Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312falsefalse2022-02-01Publishing sound records2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04055994 2022-02-01 2023-01-31 04055994 2021-02-01 2022-01-31 04055994 2023-01-31 04055994 2022-01-31 04055994 1 2022-02-01 2023-01-31 04055994 d:Director1 2022-02-01 2023-01-31 04055994 c:PlantMachinery 2022-02-01 2023-01-31 04055994 c:PlantMachinery 2023-01-31 04055994 c:PlantMachinery 2022-01-31 04055994 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04055994 c:CurrentFinancialInstruments 2023-01-31 04055994 c:CurrentFinancialInstruments 2022-01-31 04055994 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 04055994 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 04055994 c:ShareCapital 2023-01-31 04055994 c:ShareCapital 2022-01-31 04055994 c:RetainedEarningsAccumulatedLosses 2023-01-31 04055994 c:RetainedEarningsAccumulatedLosses 2022-01-31 04055994 d:OrdinaryShareClass1 2022-02-01 2023-01-31 04055994 d:OrdinaryShareClass1 2023-01-31 04055994 d:FRS102 2022-02-01 2023-01-31 04055994 d:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04055994 d:AbridgedAccounts 2022-02-01 2023-01-31 04055994 d:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 04055994 (England and Wales)







ESSENCE RECORDS LTD

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
ESSENCE RECORDS LTD
REGISTERED NUMBER:04055994

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
1,406
1,654

  
1,406
1,654

Current assets
  

Cash at bank and in hand
 5 
63,636
46,346

  
63,636
46,346

Creditors: amounts falling due within one year
 6 
(29,824)
(25,844)

Net current assets
  
 
 
33,812
 
 
20,502

Total assets less current liabilities
  
35,218
22,156

  

Net assets
  
35,218
22,156


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
35,216
22,154

  
35,218
22,156


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 October 2023.




___________________________
P D Cheeseman
Director

Page 1

 
ESSENCE RECORDS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Essence Records Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Trevelyan Gardens, London, NW10 3JY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

Page 2

 
ESSENCE RECORDS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 February 2022
15,051



At 31 January 2023

15,051



Depreciation


At 1 February 2022
13,397


Charge for the year on owned assets
248



At 31 January 2023

13,645



Net book value



At 31 January 2023
1,406



At 31 January 2022
1,654


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
63,636
46,346

63,636
46,346


Page 3

 
ESSENCE RECORDS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
3,138
1,036

VAT payable
167
31

Directors' current account
25,419
23,177

Accruals and deferred income
1,100
1,600

29,824
25,844



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1.00 each
2
2


8.


Profit and loss reserves

2023
2022
£
£



At the beginning of the year
22,154
19,876

Dividends paid in the year
-
(2,000)

Profit (loss) for the year
13,062
4,277

At the end of the year
35,216
22,153


9.


Post balance sheet events

There were no events since the year end which materially affected the company.


10.


Controlling party

The ultimate controlling party is P D Cheeseman.
 
Page 4