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Company Registration No. 13101931 (England and Wales)
Folded Music Ltd Unaudited accounts for the year ended 31 December 2023
Folded Music Ltd Unaudited accounts Contents
Page
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Folded Music Ltd Company Information for the year ended 31 December 2023
Director
Alexander Mccall
Company Number
13101931 (England and Wales)
Registered Office
64a Basement Flat Newmarket Road Brighton BN2 3QF England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Folded Music Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,400 
9,600 
Tangible assets
7,497 
8,437 
15,897 
18,037 
Current assets
Cash at bank and in hand
15,214 
776 
Creditors: amounts falling due within one year
(11,776)
(3,693)
Net current assets/(liabilities)
3,438 
(2,917)
Net assets
19,335 
15,120 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,235 
15,020 
Shareholders' funds
19,335 
15,120 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 29 January 2024 and were signed on its behalf by
Alexander Mccall Director Company Registration No. 13101931
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Folded Music Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Folded Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 13101931. The registered office is 64a Basement Flat, Newmarket Road, Brighton, BN2 3QF, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Goodwill - 10% straight line
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
12,000 
At 31 December 2023
12,000 
Amortisation
At 1 January 2023
2,400 
Charge for the year
1,200 
At 31 December 2023
3,600 
Net book value
At 31 December 2023
8,400 
At 31 December 2022
9,600 
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Folded Music Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
15,000 
Additions
1,327 
At 31 December 2023
16,327 
Depreciation
At 1 January 2023
6,563 
Charge for the year
2,267 
At 31 December 2023
8,830 
Net book value
At 31 December 2023
7,497 
At 31 December 2022
8,437 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,694 
2,775 
Loans from directors
3,076 
- 
Accruals
1,006 
918 
11,776 
3,693 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alexander Mccall
Direcctor Loan Account
- 
(8,978)
(5,902)
(3,076)
- 
(8,978)
(5,902)
(3,076)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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