Studio 35 (York) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10403908 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

STUDIO 35 (YORK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R J Thorpe

REGISTERED OFFICE:

35 Blossom Street

York

North Yorkshire

YO24 1AQ

REGISTERED NUMBER:

10403908 (England and Wales)

ACCOUNTANTS:

Fortus North Limited

Business Advisors & Accountants

5&6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

47,567

50,869

CURRENT ASSETS

Stocks

20,983

67,699

Debtors

5

24,309

34,530

Cash at bank

40,190

27,731

85,482

129,960

CREDITORS

Amounts falling due within one year

6

64,660

141,626

NET CURRENT ASSETS/(LIABILITIES)

20,822

(11,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,389

39,203

CREDITORS

Amounts falling due after more than one year

7

26,654

42,578

NET ASSETS/(LIABILITIES)

41,735

(3,375

)

CAPITAL AND RESERVES

Called up share capital

8

200

200

Capital redemption reserve

(7,400

)

(7,400

)

Retained earnings

48,935

3,825

SHAREHOLDERS' FUNDS

41,735

(3,375

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 January 2024 and were signed by:

Mr R J Thorpe - Director

1.	STATUTORY INFORMATION

Studio 35 (York) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

92,843

Additions

9,443

At 30 September 2023

102,286

DEPRECIATION

At 1 October 2022

41,974

Charge for year

12,745

At 30 September 2023

54,719

NET BOOK VALUE

At 30 September 2023

47,567

At 30 September 2022

50,869

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

12,411

16,751

Other debtors

11,898

17,779

24,309

34,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

11,111

9,259

Hire purchase contracts

2,960

2,959

Trade creditors

9,970

109,660

Taxation and social security

29,073

14,808

Other creditors

11,546

4,940

64,660

141,626

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

18,519

31,482

Hire purchase contracts

8,135

11,096

26,654

42,578

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

200

Ordinary

1

200

200

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023

2022

£

£

Mr G L McGowan DNU

Balance outstanding at start of year

(2,998

)

(5,022

)

Amounts advanced

15,300

2,500

Amounts repaid

(12,302

)

(476

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(2,998

)

Mr R J Thorpe

Balance outstanding at start of year

(3,010

)

(5,034

)

Amounts advanced

15,300

2,500

Amounts repaid

(7,926

)

(476

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,364

(3,010

)