Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.72021-06-01falseThe principal activity of the company continued to be that of a recording company.10truetrue 06221784 2021-06-01 2022-05-31 06221784 2020-06-01 2021-05-31 06221784 2022-05-31 06221784 2021-05-31 06221784 c:Director3 2021-06-01 2022-05-31 06221784 d:Buildings d:ShortLeaseholdAssets 2021-06-01 2022-05-31 06221784 d:Buildings d:ShortLeaseholdAssets 2022-05-31 06221784 d:Buildings d:ShortLeaseholdAssets 2021-05-31 06221784 d:MotorVehicles 2021-06-01 2022-05-31 06221784 d:OfficeEquipment 2021-06-01 2022-05-31 06221784 d:OfficeEquipment 2022-05-31 06221784 d:OfficeEquipment 2021-05-31 06221784 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06221784 d:OtherPropertyPlantEquipment 2021-06-01 2022-05-31 06221784 d:OtherPropertyPlantEquipment 2022-05-31 06221784 d:OtherPropertyPlantEquipment 2021-05-31 06221784 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06221784 d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06221784 d:CurrentFinancialInstruments 2022-05-31 06221784 d:CurrentFinancialInstruments 2021-05-31 06221784 d:Non-currentFinancialInstruments 2022-05-31 06221784 d:Non-currentFinancialInstruments 2021-05-31 06221784 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 06221784 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 06221784 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 06221784 d:Non-currentFinancialInstruments d:AfterOneYear 2021-05-31 06221784 d:ShareCapital 2022-05-31 06221784 d:ShareCapital 2021-05-31 06221784 d:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 06221784 d:RetainedEarningsAccumulatedLosses 2022-05-31 06221784 d:RetainedEarningsAccumulatedLosses 2021-05-31 06221784 c:FRS102 2021-06-01 2022-05-31 06221784 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 06221784 c:FullAccounts 2021-06-01 2022-05-31 06221784 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 06221784 2 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 06221784










DISTURBING LONDON RECORDS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2022

 
DISTURBING LONDON RECORDS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7


 
DISTURBING LONDON RECORDS LIMITED
REGISTERED NUMBER: 06221784

BALANCE SHEET
AS AT 31 MAY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,455
43,402

Current assets
  

Debtors: amounts falling due within one year
 5 
694,895
560,950

Cash at bank and in hand
 6 
58,958
43,325

  
753,853
604,275

Creditors: amounts falling due within one year
 7 
(512,251)
(351,485)

Net current assets
  
 
 
241,602
 
 
252,790

Creditors: amounts falling due after more than one year
 8 
(195,000)
(254,486)

  

Net assets
  
56,057
41,706


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 9 
55,957
41,606

  
56,057
41,706


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 the 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 statement of comprehensive income 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 7 November 2023.



P Spiropoulos
Director
Page 1

 
DISTURBING LONDON RECORDS LIMITED
REGISTERED NUMBER: 06221784
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2022


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DISTURBING LONDON RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

Disturbing London Records Limited is a private company limited by shares, incorporated in England and Wales, registration number 06221784. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DISTURBING LONDON RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over 3 - 6 years
Motor vehicles
-
Straight line over 3 years
Office equipment
-
Straight line over 3 - 5 years
Other fixed assets
-
See below

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 profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
DISTURBING LONDON RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a seperate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability as a liability in the Balance Sheet. The assets of the plan are held seperately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2021 - 10).

Page 5

 
DISTURBING LONDON RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

4.


Tangible fixed assets





Short-term leasehold property
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 June 2021
75,485
29,660
9,455
114,600


Disposals
(75,485)
(29,660)
-
(105,145)



At 31 May 2022

-
-
9,455
9,455





At 1 June 2021
45,025
26,173
-
71,198


Charge for the year on owned assets
9,002
1,909
-
10,911


Disposals
(54,027)
(28,082)
-
(82,109)



At 31 May 2022

-
-
-
-



Net book value



At 31 May 2022
-
-
9,455
9,455



At 31 May 2021
30,460
3,487
9,455
43,402


5.


Debtors

2022
2021
£
£


Trade debtors
28,032
25,216

Amounts owed by group undertakings
658,506
513,602

Other debtors
4,579
19,843

Prepayments and accrued income
3,778
2,289

694,895
560,950


Page 6

 
DISTURBING LONDON RECORDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
58,958
43,325



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
60,000
45,514

Trade creditors
82,239
67,232

Other taxation and social security
260,079
212,709

Other creditors
3,579
3,579

Accruals and deferred income
106,354
22,451

512,251
351,485



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
195,000
254,486



9.


Reserves

Profit and loss account

The profit and loss reserve is made up of accumulated profit and loss less dividends.

 
Page 7