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REGISTERED NUMBER: 01299086 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BRAND NEW MUSIC LIMITED

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAND NEW MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: M W H Vernon





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 01299086 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,078 5,437
Tangible assets 5 214 252
4,292 5,689

CURRENT ASSETS
Debtors 6 400 724
Cash at bank 61,799 61,496
62,199 62,220
CREDITORS
Amounts falling due within one year 7 10,592 15,522
NET CURRENT ASSETS 51,607 46,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,899

52,387

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,799 52,287
SHAREHOLDERS' FUNDS 55,899 52,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

BALANCE SHEET - continued
31ST MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2023 and were signed by:





M W H Vernon - Director


BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Brand New Music Limited 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 represents net invoiced sales of goods, excluding value added tax.

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

Taxation
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Development costs
Development expenditure incurred on specific projects are capitalised as an asset when its future recoverability can be reasonably assured. The expenditure is then amortised so as to match the expenditure with the anticipated income streams from the project.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2022
and 31st March 2023 21,468
AMORTISATION
At 1st April 2022 16,031
Charge for year 1,359
At 31st March 2023 17,390
NET BOOK VALUE
At 31st March 2023 4,078
At 31st March 2022 5,437

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 12,771
DEPRECIATION
At 1st April 2022 12,519
Charge for year 38
At 31st March 2023 12,557
NET BOOK VALUE
At 31st March 2023 214
At 31st March 2022 252

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 400 724

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,172 -
Taxation and social security 833 3,322
Other creditors 7,587 12,200
10,592 15,522