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REGISTERED NUMBER: 07231408 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

D K Music Management Limited

D K Music Management Limited (Registered number: 07231408)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D K Music Management Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: R D Keyes





REGISTERED OFFICE: Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA





REGISTERED NUMBER: 07231408 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

D K Music Management Limited (Registered number: 07231408)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,998 28,427
Tangible assets 5 6,080 11,734
29,078 40,161

CURRENT ASSETS
Debtors 6 684,459 712,172
Cash at bank 74,980 129,216
759,439 841,388
CREDITORS
Amounts falling due within one year 7 499,657 516,737
NET CURRENT ASSETS 259,782 324,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,860

364,812

CREDITORS
Amounts falling due after more than one
year

8

(25,377

)

(30,648

)

PROVISIONS FOR LIABILITIES (1,155 ) (2,229 )
NET ASSETS 262,328 331,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,228 331,835
SHAREHOLDERS' FUNDS 262,328 331,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D K Music Management Limited (Registered number: 07231408)

Balance Sheet - continued
30 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





R D Keyes - Director


D K Music Management Limited (Registered number: 07231408)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

D K Music Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of nine years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website cost is being amortised evenly over its estimated useful life of nine years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 25% on cost
Music equipment - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

D K Music Management Limited (Registered number: 07231408)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill cost Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 11,925 37,309 49,234
AMORTISATION
At 1 May 2022 10,599 10,208 20,807
Amortisation for year 1,325 4,104 5,429
At 30 April 2023 11,924 14,312 26,236
NET BOOK VALUE
At 30 April 2023 1 22,997 22,998
At 30 April 2022 1,326 27,101 28,427

5. TANGIBLE FIXED ASSETS
Leasehold Music Computer
improvements equipment equipment Totals
£    £    £    £   
COST
At 1 May 2022 16,996 72,013 30,716 119,725
Additions - - 315 315
At 30 April 2023 16,996 72,013 31,031 120,040
DEPRECIATION
At 1 May 2022 16,996 66,258 24,737 107,991
Charge for year - 2,317 3,652 5,969
At 30 April 2023 16,996 68,575 28,389 113,960
NET BOOK VALUE
At 30 April 2023 - 3,438 2,642 6,080
At 30 April 2022 - 5,755 5,979 11,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 16,521 24,679
Other debtors 667,938 687,493
684,459 712,172

D K Music Management Limited (Registered number: 07231408)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,675 10,648
Trade creditors 894 -
Taxation and social security 12,312 27,872
Other creditors 475,776 478,217
499,657 516,737

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 25,377 30,648

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.