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Company Registration No. SC449843 (Scotland)
HEXVILLE MUSIC LTD Unaudited accounts for the year ended 31 March 2023
HEXVILLE MUSIC LTD Unaudited accounts Contents
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HEXVILLE MUSIC LTD Company Information for the year ended 31 March 2023
Directors
Donald Shaw Karen Matheson
Company Number
SC449843 (Scotland)
Registered Office
FLAT 6 16 WOODLANDS TERRACE GLASGOW G3 6DF
Accountants
Brand Jamieson & Co Ltd 2 Victoria Place Rutherglen Glasgow G73 2JP
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HEXVILLE MUSIC LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,190 
17,871 
Current assets
Debtors
146,937 
140,733 
Investments
19,000 
19,000 
Cash at bank and in hand
69,377 
74,431 
235,314 
234,164 
Creditors: amounts falling due within one year
(41,603)
(37,032)
Net current assets
193,711 
197,132 
Total assets less current liabilities
208,901 
215,003 
Creditors: amounts falling due after more than one year
(13,397)
(18,093)
Net assets
195,504 
196,910 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
195,484 
196,890 
Shareholders' funds
195,504 
196,910 
For the year ending 31 March 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 30 June 2023 and were signed on its behalf by
Donald Shaw Director Company Registration No. SC449843
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HEXVILLE MUSIC LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
HEXVILLE MUSIC LTD is a private company, limited by shares, registered in Scotland, registration number SC449843. The registered office is FLAT 6, 16 WOODLANDS TERRACE, GLASGOW, G3 6DF.
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.
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:
Plant & machinery
15% reducing balance.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
49,780 
At 31 March 2023
49,780 
Depreciation
At 1 April 2022
31,909 
Charge for the year
2,681 
At 31 March 2023
34,590 
Net book value
At 31 March 2023
15,190 
At 31 March 2022
17,871 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,708 
1,504 
Amounts due from group undertakings etc.
141,229 
139,229 
146,937 
140,733 
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HEXVILLE MUSIC LTD Notes to the Accounts for the year ended 31 March 2023
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
19,000 
19,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,500 
4,200 
VAT
6,973 
5,984 
Trade creditors
5,911 
1,376 
Taxes and social security
16,726 
15,628 
Loans from directors
5,543 
7,864 
Accruals
1,950 
1,980 
41,603 
37,032 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,397 
18,093 
9
Transactions with related parties
Dividends of £70000 (2022 £50000) were paid to the Directors.
10
Controlling party
Control of the company is shared equally between the two directors.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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