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Registered number: 04419030
Brighter Day Music Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Brentwood Accounting and Tax
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04419030
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 15,140 17,025
15,140 17,025
CURRENT ASSETS
Stocks 100 100
Debtors 1,667 376
Cash at bank and in hand 11,097 -
12,864 476
Creditors: Amounts Falling Due Within One Year (59,704 ) (26,784 )
NET CURRENT ASSETS (LIABILITIES) (46,840 ) (26,308 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,700 ) (9,283 )
Creditors: Amounts Falling Due After More Than One Year (65,663 ) (74,250 )
NET LIABILITIES (97,363 ) (83,533 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (97,365 ) (83,535 )
SHAREHOLDERS' FUNDS (97,363) (83,533)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr James Burrell
Director
21/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Brighter Day Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04419030 . The registered office is 65 Sedgeford Road, London, W12 0NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold no
Plant & Machinery over 5 years
Fixtures & Fittings over 5 years
Computer Equipment over 5 Years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 15,000
As at 31 March 2024 15,000
Amortisation
As at 1 April 2023 15,000
As at 31 March 2024 15,000
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 84,531
Additions 915
As at 31 March 2024 85,446
Depreciation
As at 1 April 2023 67,506
Provided during the period 2,800
As at 31 March 2024 70,306
Net Book Value
As at 31 March 2024 15,140
As at 1 April 2023 17,025
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4