1 February 2022 false No description of principal activity Taxfiler 2023.10 8859606business:PrivateLimitedCompanyLtd2022-02-012023-01-31 88596062022-01-31 88596062022-02-012023-01-31 8859606business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 8859606business:FilletedAccounts2022-02-012023-01-31 88596062023-01-31 8859606business:Director12022-02-012023-01-31 8859606business:CompanySecretary12022-02-012023-01-31 8859606business:RegisteredOffice2022-02-012023-01-31 88596062022-01-31 8859606core:WithinOneYear2023-01-31 8859606core:WithinOneYear2022-01-31 8859606core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 8859606core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 8859606core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 8859606core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 8859606core:PreviouslyStatedAmount2023-01-31 8859606core:PreviouslyStatedAmount2022-01-31 8859606business:SmallEntities2022-02-012023-01-31 8859606countries:EnglandWales2022-02-012023-01-31 8859606core:ComputerEquipment2022-02-012023-01-31 8859606core:ComputerEquipment2022-01-31 8859606core:ComputerEquipment2023-01-31 88596062021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 8859606 (England and Wales)
Spear Music Ltd Unaudited accounts for the year ended 31 January 2023
Spear Music Ltd Unaudited accounts Contents
Page
- 2 -
Spear Music Ltd Company Information for the year ended 31 January 2023
Director
DR Nicola Moro
Secretary
DR Nicola Moro
Company Number
8859606 (England and Wales)
Registered Office
C/O Bogatyij Ltd 39-41 North Road LONDON N7 9DP United Kingdom
Accountants
Bogatyij Ltd United House 39 - 41 North Road London N7 9DP
- 3 -
Spear Music Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,272 
13,300 
Investments
41,000 
41,000 
50,272 
54,300 
Current assets
Debtors
30,643 
51,268 
Cash at bank and in hand
10,360 
34,929 
41,003 
86,197 
Creditors: amounts falling due within one year
(25,150)
(40,434)
Net current assets
15,853 
45,763 
Net assets
66,125 
100,063 
Capital and reserves
Called up share capital
755 
755 
Profit and loss account
65,370 
99,308 
Shareholders' funds
66,125 
100,063 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 25 October 2023 and were signed on its behalf by
DR Nicola Moro Director Company Registration No. 8859606
- 4 -
Spear Music Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Spear Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 8859606. The registered office is C/O Bogatyij Ltd, 39-41 North Road, LONDON, N7 9DP, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer Equipment at 33% reducing balance method Assets are depreciated during the year of purchase but not in the year of sale, and are written off completely when the asset's book value falls below 10% of it's original purchase price.
Computer equipment
33% reducing balance method
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
38,106 
Additions
539 
At 31 January 2023
38,645 
Depreciation
At 1 February 2022
24,806 
Charge for the year
4,567 
At 31 January 2023
29,373 
Net book value
At 31 January 2023
9,272 
At 31 January 2022
13,300 
- 5 -
Spear Music Ltd Notes to the Accounts for the year ended 31 January 2023
5
Investments
Other investments 
£ 
Valuation at 1 February 2022
41,000 
Valuation at 31 January 2023
41,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
20,625 
Other debtors
30,643 
30,643 
30,643 
51,268 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
32 
- 
Taxes and social security
- 
8,360 
Other creditors
15,000 
12,055 
Loans from directors
10,118 
19 
Accruals
- 
20,000 
25,150 
40,434 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -