Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01690198 2022-04-01 2023-03-31 01690198 2021-04-01 2022-03-31 01690198 2023-03-31 01690198 2022-03-31 01690198 c:Director1 2022-04-01 2023-03-31 01690198 d:PlantMachinery 2022-04-01 2023-03-31 01690198 d:PlantMachinery 2023-03-31 01690198 d:PlantMachinery 2022-03-31 01690198 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01690198 d:CurrentFinancialInstruments 2023-03-31 01690198 d:CurrentFinancialInstruments 2022-03-31 01690198 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01690198 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01690198 d:ShareCapital 2023-03-31 01690198 d:ShareCapital 2022-03-31 01690198 d:RetainedEarningsAccumulatedLosses 2023-03-31 01690198 d:RetainedEarningsAccumulatedLosses 2022-03-31 01690198 c:FRS102 2022-04-01 2023-03-31 01690198 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01690198 c:FullAccounts 2022-04-01 2023-03-31 01690198 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01690198 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01690198 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 01690198









STYLIST MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
STYLIST MUSIC LIMITED
REGISTERED NUMBER: 01690198

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,096
3,642

  
3,096
3,642

Current assets
  

Debtors: amounts falling due within one year
 5 
1,004,446
1,290,545

Bank and cash balances
  
2,814,194
1,194,036

  
3,818,640
2,484,581

Creditors: amounts falling due within one year
 6 
(278,831)
(28,065)

Net current assets
  
 
 
3,539,809
 
 
2,456,516

Total assets less current liabilities
  
3,542,905
2,460,158

Provisions for liabilities
  

Deferred tax
 7 
(526)
(619)

  
 
 
(526)
 
 
(619)

Net assets
  
3,542,379
2,459,539


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
3,542,377
2,459,537

  
3,542,379
2,459,539


Page 1

 
STYLIST MUSIC LIMITED
REGISTERED NUMBER: 01690198
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges his 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 16 November 2023.




P J Weller
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
STYLIST MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. Its registered office is located at 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The principle activity of the company in the year under review was that of music publishing.

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

Turnover

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. 

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
STYLIST MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Music equipment
-
15%
on reducing balance

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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
STYLIST MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Music Equipment

£



Cost or valuation


At 1 April 2022
30,625



At 31 March 2023

30,625



Depreciation


At 1 April 2022
26,983


Charge for the year on owned assets
546



At 31 March 2023

27,529



Net book value



At 31 March 2023
3,096



At 31 March 2022
3,642

Page 5

 
STYLIST MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,004,446
1,224,446

Prepayments and accrued income
-
66,099

1,004,446
1,290,545



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
254,106
14,048

Other taxation and social security
24,725
14,017

278,831
28,065



7.


Deferred taxation




2023


£






At beginning of year
(619)


Charged to profit or loss
93



At end of year
(526)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(526)
(619)

(526)
(619)

 
Page 6