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REGISTERED NUMBER: 09554319 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2022

for

London City Music Ltd

London City Music Ltd (Registered number: 09554319)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


London City Music Ltd

Company Information
for the Year Ended 30 April 2022







DIRECTOR: B T Lowe





REGISTERED OFFICE: 18 Holmesdale Road
North Holmwood
Dorking
Surrey
RH5 4HT





REGISTERED NUMBER: 09554319 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

London City Music Ltd (Registered number: 09554319)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,966 4,361

CURRENT ASSETS
Debtors 5 - 1,244
Cash at bank 34,228 23,316
34,228 24,560
CREDITORS
Amounts falling due within one year 6 27,995 18,756
NET CURRENT ASSETS 6,233 5,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,199

10,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 13,099 10,065
SHAREHOLDERS' FUNDS 13,199 10,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





B T Lowe - Director


London City Music Ltd (Registered number: 09554319)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

London City Music Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Instruments & accessories - 15% on reducing balance

Government grants
Grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Instruments
& accessories
£   
COST
At 1 May 2021 5,520
Additions 3,834
At 30 April 2022 9,354
DEPRECIATION
At 1 May 2021 1,159
Charge for year 1,229
At 30 April 2022 2,388
NET BOOK VALUE
At 30 April 2022 6,966
At 30 April 2021 4,361

London City Music Ltd (Registered number: 09554319)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors - 875
Tax - 369
- 1,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Tax 300 -
VAT 3,009 244
Other creditors 23,134 13,112
Directors' current accounts 437 1,800
Accrued expenses 1,115 3,600
27,995 18,756

7. RESERVES
Retained
earnings
£   

At 1 May 2021 10,065
Profit for the year 5,034
Dividends (2,000 )
At 30 April 2022 13,099

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2021 - £2,000) were paid to the director .

During the year Barnaby Lowe, a director and shareholder of the company, hired musical equipment owned by his sole trade business to the company. The rental charge for the year was £7,295 (2021 - £357) and is reflected in the company's profit and loss account.