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Registration number: 06971760

Superstudio Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 July 2012
 

 

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 2012

The directors present their report and the unaudited financial statements for the year ended 31 July 2012.

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 15 January 2013 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 2012

 

Note

   

2012
£

   

2011
£

 

Turnover

 

   

143,921

   

102,749

 

Administrative expenses

 

   

(44,305)

   

(37,628)

 

Operating profit

 

   

99,616

   

65,121

 

Other interest receivable and similar income

 

   

-

   

3

 

Profit on ordinary activities before taxation

 

   

99,616

   

65,124

 

Tax on profit on ordinary activities

 

3

   

(19,923)

   

(13,458)

 

Profit for the financial year

 

8

   

79,693

   

51,666

 

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 2012

 

Note

   

2012
£

   

2011
£

 

Current assets

 

   

   

 

Debtors

 

4

   

29,190

   

21,710

 

Cash at bank and in hand

 

   

35,347

   

17,524

 

 

   

64,537

   

39,234

 

Creditors: Amounts falling due within one year

 

5

   

(30,275)

   

(38,941)

 

Net assets

 

   

34,262

   

293

 

Capital and reserves

 

   

   

 

Called up share capital

 

6

   

100

   

100

 

Profit and loss account

 

8

   

34,162

   

193

 

Shareholders' funds

 

   

34,262

   

293

 

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 2012 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 15 January 2013 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 2012
......... 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, net of value added tax, 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:

 

2012
£

   

2011
£

 

 

   

 

Remuneration

 

14,422

   

10,189

 

3

Taxation

Tax on profit on ordinary activities

 

2012
£

   

2011
£

 

Current tax

 

   

 

Corporation tax charge

 

19,923

   

13,458

 

4

Debtors

 

2012
£

   

2011
£

 

 

   

 

Trade debtors

 

29,190

   

21,710

 

 

29,190

   

21,710

 
 

Superstudio Limited
Notes to the Financial Statements for the Year Ended 31 July 2012
......... continued

5

Creditors: Amounts falling due within one year

 

2012
£

   

2011
£

 

 

   

 

Trade creditors

 

660

   

550

 

Corporation tax

 

19,923

   

13,458

 

Other taxes and social security

 

2,619

   

-

 

Other creditors

 

7,073

   

24,933

 

 

30,275

   

38,941

 

6

Share capital

Allotted, called up and fully paid shares

 

2012

2011

   

No.

   

£

   

No.

   

£

 

Ordinary share of £1 each

 

100

   

100

   

100

   

100

 
                         

7

Dividends

 

2012
£

   

2011
£

 

Dividends paid

 

   

 

Current year interim dividend paid

 

45,724

   

58,000

 

8

Reserves

 

Profit and loss account
£

   

Total
£

 

 

   

 

At 1 August 2011

 

193

   

193

 

 

   

 

Profit for the year

 

79,693

   

79,693

 

Dividends

 

(45,724)

   

(45,724)

 

At 31 July 2012

 

34,162

   

34,162