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REGISTERED NUMBER: 07550435 (England and Wales)















Masonic Music Limited

Unaudited Financial Statements

for the Year Ended 31st May 2023






Masonic Music Limited (Registered number: 07550435)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Masonic Music Limited

Company Information
for the year ended 31st May 2023







DIRECTORS: S J Griffiths
Mrs L E Griffiths
W B Wright





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





REGISTERED NUMBER: 07550435 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Masonic Music Limited (Registered number: 07550435)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,051 1,313
Tangible assets 6 45 56
1,096 1,369

CURRENT ASSETS
Cash at bank and in hand 100 125

CREDITORS
Amounts falling due within one year 7 2,081 1,731
NET CURRENT LIABILITIES (1,981 ) (1,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(885

)

(237

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (985 ) (337 )
SHAREHOLDERS' FUNDS (885 ) (237 )

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 13th February 2024 and were signed on its behalf by:





W B Wright - Director


Masonic Music Limited (Registered number: 07550435)

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

1. STATUTORY INFORMATION

Masonic Music 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.

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


The principal activity in the year under review was that of the distribution of music software systems.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who has confirmed their continuing support for a period of twelve months following approval of these financial statements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

4. EMPLOYEES AND DIRECTORS

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

Masonic Music Limited (Registered number: 07550435)

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st June 2022
and 31st May 2023 8,165
AMORTISATION
At 1st June 2022 6,852
Charge for year 262
At 31st May 2023 7,114
NET BOOK VALUE
At 31st May 2023 1,051
At 31st May 2022 1,313

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022
and 31st May 2023 385
DEPRECIATION
At 1st June 2022 329
Charge for year 11
At 31st May 2023 340
NET BOOK VALUE
At 31st May 2023 45
At 31st May 2022 56

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,081 1,731

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100

9. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st May 2023 or 31st May 2022.

10. CAPITAL COMMITMENTS

There were no capital commitments as at 31st May 2023 or 31st May 2022.