STUDIO B DESIGN LTD

STUDIO B DESIGN LTD - Company Information

2022-07-012023-06-302023-06-30false12052369STUDIO B DESIGN LTD2024-03-19iso4217:GBPxbrli:pure120523692022-07-01120523692023-06-30120523692022-07-012023-06-30120523692021-07-01120523692022-06-30120523692021-07-012022-06-3012052369bus:SmallEntities2022-07-012023-06-3012052369bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3012052369bus:FullAccounts2022-07-012023-06-3012052369bus:PrivateLimitedCompanyLtd2022-07-012023-06-3012052369core:WithinOneYear2023-06-3012052369core:AfterOneYear2023-06-3012052369core:WithinOneYear2022-06-3012052369core:AfterOneYear2022-06-3012052369core:ShareCapital2023-06-3012052369core:SharePremium2023-06-3012052369core:RevaluationReserve2023-06-3012052369core:OtherReservesSubtotal2023-06-3012052369core:RetainedEarningsAccumulatedLosses2023-06-3012052369core:ShareCapital2022-06-3012052369core:SharePremium2022-06-3012052369core:RevaluationReserve2022-06-3012052369core:OtherReservesSubtotal2022-06-3012052369core:RetainedEarningsAccumulatedLosses2022-06-3012052369core:LandBuildings2023-06-3012052369core:PlantMachinery2023-06-3012052369core:Vehicles2023-06-3012052369core:FurnitureFittings2023-06-3012052369core:OfficeEquipment2023-06-3012052369core:NetGoodwill2023-06-3012052369core:IntangibleAssetsOtherThanGoodwill2023-06-3012052369core:ListedExchangeTraded2023-06-3012052369core:UnlistedNon-exchangeTraded2023-06-3012052369core:LandBuildings2022-06-3012052369core:PlantMachinery2022-06-3012052369core:Vehicles2022-06-3012052369core:FurnitureFittings2022-06-3012052369core:OfficeEquipment2022-06-3012052369core:NetGoodwill2022-06-3012052369core:IntangibleAssetsOtherThanGoodwill2022-06-3012052369core:ListedExchangeTraded2022-06-3012052369core:UnlistedNon-exchangeTraded2022-06-3012052369core:LandBuildings2022-07-012023-06-3012052369core:PlantMachinery2022-07-012023-06-3012052369core:Vehicles2022-07-012023-06-3012052369core:FurnitureFittings2022-07-012023-06-3012052369core:OfficeEquipment2022-07-012023-06-3012052369core:NetGoodwill2022-07-012023-06-3012052369core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012052369core:ListedExchangeTraded2022-07-012023-06-3012052369core:UnlistedNon-exchangeTraded2022-07-012023-06-3012052369core:MoreThanFiveYears2022-07-012023-06-3012052369core:Non-currentFinancialInstruments2023-06-3012052369core:Non-currentFinancialInstruments2022-06-3012052369dpl:CostSales2022-07-012023-06-3012052369dpl:DistributionCosts2022-07-012023-06-3012052369core:LandBuildings2022-07-012023-06-3012052369core:PlantMachinery2022-07-012023-06-3012052369core:Vehicles2022-07-012023-06-3012052369core:FurnitureFittings2022-07-012023-06-3012052369core:OfficeEquipment2022-07-012023-06-3012052369dpl:AdministrativeExpenses2022-07-012023-06-3012052369core:NetGoodwill2022-07-012023-06-3012052369core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3012052369dpl:GroupUndertakings2022-07-012023-06-3012052369dpl:ParticipatingInterests2022-07-012023-06-3012052369dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3012052369core:ListedExchangeTraded2022-07-012023-06-3012052369dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3012052369core:UnlistedNon-exchangeTraded2022-07-012023-06-3012052369dpl:CostSales2021-07-012022-06-3012052369dpl:DistributionCosts2021-07-012022-06-3012052369core:LandBuildings2021-07-012022-06-3012052369core:PlantMachinery2021-07-012022-06-3012052369core:Vehicles2021-07-012022-06-3012052369core:FurnitureFittings2021-07-012022-06-3012052369core:OfficeEquipment2021-07-012022-06-3012052369dpl:AdministrativeExpenses2021-07-012022-06-3012052369core:NetGoodwill2021-07-012022-06-3012052369core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3012052369dpl:GroupUndertakings2021-07-012022-06-3012052369dpl:ParticipatingInterests2021-07-012022-06-3012052369dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3012052369core:ListedExchangeTraded2021-07-012022-06-3012052369dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3012052369core:UnlistedNon-exchangeTraded2021-07-012022-06-3012052369core:NetGoodwill2023-06-3012052369core:IntangibleAssetsOtherThanGoodwill2023-06-3012052369core:LandBuildings2023-06-3012052369core:PlantMachinery2023-06-3012052369core:Vehicles2023-06-3012052369core:FurnitureFittings2023-06-3012052369core:OfficeEquipment2023-06-3012052369core:AfterOneYear2023-06-3012052369core:WithinOneYear2023-06-3012052369core:ListedExchangeTraded2023-06-3012052369core:UnlistedNon-exchangeTraded2023-06-3012052369core:ShareCapital2023-06-3012052369core:SharePremium2023-06-3012052369core:RevaluationReserve2023-06-3012052369core:OtherReservesSubtotal2023-06-3012052369core:RetainedEarningsAccumulatedLosses2023-06-3012052369core:NetGoodwill2022-06-3012052369core:IntangibleAssetsOtherThanGoodwill2022-06-3012052369core:LandBuildings2022-06-3012052369core:PlantMachinery2022-06-3012052369core:Vehicles2022-06-3012052369core:FurnitureFittings2022-06-3012052369core:OfficeEquipment2022-06-3012052369core:AfterOneYear2022-06-3012052369core:WithinOneYear2022-06-3012052369core:ListedExchangeTraded2022-06-3012052369core:UnlistedNon-exchangeTraded2022-06-3012052369core:ShareCapital2022-06-3012052369core:SharePremium2022-06-3012052369core:RevaluationReserve2022-06-3012052369core:OtherReservesSubtotal2022-06-3012052369core:RetainedEarningsAccumulatedLosses2022-06-3012052369core:NetGoodwill2021-07-0112052369core:IntangibleAssetsOtherThanGoodwill2021-07-0112052369core:LandBuildings2021-07-0112052369core:PlantMachinery2021-07-0112052369core:Vehicles2021-07-0112052369core:FurnitureFittings2021-07-0112052369core:OfficeEquipment2021-07-0112052369core:AfterOneYear2021-07-0112052369core:WithinOneYear2021-07-0112052369core:ListedExchangeTraded2021-07-0112052369core:UnlistedNon-exchangeTraded2021-07-0112052369core:ShareCapital2021-07-0112052369core:SharePremium2021-07-0112052369core:RevaluationReserve2021-07-0112052369core:OtherReservesSubtotal2021-07-0112052369core:RetainedEarningsAccumulatedLosses2021-07-0112052369core:AfterOneYear2022-07-012023-06-3012052369core:WithinOneYear2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:CostValuation2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-012023-06-3012052369core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3012052369core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3012052369core:Non-currentFinancialInstrumentscore:CostValuation2022-06-3012052369core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-3012052369core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-3012052369bus:Director12022-07-012023-06-30

