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REGISTERED NUMBER: 10582289 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

MUSIC AND TRAVEL LIMITED

MUSIC AND TRAVEL LIMITED (REGISTERED NUMBER: 10582289)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MUSIC AND TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: Mrs H J Garnett
P Garnett





REGISTERED OFFICE: Mount Pleasant
East Hann Lane
Barrow On Humber
East Yorkshire
DN19 7EH





REGISTERED NUMBER: 10582289 (England and Wales)






MUSIC AND TRAVEL LIMITED (REGISTERED NUMBER: 10582289)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,488 1,456

CURRENT ASSETS
Debtors 5 17,265 -
Cash at bank 18,282 1,180
35,547 1,180
CREDITORS
Amounts falling due within one year 6 31,755 885
NET CURRENT ASSETS 3,792 295
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,280

1,751

PROVISIONS FOR LIABILITIES 7 283 276
NET ASSETS 4,997 1,475

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 4,897 1,375
SHAREHOLDERS' FUNDS 4,997 1,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MUSIC AND TRAVEL LIMITED (REGISTERED NUMBER: 10582289)

BALANCE SHEET - continued
31ST JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th October 2023 and were signed on its behalf by:





Mrs H J Garnett - Director


MUSIC AND TRAVEL LIMITED (REGISTERED NUMBER: 10582289)

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

1. STATUTORY INFORMATION

Music and Travel 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 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MUSIC AND TRAVEL LIMITED (REGISTERED NUMBER: 10582289)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st February 2022 1,999 845 2,844
Additions 403 - 403
At 31st January 2023 2,402 845 3,247
DEPRECIATION
At 1st February 2022 976 412 1,388
Charge for year 285 86 371
At 31st January 2023 1,261 498 1,759
NET BOOK VALUE
At 31st January 2023 1,141 347 1,488
At 31st January 2022 1,023 433 1,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 17,265 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 1,104 -
Directors' current accounts 455 585
Accruals and deferred income 30,196 300
31,755 885

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 283 276

Deferred
tax
£   
Balance at 1st February 2022 276
Accelerated capital allowances 7
Balance at 31st January 2023 283

MUSIC AND TRAVEL LIMITED (REGISTERED NUMBER: 10582289)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1st February 2022 1,375
Profit for the year 6,022
Dividends (2,500 )
At 31st January 2023 4,897

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H J Garnett.