Company Registration No. SC693673 (Scotland)
GLO MUSIC LTD
Unaudited accounts
for the year ended 31 March 2023
GLO MUSIC LTD
Unaudited accounts
Contents
GLO MUSIC LTD
Company Information
for the year ended 31 March 2023
Directors
Andrea Gobbi
Iain Michael Hutchison
Alison Smith
Company Number
SC693673 (Scotland)
Registered Office
226 WEST REGENT STREET
GLASGOW
G2 4DQ
SCOTLAND
Accountants
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
GLO MUSIC LTD
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
607
150
Net current assets
682
150
Total assets less current liabilities
682
150
Creditors: amounts falling due after more than one year
(1,050)
-
Net (liabilities)/assets
(368)
150
Called up share capital
150
150
Profit and loss account
(518)
-
Shareholders' funds
(368)
150
For the year ending 31 March 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 22 December 2023 and were signed on its behalf by
Iain Michael Hutchison
Director
Company Registration No. SC693673
GLO MUSIC LTD
Notes to the Accounts
for the year ended 31 March 2023
GLO MUSIC LTD is a private company, limited by shares, registered in Scotland, registration number SC693673. The registered office is 226 WEST REGENT STREET, GLASGOW, G2 4DQ, SCOTLAND.
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.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
5
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
750
-
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).