Studio 10 Fashion Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11131567 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

3RD JANUARY 2018 TO 31ST MARCH 2019

FOR

STUDIO 10 FASHION LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr I Patel

REGISTERED OFFICE:

Gate 1, Unit 5, First Floor, Office 1A,

195 Gwendolen Road

Leicester

LE5 5FN

REGISTERED NUMBER:

11131567 (England and Wales)

ACCOUNTANTS:

Watergates Ltd

109 Coleman Road

Leicester

LE5 4LE

CURRENT ASSETS

Debtors

3

124,848

Cash at bank and in hand

1,384

126,232

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4

(6,198

)

NET CURRENT ASSETS

120,034

TOTAL ASSETS LESS CURRENT LIABILITIES

120,034

CAPITAL AND RESERVES

Called up share capital

5

85,100

Retained earnings

34,934

SHAREHOLDERS' FUNDS

120,034

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

The members have not required the Company to obtain an audit of its financial statements for the period ended 31st 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.

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

The financial statements were approved by the director on 2nd October 2019 and were signed by:

Mr I Patel - Director

1.	STATUTORY INFORMATION

Studio 10 Fashion 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.

TAXATION

Taxation for the period 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 statement of financial position date.

DEFERRED TAX

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

statement of financial position 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 period 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

19,009

Other debtors

105,839

124,848

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,238

Other creditors

960

6,198

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1.00

100

85,000

Preference

£1

85,000

85,100

The following shares were issued during the period for cash at par :

85,000 Preference shares of £1

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st March 2019:

£

Mr I Patel

Balance outstanding at start of period

-

Amounts advanced

19,814

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

19,814