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REGISTERED NUMBER: 09461641 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Nonsuch Musical Services Ltd

Nonsuch Musical Services Ltd (Registered number: 09461641)






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


Nonsuch Musical Services Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J P Stacey





REGISTERED OFFICE: 50b Hopton Road
London
SW16 2EN





REGISTERED NUMBER: 09461641 (England and Wales)






Nonsuch Musical Services Ltd (Registered number: 09461641)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,153 31,142

CURRENT ASSETS
Debtors 5 1,043 3,986
Cash at bank 95,765 89,479
96,808 93,465
CREDITORS
Amounts falling due within one year 6 13,369 10,559
NET CURRENT ASSETS 83,439 82,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,592

114,048

CREDITORS
Amounts falling due after more than one
year

7

(12,465

)

(16,865

)

PROVISIONS FOR LIABILITIES (4,779 ) (5,917 )
NET ASSETS 91,348 91,266

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 91,248 91,166
SHAREHOLDERS' FUNDS 91,348 91,266

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 24 November 2023 and were signed by:





J P Stacey - Director


Nonsuch Musical Services Ltd (Registered number: 09461641)

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

1. STATUTORY INFORMATION

Nonsuch Musical Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and Equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Due to the disruption caused by the Coronavirus Pandemic, the company had received government aid in the form of small business grants consisting of a bank loan under the Coronavirus Bounce Back Loan Scheme. The loan is now being repaid in accordance with the original terms of the agreement.

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.

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 NIL (2022 - NIL).

Nonsuch Musical Services Ltd (Registered number: 09461641)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 March 2022 70,322 6,707 77,029
Additions 2,395 - 2,395
At 28 February 2023 72,717 6,707 79,424
DEPRECIATION
At 1 March 2022 41,397 4,490 45,887
Charge for year 7,830 554 8,384
At 28 February 2023 49,227 5,044 54,271
NET BOOK VALUE
At 28 February 2023 23,490 1,663 25,153
At 28 February 2022 28,925 2,217 31,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,043 1,050
Other debtors - 2,936
1,043 3,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,400 4,400
Taxation and social security 5,468 4,796
Other creditors 3,501 1,363
13,369 10,559

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 12,465 16,865

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2022 91,166
Profit for the year 2,082
Dividends (2,000 )
At 28 February 2023 91,248

Nonsuch Musical Services Ltd (Registered number: 09461641)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
J P Stacey
Balance outstanding at start of year 2,936 -
Amounts advanced - 2,936
Amounts repaid (2,936 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,936

The overdrawn director's loan account in the sum of £2,936 was repaid to the company on 26th May 2022.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J P Stacey.