Additive Studios Ltd - Accounts to registrar (filleted) - small 17.3

Additive Studios Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 08004781(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Additive Studios Ltd

Additive Studios Ltd (Registered number: 08004781)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Additive Studios Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Matthew Stevens
Peter Aylward





REGISTERED OFFICE: Studio 66
Great Western Studios
65 Alfred Road
Paddington
London
W2 5EU





REGISTERED NUMBER: 08004781(England and Wales)





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

Additive Studios Ltd (Registered number: 08004781)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,668 17,847

CURRENT ASSETS
Debtors 5 26,038 91,923
Cash at bank and in hand 44,595 23,306
70,633 115,229
CREDITORS
Amounts falling due within one year 6 14,609 47,983
NET CURRENT ASSETS 56,024 67,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,692

85,093

PROVISIONS FOR LIABILITIES 7 2,977 -
NET ASSETS 68,715 85,093

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 68,615 84,993
SHAREHOLDERS' FUNDS 68,715 85,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


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 5 November 2018and were
signed on its behalf by:





Peter Aylward- Director


Additive Studios Ltd (Registered number: 08004781)

Notes to the Financial Statements
for the Year Ended 31 March 2018

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4(2017 - 4) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2017 46,545
Additions 3,043
At 31 March 2018 49,588
DEPRECIATION
At 1 April 2017 28,698
Charge for year 5,222
At 31 March 2018 33,920
NET BOOK VALUE
At 31 March 2018 15,668
At 31 March 2017 17,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 24,326 90,783
Other debtors 1,712 1,140
26,038 91,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 269 -
Trade creditors 279 -
Tax 4,496 16,341
Social security and other taxes 376 259
VAT 2,344 823
Directors' loan accounts 6,845 30,352
Accrued expenses - 208
14,609 47,983

7. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 2,977 -

Additive Studios Ltd (Registered number: 08004781)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 2,977
Balance at 31 March 2018 2,977

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary 1 100 100