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Company Registration No. 08039137 (England and Wales)
GEDMUSIC LTD for the period from 24 February 2022 to 21 February 2023
GEDMUSIC LTD Contents
Page
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GEDMUSIC LTD Company Information for the period from 24 February 2022 to 21 February 2023
Director
Philip Knights
Company Number
08039137 (England and Wales)
Registered Office
111 Dads Wood Harlow Essex CM20 1JL England
Accountants
David Barry and Co Ltd 44 New Farm Drive Abridge Romford Essex RM4 1BT
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GEDMUSIC LTD Accountants' report
Accountants' report to the director of GEDMUSIC LTD on the preparation of the unaudited statutory accounts for the period from 24 February 2022 to 21 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GEDMUSIC LTD for the period from 24 February 2022 to 21 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GEDMUSIC LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of GEDMUSIC LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GEDMUSIC LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GEDMUSIC LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GEDMUSIC LTD. You consider that GEDMUSIC LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of GEDMUSIC LTD. 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 accounts.
David Barry and Co Ltd 44 New Farm Drive Abridge Romford Essex RM4 1BT 31 March 2024
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GEDMUSIC LTD Statement of financial position as at 21 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,892 
19,172 
Current assets
Debtors
2,866 
- 
Cash at bank and in hand
5,129 
14,305 
7,995 
14,305 
Creditors: amounts falling due within one year
(17,128)
(26,405)
Net current liabilities
(9,133)
(12,100)
Net assets
11,759 
7,072 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
11,758 
7,071 
Shareholders' funds
11,759 
7,072 
For the period ending 21 February 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 31 March 2024 and were signed on its behalf by
Philip Knights Director Company Registration No. 08039137
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GEDMUSIC LTD Notes to the Accounts for the period from 24 February 2022 to 21 February 2023
1
Statutory information
GEDMUSIC LTD is a private company, limited by shares, registered in England and Wales, registration number 08039137. The registered office is 111 Dads Wood, Harlow , Essex, CM20 1JL , England.
2
Compliance with accounting standards
The financial 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 period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and on an accruals basis
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of musical performances, teaching, sheet copying and other work carried out in respect of services provided to clients.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Musical Instruments-depreciation 0% and no longer provided. Computer Equipment -25% reducing balance
Plant & machinery
Depreciation 0%, No longer provided on Musical Instruments
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 24 February 2022
55,204 
39,814 
95,018 
Additions
609 
3,242 
3,851 
Revaluations
(1,609)
(3,695)
(5,304)
At 21 February 2023
54,204 
39,361 
93,565 
Depreciation
At 24 February 2022
41,315 
34,531 
75,846 
Charge for the period
- 
2,131 
2,131 
Surplus on revaluation
(1,609)
(3,695)
(5,304)
At 21 February 2023
39,706 
32,967 
72,673 
Net book value
At 21 February 2023
14,498 
6,394 
20,892 
At 23 February 2022
13,889 
5,283 
19,172 
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GEDMUSIC LTD Notes to the Accounts for the period from 24 February 2022 to 21 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,866 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,671 
2,803 
Loans from directors
13,163 
20,010 
Accruals
2,294 
3,592 
17,128 
26,405 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Pension commitments
There are no pension commitments to the director who is the sole employee of the company
9
Loans to directors
There are no outstanding loans to the director or anyone else
10
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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