Company Registration No. 09700666 (England and Wales)
ELSIE MUSIC LIMITED
Unaudited accounts
for the year ended 31 July 2023
ELSIE MUSIC LIMITED
Unaudited accounts
Contents
ELSIE MUSIC LIMITED
Company Information
for the year ended 31 July 2023
Directors
Paul Kegg
Alison Kegg
Company Number
09700666 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
Bucks
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
ELSIE MUSIC LIMITED
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
225,294
285,878
Creditors: amounts falling due within one year
(79,771)
(125,577)
Net current assets
145,523
160,301
Net assets
147,059
160,301
Called up share capital
100
100
Profit and loss account
146,959
160,201
Shareholders' funds
147,059
160,301
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by
Paul Kegg
Director
Company Registration No. 09700666
ELSIE MUSIC LIMITED
Notes to the Accounts
for the year ended 31 July 2023
ELSIE MUSIC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09700666. The registered office is Denmark House , 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20% per annum of cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Fixtures & fittings
ELSIE MUSIC LIMITED
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,641
13,336
Loans from directors
69,915
108,641
At 31 July 2023, the directors were owed £69,915 (2022 - £108,641) by the company. This is an interest-bearing loan payable on demand. During the year interest of £1,654 was charged.
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Average number of employees
During the year the average number of employees was 2 (2022: 2).