Our Studio Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06763143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2023

for

OUR STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Crothers

Mr N A Harrison

SECRETARY:

Mrs S Crothers

REGISTERED OFFICE:

c/o BTMR Limited

Century Buildings

14 St. Mary's Parsonage

Manchester

M3 2DF

REGISTERED NUMBER:

06763143 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

National Westminster Bank Plc

Direct Business Banking

PO Box 4115

Hornchurch

Essex

RM12 4DF

FIXED ASSETS

Tangible assets

4

16,151

21,308

CURRENT ASSETS

Debtors

5

147,549

217,532

Cash at bank

326,336

322,489

473,885

540,021

CREDITORS

Amounts falling due within one year

6

128,806

205,340

NET CURRENT ASSETS

345,079

334,681

TOTAL ASSETS LESS CURRENT LIABILITIES

361,230

355,989

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

361,228

355,987

SHAREHOLDERS' FUNDS

361,230

355,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 May 2024 and were signed on its behalf by:

Mrs S Crothers - Director

1.	STATUTORY INFORMATION

Our Studio 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially recorded at cost.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2023

9,110

176,862

185,972

Additions

3,062

7,654

10,716

At 31 December 2023

12,172

184,516

196,688

DEPRECIATION

At 1 January 2023

3,756

160,908

164,664

Charge for year

1,262

14,611

15,873

At 31 December 2023

5,018

175,519

180,537

NET BOOK VALUE

At 31 December 2023

7,154

8,997

16,151

At 31 December 2022

5,354

15,954

21,308

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

108,382

189,407

Other debtors

39,167

28,125

147,549

217,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade creditors

27,628

13,989

Taxation and social security

43,266

126,615

Other creditors

57,912

64,736

128,806

205,340

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.23

31.12.22

£

£

Within one year

37,912

29,810

Between one and five years

29,810

-

67,722

29,810

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.