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Registration number: 06971760

Superstudio Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 July 2011
 

 

Superstudio Limited
Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5 to 6

 

Superstudio Limited
Company Information

Directors

Jenny Lau-Fuller

Andrew Fuller

Registered office

82 Belgrave Road
Leytonstone
London
E11 3QP

 

Superstudio Limited
Directors' Report for the Year Ended 31 July 2011

The directors present their report and the unaudited financial statements for the year ended 31 July 2011.

Directors of the company

The directors who held office during the year were as follows:

Jenny Lau-Fuller

Andrew Fuller

Principal activity

The principal activity of the company is providing design consultancy services.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 6 December 2011 and signed on its behalf by:

.........................................
Jenny Lau-Fuller
Director

.........................................
Andrew Fuller
Director

 

Superstudio Limited
Profit and Loss Account for the Year Ended 31 July 2011

 

Note

   

Year ended 31 July 2011
£

   

24 July 2009 to 31 July 2010
£

 

Turnover

 

   

102,749

   

37,184

 

Administrative expenses

 

   

(37,628)

   

(28,922)

 

Operating profit

 

   

65,121

   

8,262

 

Other interest receivable and similar income

 

   

3

   

-

 

Profit on ordinary activities before taxation

 

   

65,124

   

8,262

 

Tax on profit on ordinary activities

 

3

   

(13,458)

   

(1,735)

 

Profit for the financial year

 

8

   

51,666

   

6,527

 

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 3

 

Superstudio Limited
(Registration number: 06971760)
Balance Sheet at 31 July 2011

 

Note

   

31 July 2011
£

   

31 July 2010
£

 

Current assets

 

   

   

 

Debtors

 

4

   

21,710

   

8,421

 

Cash at bank and in hand

 

   

17,524

   

9,737

 

 

   

39,234

   

18,158

 

Creditors: Amounts falling due within one year

 

5

   

(38,941)

   

(11,531)

 

Net assets

 

   

293

   

6,627

 

Capital and reserves

 

   

   

 

Called up share capital

 

6

   

100

   

100

 

Profit and loss account

 

8

   

193

   

6,527

 

Shareholders' funds

 

   

293

   

6,627

 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 July 2011 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Board on 6 December 2011 and signed on its behalf by:

.........................................
Jenny Lau-Fuller
Director

.........................................
Andrew Fuller
Director

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 4

 

Superstudio Limited
Notes to the Financial Statements for the Year Ended 31 July 2011
......... continued

1

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Directors' remuneration

The directors' remuneration for the year was as follows:

 

Year ended 31 July 2011
£

   

24 July 2009 to 31 July 2010
£

 

 

   

 

Remuneration

 

10,189

   

5,919

 

3

Taxation

Tax on profit on ordinary activities

 

Year ended 31 July 2011
£

   

24 July 2009 to 31 July 2010
£

 

Current tax

 

   

 

Corporation tax charge

 

13,458

   

1,735

 
 

Superstudio Limited
Notes to the Financial Statements for the Year Ended 31 July 2011
......... continued

4

Debtors

 

31 July 2011
£

   

31 July 2010
£

 

 

   

 

Trade debtors

 

21,710

   

8,421

 

 

21,710

   

8,421

 

5

Creditors: Amounts falling due within one year

 

31 July 2011
£

   

31 July 2010
£

 

 

   

 

Trade creditors

 

550

   

420

 

Corporation tax

 

13,458

   

1,735

 

Other creditors

 

24,933

   

9,376

 

 

38,941

   

11,531

 

6

Share capital

Allotted, called up and fully paid shares

 

31 July 2011

31 July 2010

   

No.

   

£

   

No.

   

£

 

Ordinary share of £1 each

 

100

   

100

   

100

   

100

 
                         

7

Dividends

 

31 July 2011
£

   

31 July 2010
£

 

Dividends paid

 

   

 

Current year interim dividend paid

 

58,000

   

-

 

8

Reserves

 

Profit and loss account
£

   

Total
£

 

 

   

 

At 1 August 2010

 

6,527

   

6,527

 

 

   

 

Profit for the year

 

51,666

   

51,666

 

Dividends

 

(58,000)

   

(58,000)

 

At 31 July 2011

 

193

   

193