Blink Studio Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03938567 (England and Wales)

Blink Studio Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTOR:

Mr M R Mcclements

SECRETARY:

Ms E E Fuster-Mears

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

03938567 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Abridged Statement of Comprehensive Income

and certain other primary statements and the Report of the Director are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Blink Studio Limited for the year ended 31 March 2019 which comprise the Abridged Statement

of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Blink Studio Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blink Studio Limited and state those matters that we have agreed to state to the director of Blink Studio Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blink Studio Limited and its director for our work or for this report.

It is your duty to ensure that Blink Studio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blink Studio Limited. You consider that Blink Studio Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blink Studio Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

6 December 2019

FIXED ASSETS

Property, plant and equipment

4

245

898

CURRENT ASSETS

Debtors

5

4,061

1,634

Cash at bank and in hand

544

3,138

4,605

4,772

CREDITORS

Amounts falling due within one year

6

6,244

4,205

NET CURRENT (LIABILITIES)/ASSETS

(1,639

)

567

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,394

)

1,465

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(1,395

)

1,464

SHAREHOLDERS' FUNDS

(1,394

)

1,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 5 December 2019 and were signed by:

Mr M R Mcclements - Director

1.	STATUTORY INFORMATION

Blink 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when products are delivered

or services are performed to the customer.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

28,390

532

28,922

DEPRECIATION

At 1 April 2018

27,492

532

28,024

Charge for year

653

-

653

At 31 March 2019

28,145

532

28,677

NET BOOK VALUE

At 31 March 2019

245

-

245

At 31 March 2018

898

-

898

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

3,606

1,179

Other debtors

455

455

4,061

1,634

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

390

410

Taxation and social security

610

841

Other creditors

5,244

2,954

6,244

4,205

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2018

1,464

Deficit for the year

(2,859

)

At 31 March 2019

(1,395

)

9.	RELATED PARTY DISCLOSURES

During the year company paid rent of £1,200 (2018:£1,200) to the director for the use of residence as office.

At the balance sheet date company owes director £3,282 (included in other creditors -note 8).