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REGISTERED NUMBER: 07805777 (England and Wales)



Financial Statements for the Year Ended 28 February 2023

for

Paul Silver Music Limited

Paul Silver Music Limited (Registered number: 07805777)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul Silver Music Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr P K L Silver





REGISTERED OFFICE: 31 Manor Rd
Barnet
EN5 2LA





REGISTERED NUMBER: 07805777 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Paul Silver Music Limited (Registered number: 07805777)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 105 140

CURRENT ASSETS
Debtors 5 112 1,880
Cash at bank 20,531 22,222
20,643 24,102
CREDITORS
Amounts falling due within one year 6 (20,733 ) (20,603 )
NET CURRENT (LIABILITIES)/ASSETS (90 ) 3,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

15

3,639

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 14 3,638
SHAREHOLDERS' FUNDS 15 3,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 23 November 2023 and were signed by:





Mr P K L Silver - Director


Paul Silver Music Limited (Registered number: 07805777)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Paul Silver Music 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Paul Silver Music Limited (Registered number: 07805777)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 249
DEPRECIATION
At 1 March 2022 109
Charge for year 35
At 28 February 2023 144
NET BOOK VALUE
At 28 February 2023 105
At 28 February 2022 140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 1,654
Other debtors 112 226
112 1,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1 -
Taxation and social security - 2,067
Other creditors 20,732 18,536
20,733 20,603

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 ORD £1 1 1

Paul Silver Music Limited (Registered number: 07805777)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. RESERVES
Retained
earnings
£   

At 1 March 2022 3,638
Deficit for the year (1,824 )
Dividends (1,800 )
At 28 February 2023 14