G6 MUSIC LIMITED

Company Registration Number:
13232355 (England and Wales)

Unaudited statutory accounts for the year ended 30 March 2023

Period of accounts

Start date: 1 April 2022

End date: 30 March 2023

G6 MUSIC LIMITED

Contents of the Financial Statements

for the Period Ended 30 March 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

G6 MUSIC LIMITED

Directors' report period ended 30 March 2023

The directors present their report with the financial statements of the company for the period ended 30 March 2023

Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 30 March 2023

Mr O R Park


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 March 2024

And signed on behalf of the board by:
Name: Mr O R Park
Status: Director

G6 MUSIC LIMITED

Balance sheet

As at 30 March 2023

Notes 2023 13 months to 31 March 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,248 0
Investments:   0 0
Total fixed assets: 2,248 0
Current assets
Stocks: 4 4,000 600
Debtors: 5 52,746 43,890
Cash at bank and in hand: 26,843 5,007
Investments:   0 0
Total current assets: 83,589 49,497
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 82,988 ) ( 32,482 )
Net current assets (liabilities): 601 17,015
Total assets less current liabilities: 2,849 17,015
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 2,849 17,015
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 2,749 16,915
Total Shareholders' funds: 2,849 17,015

The notes form part of these financial statements

G6 MUSIC LIMITED

Balance sheet statements

For the year ending 30 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 March 2024
and signed on behalf of the board by:

Name: Mr O R Park
Status: Director

The notes form part of these financial statements

G6 MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Computer equipment - 25% on cost

    Other accounting policies

    StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

G6 MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

  • 2. Employees

    2023 13 months to 31 March 2022
    Average number of employees during the period 1 1

G6 MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 0 0
Additions 2,998 2,998
Disposals
Revaluations
Transfers
At 30 March 2023 2,998 2,998
Depreciation
At 1 April 2022 0 0
Charge for year 750 750
On disposals
Other adjustments
At 30 March 2023 750 750
Net book value
At 30 March 2023 2,248 2,248
At 31 March 2022 0 0

G6 MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

4. Stocks

2023 13 months to 31 March 2022
£ £
Stocks 4,000 600
Total 4,000 600

G6 MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

5. Debtors

2023 13 months to 31 March 2022
£ £
Trade debtors 52,746 18,888
Other debtors 0 25,002
Total 52,746 43,890

G6 MUSIC LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2023

6. Creditors: amounts falling due within one year note

2023 13 months to 31 March 2022
£ £
Trade creditors 35,637 3,762
Taxation and social security 28,941 11,307
Accruals and deferred income 3,410 2,413
Other creditors 15,000 15,000
Total 82,988 32,482