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Company Registration No. 11987520 (England and Wales)
Lowlife Music Ltd Unaudited accounts for the year ended 31 May 2023
Lowlife Music Ltd Unaudited accounts Contents
Page
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Lowlife Music Ltd Company Information for the year ended 31 May 2023
Directors
Lucas Gabb Joshua Hardy Alex Scott Ben Wilkinson
Company Number
11987520 (England and Wales)
Registered Office
104 Princess Drive York North Yorkshire YO26 5SY
Accountants
Dead Simple Accounting Suite 30, 105 London Street Reading Berkshire RG1 4QD
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Lowlife Music Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,610 
- 
Current assets
Cash at bank and in hand
2,168 
4,679 
Creditors: amounts falling due within one year
(13,928)
(12,088)
Net current liabilities
(11,760)
(7,409)
Net liabilities
(4,150)
(7,409)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,250)
(7,509)
Shareholders' funds
(4,150)
(7,409)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
Alex Scott Director Company Registration No. 11987520
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Lowlife Music Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Lowlife Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 11987520. The registered office is 104 Princess Drive, York, North Yorkshire, YO26 5SY.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2022
- 
Additions
7,610 
At 31 May 2023
7,610 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
7,610 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
840 
- 
Loans from directors
12,488 
11,488 
Accruals
600 
600 
13,928 
12,088 
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Lowlife Music Ltd Notes to the Accounts for the year ended 31 May 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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