Additive Studios Ltd - Accounts to registrar (filleted) - small 18.2

Additive Studios Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08004781(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Additive Studios Ltd

Additive Studios Ltd (Registered number: 08004781)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Additive Studios Ltd

Company Information
for the Year Ended 31 March 2019







DIRECTORS: Matthew Stevens
Peter Aylward





REGISTERED OFFICE: Studio 8
Great Western Studios
65 Alfred Road
Paddington
London
W2 5EU





REGISTERED NUMBER: 08004781(England and Wales)





ACCOUNTANTS: CPS Accountancy Ltd
Chartered Certified Accountants
10a Aldermans Hill
Palmers Green
London
N13 4PJ

Additive Studios Ltd (Registered number: 08004781)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,000 15,668

CURRENT ASSETS
Debtors 5 28,564 26,038
Cash at bank and in hand 170,244 44,595
198,808 70,633
CREDITORS
Amounts falling due within one year 6 88,239 14,609
NET CURRENT ASSETS 110,569 56,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,569

71,692

PROVISIONS FOR LIABILITIES 7 5,890 2,977
NET ASSETS 135,679 68,715

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 135,579 68,615
SHAREHOLDERS' FUNDS 135,679 68,715

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 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.

Additive Studios Ltd (Registered number: 08004781)

Balance Sheet - continued
31 March 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 July 2019and were
signed on its behalf by:




Peter Aylward- Director



Matthew Stevens- Director


Additive Studios Ltd (Registered number: 08004781)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Additive Studios Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

Additive Studios Ltd (Registered number: 08004781)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4(2018 - 4) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2018 49,588
Additions 25,665
At 31 March 2019 75,253
DEPRECIATION
At 1 April 2018 33,920
Charge for year 10,333
At 31 March 2019 44,253
NET BOOK VALUE
At 31 March 2019 31,000
At 31 March 2018 15,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 26,822 24,326
Other debtors 1,742 1,712
28,564 26,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts 3,224 269
Trade creditors 1,534 279
Tax 28,742 4,496
Social security and other taxes 423 376
VAT 4,383 2,344
Directors' loan accounts 48,883 6,845
Accrued expenses 1,050 -
88,239 14,609

Additive Studios Ltd (Registered number: 08004781)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

7. PROVISIONS FOR LIABILITIES
31.3.19 31.3.18
£    £   
Deferred tax 5,890 2,977

Deferred
tax
£   
Balance at 1 April 2018 2,977
Charge to Income Statement during year 2,913
Balance at 31 March 2019 5,890

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.19 31.3.18
value: £    £   
100 Ordinary 1 100 100

Additive Studios Ltd

Report of the Accountants to the Directors of
Additive Studios Ltd

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






CPS Accountancy Ltd
Chartered Certified Accountants
10a Aldermans Hill
Palmers Green
London
N13 4PJ


29 July 2019