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
Spear Music Ltd
Company Information
for the year ended 31 January 2023
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
Spear Music Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
9,272
13,300
Cash at bank and in hand
10,360
34,929
Creditors: amounts falling due within one year
(25,150)
(40,434)
Net current assets
15,853
45,763
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
Spear Music Ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
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 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
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
Amounts falling due within one year
Other debtors
30,643
30,643
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
8,360
Other creditors
15,000
12,055
Loans from directors
10,118
19
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).