Our Studio Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06763143 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

OUR STUDIO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms S Crothers

Mr N Harrison

SECRETARY:

Ms S Crothers

REGISTERED OFFICE:

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

2

31,288

5,741

CURRENT ASSETS

Debtors

72,860

55,704

Prepayments and accrued income

1,559

684

Cash at bank and in hand

134,356

36,109

208,775

92,497

CREDITORS

Amounts falling due within one year

183,457

75,120

NET CURRENT ASSETS

25,318

17,377

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,606

23,118

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

56,604

23,116

SHAREHOLDERS' FUNDS

56,606

23,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 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 Board of Directors on 16 April 2016 and were signed on its behalf by:

Ms S Crothers - Director

1.	ACCOUNTING POLICIES

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 January 2015).

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 each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

34,458

Additions

42,626

At 31 December 2015

77,084

DEPRECIATION

At 1 January 2015

28,717

Charge for year

17,079

At 31 December 2015

45,796

NET BOOK VALUE

At 31 December 2015

31,288

At 31 December 2014

5,741

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2