IRIS Accounts Production v23.3.0.418 08603015 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure086030152022-03-31086030152023-03-31086030152022-04-012023-03-31086030152021-03-31086030152021-04-012022-03-31086030152022-03-3108603015ns16:EnglandWales2022-04-012023-03-3108603015ns15:PoundSterling2022-04-012023-03-3108603015ns11:Director12022-04-012023-03-3108603015ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3108603015ns11:SmallEntities2022-04-012023-03-3108603015ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3108603015ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108603015ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108603015ns11:FullAccounts2022-04-012023-03-3108603015ns11:RegisteredOffice2022-04-012023-03-3108603015ns6:CurrentFinancialInstruments2023-03-3108603015ns6:CurrentFinancialInstruments2022-03-3108603015ns6:Non-currentFinancialInstruments2023-03-3108603015ns6:Non-currentFinancialInstruments2022-03-3108603015ns6:ShareCapital2023-03-3108603015ns6:ShareCapital2022-03-3108603015ns6:RetainedEarningsAccumulatedLosses2023-03-3108603015ns6:RetainedEarningsAccumulatedLosses2022-03-3108603015ns6:FurnitureFittings2022-03-3108603015ns6:ComputerEquipment2022-03-3108603015ns6:FurnitureFittings2022-04-012023-03-3108603015ns6:ComputerEquipment2022-04-012023-03-3108603015ns6:FurnitureFittings2023-03-3108603015ns6:ComputerEquipment2023-03-3108603015ns6:FurnitureFittings2022-03-3108603015ns6:ComputerEquipment2022-03-3108603015ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3108603015ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-3108603015ns6:Non-currentFinancialInstruments2022-04-012023-03-3108603015ns6:WithinOneYear2023-03-3108603015ns6:WithinOneYear2022-03-3108603015ns6:BetweenOneFiveYears2023-03-3108603015ns6:BetweenOneFiveYears2022-03-3108603015ns6:AllPeriods2023-03-3108603015ns6:AllPeriods2022-03-31
REGISTERED NUMBER: 08603015 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

RIMU MUSIC EDUCATION SERVICES LIMITED

RIMU MUSIC EDUCATION SERVICES LIMITED (REGISTERED NUMBER: 08603015)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


RIMU MUSIC EDUCATION SERVICES LIMITED

Company Information
for the year ended 31st March 2023







DIRECTOR: Mrs N Richardson





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 08603015 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
RIMU Music Education Services Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RIMU Music Education Services Limited for the year ended 31st March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of RIMU Music Education Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RIMU Music Education Services Limited and state those matters that we have agreed to state to the director of RIMU Music Education Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RIMU Music Education Services Limited and its director for our work or for this report.

It is your duty to ensure that RIMU Music Education Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RIMU Music Education Services Limited. You consider that RIMU Music Education Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RIMU Music Education Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


24th November 2023

RIMU MUSIC EDUCATION SERVICES LIMITED (REGISTERED NUMBER: 08603015)

Statement of Financial Position
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,041 2,455

CURRENT ASSETS
Debtors 5 13,052 10,290
Cash at bank 538,367 451,404
551,419 461,694
CREDITORS
Amounts falling due within one year 6 176,852 160,867
NET CURRENT ASSETS 374,567 300,827
TOTAL ASSETS LESS CURRENT LIABILITIES 377,608 303,282

CREDITORS
Amounts falling due after more than one
year

7

29,178

39,178
NET ASSETS 348,430 264,104

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 348,330 264,004
SHAREHOLDERS' FUNDS 348,430 264,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RIMU MUSIC EDUCATION SERVICES LIMITED (REGISTERED NUMBER: 08603015)

Statement of Financial Position - continued
31st March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th November 2023 and were signed by:





Mrs N Richardson - Director


RIMU MUSIC EDUCATION SERVICES LIMITED (REGISTERED NUMBER: 08603015)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

RIMU Music Education Services 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 represents net invoiced sales of services, excluding value added tax.
Income, whether it is from parental fees, or from government funds, is recognised when the company has entitlement to the funds, it is probable that the income will be received and that the amount can be measured reliably.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation. 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, using the straight line method. Depreciation is charged on the following basis:

Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost


Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.


RIMU MUSIC EDUCATION SERVICES LIMITED (REGISTERED NUMBER: 08603015)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 453 5,914 6,367
Additions - 2,537 2,537
At 31st March 2023 453 8,451 8,904
DEPRECIATION
At 1st April 2022 453 3,459 3,912
Charge for year - 1,951 1,951
At 31st March 2023 453 5,410 5,863
NET BOOK VALUE
At 31st March 2023 - 3,041 3,041
At 31st March 2022 - 2,455 2,455

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments 13,052 10,290

RIMU MUSIC EDUCATION SERVICES LIMITED (REGISTERED NUMBER: 08603015)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 10,000 10,000
Tax 62,452 66,451
Social security and other taxes 5,080 4,780
Other creditors 95,284 76,230
Directors' loan accounts 448 626
Accrued expenses 3,588 2,780
176,852 160,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans - 1-2 years 29,178 10,000
Other loans - 2-5 years - 29,178
29,178 39,178

The bank loan is due for repayment by February 2027.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 69,799 37,500
Between one and five years - 18,333
69,799 55,833

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N Richardson.