Abbreviated Company Accounts - STUDIO 12 LTD

04654728 STUDIO 12 LTD 2016-02-28 false 2015-03-01 2016-02-28 true 04654728 2015-03-01 2016-02-28 04654728 2016-02-28 04654728 2015-02-28 04654728 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 04654728 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 04654728

STUDIO 12 LTD

Abbreviated Accounts

28 February 2016

STUDIO 12 LTD Registered Number 04654728

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	7,000	8,000
Tangible assets	3	236	315
		7,236	8,315
Current assets
Stocks		400	400
Debtors		319	-
Cash at bank and in hand		1,652	1,202
		2,371	1,602
Creditors: amounts falling due within one year		(8,021)	(8,545)
Net current assets (liabilities)		(5,650)	(6,943)
Total assets less current liabilities		1,586	1,372
Total net assets (liabilities)		1,586	1,372
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		1,585	1,371
Shareholders' funds		1,586	1,372

For the year ending 28 February 2016 the company was entitled to exemption 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 directors acknowledge 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.

Approved by the Board on 1 June 2016

And signed on their behalf by:
P P Curry, Director

STUDIO 12 LTD Registered Number 04654728

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Equipment, fixtures & fittings 25% reducing balance

2Intangible fixed assets

	£
Cost
At 1 March 2015	16,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	16,000
Amortisation
At 1 March 2015	8,000
Charge for the year	1,000
On disposals	-
At 28 February 2016	9,000
Net book values
At 28 February 2016	7,000
At 28 February 2015	8,000

3Tangible fixed assets

	£
Cost
At 1 March 2015	1,629
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	1,629
Depreciation
At 1 March 2015	1,314
Charge for the year	79
On disposals	-
At 28 February 2016	1,393
Net book values
At 28 February 2016	236
At 28 February 2015	315

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1