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REGISTERED NUMBER: 04231855















Financial Statements for the Year Ended 30 June 2023

for

Cronin Music Limited

Cronin Music Limited (Registered number: 04231855)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Cronin Music Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr T Cronin
Ms A Meyer





REGISTERED OFFICE: 99 Canterbury Road
Whitstable
Kent
CT5 4HG





REGISTERED NUMBER: 04231855





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Cronin Music Limited (Registered number: 04231855)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,106 17,413

CURRENT ASSETS
Debtors 5 19,619 25,278
Cash at bank and in hand 47,944 40,870
67,563 66,148
CREDITORS
Amounts falling due within one year 6 42,353 42,817
NET CURRENT ASSETS 25,210 23,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,316

40,744

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,216 40,644
SHAREHOLDERS' FUNDS 44,316 40,744

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

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

The directors acknowledge their 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.

Cronin Music Limited (Registered number: 04231855)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:




Mr T Cronin - Director



Ms A Meyer - Director


Cronin Music Limited (Registered number: 04231855)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Cronin Music Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Cronin Music Limited (Registered number: 04231855)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 51,719
Additions 5,039
At 30 June 2023 56,758
DEPRECIATION
At 1 July 2022 34,306
Charge for year 3,346
At 30 June 2023 37,652
NET BOOK VALUE
At 30 June 2023 19,106
At 30 June 2022 17,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,619 25,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 521 2,062
Tax 14,440 14,254
VAT 19,174 26,001
Wages Creditor 6,714 -
Directors' current accounts 1,004 -
Accrued expenses 500 500
42,353 42,817

Cronin Music Limited

Report of the Accountants to the Directors of
Cronin Music Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


23 October 2023