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Company registration number: SC313013
Mundell Music Limited
Unaudited filleted financial statements
31 March 2023
Mundell Music Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Mundell Music Limited
Directors and other information
Director David Mundell
Company number SC313013
Registered office 18 North Street
Glenrothes
Fife
KY7 5NA
Accountants Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
Bankers Bank of Scotland
2 High Street
Kinross
KY13 8AW
Mundell Music Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Mundell Music Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mundell Music Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of Mundell Music Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mundell Music Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mundell Music Limited and its director as a body for our work or for this report.
It is your duty to ensure that Mundell Music 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 Mundell Music Limited. You consider that Mundell Music 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 Mundell Music 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.
Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
13 February 2024
Mundell Music Limited
Statement of financial position
31 March 2023
2023 2022
£ £
Fixed assets 22,509 19,540
_______ _______
Current assets 17,275 39,456
Creditors: amounts falling due within one year ( 12,065) ( 14,594)
_______ _______
Net current assets 5,210 24,862
_______ _______
Total assets less current liabilities 27,719 44,402
Creditors: amounts falling due after more than one year ( 7,238) ( 11,389)
Accruals and deferred income ( 800) ( 930)
_______ _______
Net assets 19,681 32,083
_______ _______
Capital and reserves 19,681 32,083
_______ _______
Notes to the financial statements
Mundell Music Limited
Year ended 31 March 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
David Mundell 18,474 ( 26,994) 19,597 11,077
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
David Mundell 12,816 ( 12,315) 17,973 18,474
_______ _______ _______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 13 February 2024 , and are signed on behalf of the board by:
David Mundell
Director
Company registration number: SC313013
The company is a private company limited by shares, registered in Scotland.