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Registered Number: 09891051
England and Wales

 

 

 

TWENTYSOMETHINGS MUSIC LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Daniel Houghton
Registered Number 09891051
Registered Office 15 Raybourne Ave
Poulton le Fylde
Lancashire
FY6 7RT
Accountants Houghtons
3 Buckingham Road West
Heaton Moor
Stockport
SK4 4AZ
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2023
Director
The director who served the company throughout the year was as follows:
Daniel Houghton (from 26/11/2015)
Statement of director's responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board.


----------------------------------
Daniel Houghton
Director

Date approved: 13 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,086    1,447 
1,086    1,447 
Current assets      
Debtors 4 3,676   
Cash at bank and in hand 13,385    32,313 
17,061    32,313 
Creditors: amount falling due within one year 5 (20,854)   (14,531)
Net current liabilities (3,793)   17,782 
 
Total assets less current liabilities (2,707)   19,229 
Net liabilities (2,707)   19,229 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account (2,807)   19,129 
Shareholder's funds (2,707)   19,229 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 13 March 2024 and were signed by:


-------------------------------
Daniel Houghton
Director
3
General Information
Twentysomethings Music Limited is a private company, limited by shares, registered in England and Wales, registration number 09891051, registration address 15 Raybourne Ave, Poulton le Fylde, Lancashire, FY6 7RT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The director confirms his ongoing support for the company for the foreseeable future, therefore the accounts have been prepared on a going concern basis. 
Turnover
Turnover represents the value of services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for material deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment 25% Reducing Balance
2.

Average number of employees


Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Equipment   Total
  £   £
At 01 December 2022 4,553    4,553 
Additions  
Disposals  
At 30 November 2023 4,553    4,553 
Depreciation
At 01 December 2022 3,106    3,106 
Charge for year 361    361 
On disposals  
At 30 November 2023 3,467    3,467 
Net book values
Closing balance as at 30 November 2023 1,086    1,086 
Opening balance as at 01 December 2022 1,447    1,447 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Corporation Tax 3,676   
3,676   

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Taxation and Social Security   3,677 
Other Creditors 20,854    10,854 
20,854    14,531 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

7.

Controlling Party

In the opinion of the directors the ultimate controlling party is Mr Daniel Houghton by virtue of his majority shareholding.
4