106323128core:RetainedEarningsAccumulatedLosses2022-03-3106323128core:LandBuildings2023-03-3106323128core:PlantMachinery2023-03-3106323128core:Vehicles2023-03-3106323128core:FurnitureFittings2023-03-3106323128core:OfficeEquipment2023-03-3106323128core:NetGoodwill2023-03-3106323128core:IntangibleAssetsOtherThanGoodwill2023-03-3106323128core:ListedExchangeTraded2023-03-3106323128core:UnlistedNon-exchangeTraded2023-03-3106323128core:LandBuildings2022-03-3106323128core:PlantMachinery2022-03-3106323128core:Vehicles2022-03-3106323128core:FurnitureFittings2022-03-3106323128core:OfficeEquipment2022-03-3106323128core:NetGoodwill2022-03-3106323128core:IntangibleAssetsOtherThanGoodwill2022-03-3106323128core:ListedExchangeTraded2022-03-3106323128core:UnlistedNon-exchangeTraded2022-03-3106323128core:LandBuildings2022-04-012023-03-3106323128core:PlantMachinery2022-04-012023-03-3106323128core:Vehicles2022-04-012023-03-3106323128core:FurnitureFittings2022-04-012023-03-3106323128core:OfficeEquipment2022-04-012023-03-3106323128core:NetGoodwill2022-04-012023-03-3106323128core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106323128core:ListedExchangeTraded2022-04-012023-03-3106323128core:UnlistedNon-exchangeTraded2022-04-012023-03-3106323128core:MoreThanFiveYears2022-04-012023-03-3106323128core:Non-currentFinancialInstruments2023-03-3106323128core:Non-currentFinancialInstruments2022-03-3106323128dpl:CostSales2022-04-012023-03-3106323128dpl:DistributionCosts2022-04-012023-03-3106323128core:LandBuildings2022-04-012023-03-3106323128core:PlantMachinery2022-04-012023-03-3106323128core:Vehicles2022-04-012023-03-3106323128core:FurnitureFittings2022-04-012023-03-3106323128core:OfficeEquipment2022-04-012023-03-3106323128dpl:AdministrativeExpenses2022-04-012023-03-3106323128core:NetGoodwill2022-04-012023-03-3106323128core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106323128dpl:GroupUndertakings2022-04-012023-03-3106323128dpl:ParticipatingInterests2022-04-012023-03-3106323128dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106323128core:ListedExchangeTraded2022-04-012023-03-3106323128dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106323128core:UnlistedNon-exchangeTraded2022-04-012023-03-3106323128dpl:CostSales2021-04-012022-03-3106323128dpl:DistributionCosts2021-04-012022-03-3106323128core:LandBuildings2021-04-012022-03-3106323128core:PlantMachinery2021-04-012022-03-3106323128core:Vehicles2021-04-012022-03-3106323128core:FurnitureFittings2021-04-012022-03-3106323128core:OfficeEquipment2021-04-012022-03-3106323128dpl:AdministrativeExpenses2021-04-012022-03-3106323128core:NetGoodwill2021-04-012022-03-3106323128core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3106323128dpl:GroupUndertakings2021-04-012022-03-3106323128dpl:ParticipatingInterests2021-04-012022-03-3106323128dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3106323128core:ListedExchangeTraded2021-04-012022-03-3106323128dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3106323128core:UnlistedNon-exchangeTraded2021-04-012022-03-3106323128core:NetGoodwill2023-03-3106323128core:IntangibleAssetsOtherThanGoodwill2023-03-3106323128core:LandBuildings2023-03-3106323128core:PlantMachinery2023-03-3106323128core:Vehicles2023-03-3106323128core:FurnitureFittings2023-03-3106323128core:OfficeEquipment2023-03-3106323128core:AfterOneYear2023-03-3106323128core:WithinOneYear2023-03-3106323128core:ListedExchangeTraded2023-03-3106323128core:UnlistedNon-exchangeTraded2023-03-3106323128core:ShareCapital2023-03-3106323128core:SharePremium2023-03-3106323128core:RevaluationReserve2023-03-3106323128core:OtherReservesSubtotal2023-03-3106323128core:RetainedEarningsAccumulatedLosses2023-03-3106323128core:NetGoodwill2022-03-3106323128core:IntangibleAssetsOtherThanGoodwill2022-03-3106323128core:LandBuildings2022-03-3106323128core:PlantMachinery2022-03-3106323128core:Vehicles2022-03-3106323128core:FurnitureFittings2022-03-3106323128core:OfficeEquipment2022-03-3106323128core:AfterOneYear2022-03-3106323128core:WithinOneYear2022-03-3106323128core:Liste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Registered Number
06323128
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Studio Will Dutta Limited

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	DUTTA, Will, Dr
	LOWE, Phillipa Maria


Registered Address	3rd Floor Waverley House
	7-12 Noel Street
	London
	W1F 8GQ


Registered Number	06323128 (England and Wales)

Studio Will Dutta Limited

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	6		285		343
			285		343
Current assets
Debtors	7	352		198
Cash at bank and on hand		956		4,954
		1,308		5,152
Creditors amounts falling due within one year	8	(15,928)		(21,560)
Net current assets (liabilities)			(14,620)		(16,408)
Total assets less current liabilities			(14,335)		(16,065)
Provisions for liabilities	9		(71)		(65)
Net assets			(14,406)		(16,130)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(14,407)		(16,131)
Shareholders' funds			(14,406)		(16,130)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 16 December 2023, and are signed on its behalf by:

DUTTA, Will, Dr
Director
Registered Company No. 06323128

Studio Will Dutta Limited

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	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.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Going concern
	The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The company meets its day-to-day working capital requirements through the continuing support of its directors.

5.	Employee information
	The company has no employees other than the directors, who did not receive any remuneration.


		2023		2022
	Average number of employees during the year	2		2

6.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 22	762	762
Additions	198	198
At 31 March 23	960	960
Depreciation and impairment
At 01 April 22	419	419
Charge for year	255	255
Other adjustments	1	1
At 31 March 23	675	675
Net book value
At 31 March 23	285	285
At 31 March 22	343	343

7.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	-	21
Other debtors	56	177
Prepayments and accrued income	296	-
Total	352	198


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	474	19
Other creditors	13,929	20,091
Accrued liabilities and deferred income	1,525	1,450
Total	15,928	21,560


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	71	65
Total	71	65