2 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,781 3,562 1,975 5,537 1,244 3,219 xbrli:pure xbrli:shares iso4217:GBP 08870556 2022-02-01 2023-01-31 08870556 2023-01-31 08870556 2022-01-31 08870556 2021-02-01 2022-01-31 08870556 2022-01-31 08870556 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08870556 bus:Director2 2022-02-01 2023-01-31 08870556 core:WithinOneYear 2023-01-31 08870556 core:WithinOneYear 2022-01-31 08870556 core:ShareCapital 2023-01-31 08870556 core:ShareCapital 2022-01-31 08870556 core:RetainedEarningsAccumulatedLosses 2023-01-31 08870556 core:RetainedEarningsAccumulatedLosses 2022-01-31 08870556 bus:SmallEntities 2022-02-01 2023-01-31 08870556 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 08870556 bus:FullAccounts 2022-02-01 2023-01-31 08870556 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08870556 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08870556 bus:OrdinaryShareClass1 2023-01-31 08870556 bus:OrdinaryShareClass1 2022-01-31 08870556 core:ComputerEquipment 2022-02-01 2023-01-31 08870556 core:ComputerEquipment 2023-01-31 08870556 core:ComputerEquipment 2022-01-31
COMPANY REGISTRATION NUMBER: 08870556
CAOS MUSIC AND FILM COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
CAOS MUSIC AND FILM COMPANY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
CAOS MUSIC AND FILM COMPANY LIMITED
BALANCE SHEET
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,244
3,219
Current assets
Debtors
6
1,015
Cash at bank and in hand
804
5,546
------------
------------
804
6,561
Creditors: amounts falling due within one year
7
( 238,160)
( 125,816)
------------
------------
Net current liabilities
( 237,356)
( 119,255)
------------
------------
Total assets less current liabilities
( 236,112)
( 116,036)
------------
------------
Net liabilities
( 236,112)
( 116,036)
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 236,212)
( 116,136)
------------
------------
Shareholders deficit
( 236,112)
( 116,036)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 October 2023 , and are signed on behalf of the board by:
Mrs K Y Bedford Director
Company registration number: 08870556
CAOS MUSIC AND FILM COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initally recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Computer equipment
Total
£
£
Cost
At 1 February 2022 and 31 January 2023
6,781
6,781
------------
------------
Depreciation
At 1 February 2022
3,562
3,562
Charge for the year
1,975
1,975
------------
------------
At 31 January 2023
5,537
5,537
------------
------------
Carrying amount
At 31 January 2023
1,244
1,244
------------
------------
At 31 January 2022
3,219
3,219
------------
------------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
1,015
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,120
1,316
Director's loan account
237,040
124,500
------------
------------
238,160
125,816
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
The director's loan account of £237,040 (2022: £124,500) set out at note 8 above is unsecured, repayable on demand and currently interest-free. The company is controlled by the estate of P Mistry deceased.
10. Going concern
The director is currently assessing the future viability of the business. All assets and liabilities are recorded at actual or estimated current values.