Company Registration No. 9637886 (England and Wales)
CLAYSPACE STUDIOS LTD
Unaudited accounts
for the year ended 30 June 2021
CLAYSPACE STUDIOS LTD
Unaudited accounts
Contents
CLAYSPACE STUDIOS LTD
Company Information
for the year ended 30 June 2021
Directors
B M McVey
R I Parsons
Company Number
9637886 (England and Wales)
Registered Office
61A NORTHDOWN ROAD
MARGATE
CT9 2RJ
ENGLAND
Accountants
Meades Accounting
6 Canterbury Close
Broadstairs
Kent
CT10 2SF
CLAYSPACE STUDIOS LTD
Statement of financial position
as at
30 June 2021
Tangible assets
14,626
8,643
Cash at bank and in hand
43,949
10,280
Creditors: amounts falling due within one year
(40,800)
(21,028)
Net current assets/(liabilities)
3,763
(10,134)
Net assets/(liabilities)
18,389
(1,491)
Profit and loss account
18,389
(1,491)
Members' funds
18,389
(1,491)
For the year ending 30 June 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2021 and were signed on its behalf by
R I Parsons
Director
Company Registration No. 9637886
CLAYSPACE STUDIOS LTD
Notes to the Accounts
for the year ended 30 June 2021
CLAYSPACE STUDIOS LTD is a private company, limited by guarantee, registered in England and Wales, registration number 9637886. The registered office is 61A NORTHDOWN ROAD, MARGATE, CT9 2RJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2020
18,114
-
18,114
Additions
4,639
5,000
9,639
At 30 June 2021
22,753
5,000
27,753
At 1 July 2020
9,471
-
9,471
Charge for the year
2,656
1,000
3,656
At 30 June 2021
12,127
1,000
13,127
At 30 June 2021
10,626
4,000
14,626
At 30 June 2020
8,643
-
8,643
CLAYSPACE STUDIOS LTD
Notes to the Accounts
for the year ended 30 June 2021
5
Creditors: amounts falling due within one year
2021
2020
Trade creditors
3,457
4,271
Taxes and social security
2,430
-
Loans from directors
14,871
15,057
6
Company limited by guarantee
The company is limited by guarantee, not having share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets of liabilities of the company on winding up such amounts as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 3 (2020: 2).