STUDIO B DESIGN LTD

Registered Number
12052369
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

STUDIO B DESIGN LTD

Company Information
for the year from 1 July 2022 to 30 June 2023


Director	CLARKE, Kyle Mcleod


Registered Address	6a Boyces Avenue
	Bristol
	BS8 4AA


Registered Number	12052369 (England and Wales)

STUDIO B DESIGN LTD

Statement of Financial Position
30 June 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Intangible assets	3		9,994		19,988
Tangible assets	4		20,497		34,852
			30,491		54,840
Current assets
Stocks	5	6,509		27,047
Debtors		80,114		114,185
Cash at bank and on hand		7,584		31,011
		94,207		172,243
Creditors amounts falling due within one year	6	(36,706)		(97,429)
Net current assets (liabilities)			57,501		74,814
Total assets less current liabilities			87,992		129,654
Creditors amounts falling due after one year	7		(24,998)		(34,022)
Net assets			62,994		95,632
Capital and reserves
Called up share capital			2		2
Profit and loss account			62,992		95,630
Shareholders' funds			62,994		95,632

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 Director acknowledges 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 under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 19 March 2024, and are signed on its behalf by:

CLARKE, Kyle Mcleod
Director
Registered Company No. 12052369

STUDIO B DESIGN LTD

Notes to the Financial Statements
for the year ended 30 June 2023

1.	Accounting policies

	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.

	Statement of compliance
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	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

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.

	Intangible assets
	Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition.  Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.  Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.  Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Shop fit out - over 5 years Office equipment - over 2 or 3 years

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2023		2022
	Average number of employees during the year	8		11

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 July 22	49,969	49,969
At 30 June 23	49,969	49,969
Amortisation and impairment
At 01 July 22	29,981	29,981
Charge for year	9,994	9,994
At 30 June 23	39,975	39,975
Net book value
At 30 June 23	9,994	9,994
At 30 June 22	19,988	19,988

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 July 22	34,805	16,895	51,700
Additions	-	850	850
At 30 June 23	34,805	17,745	52,550
Depreciation and impairment
At 01 July 22	11,686	5,162	16,848
Charge for year	7,323	7,882	15,205
At 30 June 23	19,009	13,044	32,053
Net book value
At 30 June 23	15,796	4,701	20,497
At 30 June 22	23,119	11,733	34,852

5.	Stocks

	2023	2022
	£	£
Other stocks	6,509	27,047
Total	6,509	27,047

6.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	15,441	56,580
Bank borrowings and overdrafts	9,911	9,667
Taxation and social security	5,915	20,346
Other creditors	616	3,511
Accrued liabilities and deferred income	4,823	7,325
Total	36,706	97,429


	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.

7.	Creditors: amounts due after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	24,998	34,022
Total	24,998	34,022