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Registration number: 06971760

Superstudio Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2015
 

Broadhead Accountants Limited

 

Superstudio Limited
Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

6 to 7

 

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 2015

The directors present their report and the unaudited financial statements for the year ended 31 July 2015.

Directors of the company

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

Jenny Lau-Fuller

Andrew Fuller

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 April 2016 and signed on its behalf by:

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

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

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
 
Superstudio Limitedfor the Year Ended 31 July 2015

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Superstudio Limited for the year ended 31 July 2015. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Superstudio Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Superstudio Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Superstudio Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.


 

 
......................................
 
Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 

 

 

15 April 2016

 

Superstudio Limited
Profit and Loss Account for the Year Ended 31 July 2015

   

Note

   

2015
£

   

2014
£

 

Turnover

 

   

83,296

   

96,325

 

Administrative expenses

 

   

(49,514)

   

(60,605)

 

Operating profit

 

   

33,782

   

35,720

 

Profit on ordinary activities before taxation

 

   

33,782

   

35,720

 

Tax on profit on ordinary activities

 

3

   

(6,756)

   

(7,144)

 

Profit for the financial year

 

8

   

27,026

   

28,576

 

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

 

Superstudio Limited
(Registration number: 06971760)
Balance Sheet at 31 July 2015

   

Note

   

2015
£

   

2014
£

 

Current assets

 

             

Debtors

 

4

   

17,500

   

-

 

Cash at bank and in hand

 

   

6,655

   

12,849

 
   

   

24,155

   

12,849

 

Creditors: Amounts falling due within one year

 

5

   

(23,580)

   

(11,300)

 

Net assets

 

   

575

   

1,549

 

Capital and reserves

 

             

Called up share capital

 

6

   

100

   

100

 

Profit and loss account

 

8

   

475

   

1,449

 

Shareholders' funds

 

   

575

   

1,549

 

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 2015 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 and authorised for issue by the Board on 15 April 2016 and signed on its behalf by:

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

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

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

 

Superstudio Limited
Notes to the Financial Statements for the Year Ended 31 July 2015
......... 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:

 

2015
£

   

2014
£

 

 

   

 

Remuneration

 

7,988

   

12,908

 

3

Taxation

Tax on profit on ordinary activities

   

2015
£

   

2014
£

 

Current tax

           

Corporation tax charge

 

6,756

   

7,144

 

4

Debtors

   

2015
£

   

2014
£

 
             

Trade debtors

 

17,500

   

-

 
 

Superstudio Limited
Notes to the Financial Statements for the Year Ended 31 July 2015
......... continued

5

Creditors: Amounts falling due within one year

   

2015
£

   

2014
£

 
             

Trade creditors

 

900

   

900

 

Corporation tax

 

6,756

   

7,144

 

Other taxes and social security

 

2,537

   

1,370

 

Other creditors

 

13,387

   

1,886

 
   

23,580

   

11,300

 

6

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary share of £1 each

 

100

   

100

   

100

   

100

 
                         

7

Dividends

 

2015
£

   

2014
£

 

Dividends paid

 

   

 

Current year interim dividend paid

 

28,000

   

27,500

 

8

Reserves

   

Profit and loss account
£

   

Total
£

 
             

At 1 August 2014

 

1,449

   

1,449

 
             

Profit for the year

 

27,026

   

27,026

 

Dividends

 

(28,000)

   

(28,000)

 

At 31 July 2015

 

475

   

475