Company Registration No. 12241750 (England and Wales)
Studio B/Low Ltd
Unaudited accounts
for the period from 3 October 2019 to 31 October 2020
Studio B/Low Ltd
Unaudited accounts
Contents
Studio B/Low Ltd
Company Information
for the period from 3 October 2019 to 31 October 2020
Company Number
12241750 (England and Wales)
Registered Office
45B Esmond Road
London
NW6 7HF
England
Accountants
Anthony Daniel Associates
10 Julian Place
London
E14 3AT
Studio B/Low Ltd
Statement of financial position
as at
31 October 2020
Cash at bank and in hand
27
Creditors: amounts falling due within one year
(2,590)
Net current liabilities
(2,493)
Called up share capital
1
Profit and loss account
(2,313)
Shareholders' funds
(2,312)
For the period ending 31 October 2020 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2021 and were signed on its behalf by
Bei Jeen Low
Director
Company Registration No. 12241750
Studio B/Low Ltd
Notes to the Accounts
for the period from 3 October 2019 to 31 October 2020
Studio B/Low Ltd is a private company, limited by shares, registered in England and Wales, registration number 12241750. The registered office is 45B Esmond Road, London, NW6 7HF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Studio B/Low Ltd
Notes to the Accounts
for the period from 3 October 2019 to 31 October 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2020
6
Creditors: amounts falling due within one year
2020
Loans from directors
1,810
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
The ultimate controlling party is Ms. Bei Jeen Low, who is the sole director and holds one hundred percent of the company shares.
9
Average number of employees
During the period the average number of employees was 1.