Studio (PT) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05467728 (England and Wales)

Abbreviated Accounts for the Year Ended 30th April 2015

for

Studio (PT) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms M Pope

REGISTERED OFFICE:

8 Hemmells

Basildon

Essex

SS15 6ED

REGISTERED NUMBER:

05467728 (England and Wales)

ACCOUNTANTS:

Dormer Finance Limited

8 Hemmells

Basildon

Essex

SS15 6ED

FIXED ASSETS

Intangible assets

2

6,998

1,237

Tangible assets

3

16,079

13,355

23,077

14,592

CURRENT ASSETS

Debtors

7,190

21,000

CREDITORS

Amounts falling due within one year

4

88,951

82,379

NET CURRENT LIABILITIES

(81,761

)

(61,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,684

)

(46,787

)

CREDITORS

Amounts falling due after more than one year

4

-

(4,985

)

PROVISIONS FOR LIABILITIES

(2,903

)

(1,147

)

NET LIABILITIES

(61,587

)

(52,919

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(61,687

)

(53,019

)

SHAREHOLDERS' FUNDS

(61,587

)

(52,919

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28th January 2016 and were signed by:

Ms M Pope - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company had a net deficiency of assets at the balance sheet date of £61,587. The directors and other

creditors whom have provided funding confirm that they will continue to support the company into the

foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Intangible fixed assets

Intangible fixed assets represent company branding. This was valued based on the original cost to the company

and is amortised over four years.

Tangible fixed assets

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

Short leasehold improvements

-

at varying rates on cost

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

1,650

Additions

8,232

At 30th April 2015

9,882

AMORTISATION

At 1st May 2014

413

Amortisation for year

2,471

At 30th April 2015

2,884

NET BOOK VALUE

At 30th April 2015

6,998

At 30th April 2014

1,237

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

94,476

Additions

13,794

At 30th April 2015

108,270

DEPRECIATION

At 1st May 2014

81,121

Charge for year

11,070

At 30th April 2015

92,191

NET BOOK VALUE

At 30th April 2015

16,079

At 30th April 2014

13,355

4.

CREDITORS

Creditors include an amount of £ 15,954 (2014 - £ 19,979 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100