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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
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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
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ELSIE MUSIC LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,536 
- 
Current assets
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 
Capital and reserves
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
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ELSIE MUSIC LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2022
- 
Additions
1,920 
At 31 July 2023
1,920 
Depreciation
Charge for the year
384 
At 31 July 2023
384 
Net book value
At 31 July 2023
1,536 
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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 
Other creditors
- 
1 
Loans from directors
69,915 
108,641 
Accruals
1,215 
3,599 
79,771 
125,577 
6
Loans to directors
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.
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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