Registered Number:09078048 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
64 Million Artists Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
4,240
1,880
2
4,240
1,880
Trade and other receivables |
33,327
16,606
3
67,676
Cash and cash equivalents |
102,732
119,338
101,003
Trade and other payables: amounts falling due within one |
year |
(90,508)
(106,270)
4
10,495
13,068
Net current assets
Total assets less current liabilities |
17,308
12,375
17,308
Net assets
12,375
17,308
12,375
17,308
12,375
Members' Funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Ms Josephine Hunter Director |
These financial statements were approved and authorised for issue by the Board on 27 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
64 Million Artists Ltd
Notes to the Financial Statements
Statutory Information
64 Million Artists Ltd is a private limited company, limited by guarantee, domiciled in England and Wales, registration |
number 09078048. |
3 Castlemead Road
Stroud
GL5 3SF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company and grant income. Goods and services are net of Value Added Tax and trade discounts. Grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Property, plant and equipment
Computer equipment
Property, plant and equipment, other than freehold land, are stated at cost less depreciation and any provision for |
impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated |
residual value, over their expected useful lives on the following basis: |
Computer equipment 25% Straight line |
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For the year ended 31 March 2023
64 Million Artists Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
5,814
4,433
10,247
Provision for depreciation and impairment |
3,934
Charge for year
2,073
6,007
4,240
1,880
3. Trade and other receivables |
2022
2023
16,606
32,989
-
338
33,327
16,606
4. Trade and other payables: amounts falling due within one year |
2022
2023
26,568
34,324
5,510
-
Taxation and social security |
37,535
25,384
36,657
30,800
106,270
90,508
5. Average number of persons employed |
During the year the average number of employees was 8 (2022 : 6)
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