Company registration number 12855104 (England and Wales)
ENIGMA RECORDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD FROM 3 SEPTEMBER 2020 TO 30 SEPTEMBER 2021
PAGES FOR FILING WITH REGISTRAR
ENIGMA RECORDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ENIGMA RECORDINGS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2021
30 September 2021
- 1 -
2021
Notes
£
£
Current assets
Debtors
3
1,601
Cash at bank and in hand
4,597
6,198
Creditors: amounts falling due within one year
4
(32,456)
Net current liabilities
(26,258)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(26,358)
Total equity
(26,258)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 September 2022 and are signed on its behalf by:
Mr J McNamara
Director
Company Registration No. 12855104
ENIGMA RECORDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021
- 2 -
1
Accounting policies
Company information
Enigma Recordings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.
1.1
Reporting period
The financial statements are presented for the period from 3 September 2020 to 30 September 2021 in order for the first period to align with the end of the calendar month.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised for music content creation services and is shown net of VAT.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2021
Number
Total
3
ENIGMA RECORDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2021
- 3 -
3
Debtors
2021
Amounts falling due within one year:
£
Other debtors
1,601
4
Creditors: amounts falling due within one year
2021
£
Other creditors
31,456
Accruals and deferred income
1,000
32,456