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REGISTERED NUMBER: SC628914 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

FOR

JOANIE'S MUSIC LTD

JOANIE'S MUSIC LTD (REGISTERED NUMBER: SC628914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


JOANIE'S MUSIC LTD (REGISTERED NUMBER: SC628914)

ABRIDGED BALANCE SHEET
28TH FEBRUARY 2024

28/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,264 3,915

CURRENT ASSETS
Stocks 30,322 22,097
Cash at bank and in hand 10,900 16,395
41,222 38,492
CREDITORS
Amounts falling due within one year 28,269 31,234
NET CURRENT ASSETS 12,953 7,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,217

11,173

CREDITORS
Amounts falling due after more than one year 2,000 4,000
NET ASSETS 14,217 7,173

CAPITAL AND RESERVES
Called up share capital 5 5 5
Retained earnings 14,212 7,168
SHAREHOLDERS' FUNDS 14,217 7,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JOANIE'S MUSIC LTD (REGISTERED NUMBER: SC628914)

ABRIDGED BALANCE SHEET - continued
28TH FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th April 2024 and were signed by:





J M Rintoul - Director


JOANIE'S MUSIC LTD (REGISTERED NUMBER: SC628914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2024

1. STATUTORY INFORMATION

Joanie's Music Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC628914

Registered office: 46 Upper Craigs
Stirling
FK8 2DS

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

JOANIE'S MUSIC LTD (REGISTERED NUMBER: SC628914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st March 2023
and 28th February 2024 6,845
DEPRECIATION
At 1st March 2023 2,930
Charge for year 651
At 28th February 2024 3,581
NET BOOK VALUE
At 28th February 2024 3,264
At 28th February 2023 3,915

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 28/2/24 28/2/23
value: £    £   
5 Share capital 1 1 5 5