1 April 2021 false No description of principal activity Taxfiler 2022.8.3 SC270060business:PrivateLimitedCompanyLtd2021-04-012022-03-31 SC2700602021-03-31 SC2700602021-04-012022-03-31 SC270060business:AuditExempt-NoAccountantsReport2021-04-012022-03-31 SC270060business:FullAccounts2021-04-012022-03-31 SC2700602022-03-31 SC270060business:Director12021-04-012022-03-31 SC270060business:RegisteredOffice2021-04-012022-03-31 SC2700602021-03-31 SC270060core:WithinOneYear2022-03-31 SC270060core:WithinOneYear2021-03-31 SC270060core:AfterOneYear2022-03-31 SC270060core:AfterOneYear2021-03-31 SC270060core:ShareCapital2022-03-31 SC270060core:ShareCapital2021-03-31 SC270060core:RetainedEarningsAccumulatedLosses2022-03-31 SC270060core:RetainedEarningsAccumulatedLosses2021-03-31 SC270060business:SmallEntities2021-04-012022-03-31 SC270060countries:Scotland2021-04-012022-03-31 SC270060core:FurnitureFittings2021-03-31 SC270060core:FurnitureFittings2022-03-31 SC2700602020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC270060 (Scotland)
GLASGOW UNDERGROUND MUSIC LIMITED Unaudited accounts for the year ended 31 March 2022
GLASGOW UNDERGROUND MUSIC LIMITED Unaudited accounts Contents
Page
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GLASGOW UNDERGROUND MUSIC LIMITED Company Information for the year ended 31 March 2022
Director
Kevin McKay
Company Number
SC270060 (Scotland)
Registered Office
25 CASTLEPARK GARDENS FAIRLIE LARGS AYRSHIRE KA29 0BS
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GLASGOW UNDERGROUND MUSIC LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
50,000 
50,000 
Cash at bank and in hand
45,010 
41,722 
95,010 
91,722 
Creditors: amounts falling due within one year
(19,832)
(10,230)
Net current assets
75,178 
81,492 
Total assets less current liabilities
75,178 
81,492 
Creditors: amounts falling due after more than one year
(30,040)
(50,000)
Net assets
45,138 
31,492 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,038 
31,392 
Shareholders' funds
45,138 
31,492 
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 2 September 2022 and were signed on its behalf by
Kevin McKay Director Company Registration No. SC270060
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GLASGOW UNDERGROUND MUSIC LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
GLASGOW UNDERGROUND MUSIC LIMITED is a private company, limited by shares, registered in Scotland, registration number SC270060. The registered office is 25 CASTLEPARK GARDENS, FAIRLIE, LARGS, AYRSHIRE, KA29 0BS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2021
5,652 
At 31 March 2022
5,652 
Depreciation
At 1 April 2021
5,652 
At 31 March 2022
5,652 
Net book value
At 31 March 2022
- 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Debtors: amounts falling due after more than one year
Other debtors
50,000 
50,000 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
8,304 
1,547 
Trade creditors
- 
833 
Taxes and social security
11,528 
7,222 
Loans from directors
- 
628 
19,832 
10,230 
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GLASGOW UNDERGROUND MUSIC LIMITED Notes to the Accounts for the year ended 31 March 2022
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
30,040 
50,000 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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