Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3112022-01-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06554143 2022-01-01 2022-12-31 06554143 2021-01-01 2021-12-31 06554143 2022-12-31 06554143 2021-12-31 06554143 c:Director1 2022-01-01 2022-12-31 06554143 d:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 06554143 d:OtherPropertyPlantEquipment 2022-12-31 06554143 d:OtherPropertyPlantEquipment 2021-12-31 06554143 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06554143 d:CurrentFinancialInstruments 2022-12-31 06554143 d:CurrentFinancialInstruments 2021-12-31 06554143 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06554143 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06554143 d:ShareCapital 2022-12-31 06554143 d:ShareCapital 2021-12-31 06554143 d:RetainedEarningsAccumulatedLosses 2022-12-31 06554143 d:RetainedEarningsAccumulatedLosses 2021-12-31 06554143 c:OrdinaryShareClass1 2022-01-01 2022-12-31 06554143 c:OrdinaryShareClass1 2022-12-31 06554143 c:OrdinaryShareClass1 2021-12-31 06554143 c:FRS102 2022-01-01 2022-12-31 06554143 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06554143 c:FullAccounts 2022-01-01 2022-12-31 06554143 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06554143 2 2022-01-01 2022-12-31 06554143 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06554143 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 06554143 d:OtherDeferredTax 2022-12-31 06554143 d:OtherDeferredTax 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06554143














A ADKINS TOURING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
A ADKINS TOURING LIMITED
REGISTERED NUMBER:06554143

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
85,383
97,269

  
85,383
97,269

Current assets
  

Debtors: amounts falling due within one year
 5 
2,389,213
51,163

Bank and cash balances
 6 
443,686
117,871

  
2,832,899
169,034

Creditors: amounts falling due within one year
 7 
(2,875,748)
(330,228)

Net current liabilities
  
 
 
(42,849)
 
 
(161,194)

Total assets less current liabilities
  
42,534
(63,925)

Provisions for liabilities
  

Deferred tax
 8 
-
(24,311)

  
 
 
-
 
 
(24,311)

Net assets/(liabilities)
  
42,534
(88,236)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
42,533
(88,237)

  
42,534
(88,236)


Page 1

 
A ADKINS TOURING LIMITED
REGISTERED NUMBER:06554143
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Adkins
Director

5 December 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
A ADKINS TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

A Adkins Touring Limited is a private company, limited by shares, registered in England and Wales, registration number 06554143. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of music touring and promotion

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The director has reviewed the financial circumstances of the company and confirms that she will support the company as necessary for at least 12 months from the balance sheet date. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the statement of comprehensive income within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
 
Turnover from music touring and promotion are recognised when it is probable the company will receive the rights to the consideration due under the contract.

Page 3

 
A ADKINS TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

 Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Equipment
-
7
years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

During the year, the company assesed the estimated useful life of the equipment and changed its method of depreciation from 25% on a reducing balance basis to seven years on a straight-line basis. The cumulative effect of this change has all been processed through the current year financial statements.

Page 4

 
A ADKINS TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2021 -1).


4.


Tangible fixed assets





Equipment

£



Cost


At 1 January 2022
106,423


Additions
236



At 31 December 2022

106,659



Depreciation


At 1 January 2022
9,154


Charge for the year
12,122



At 31 December 2022

21,276



Net book value



At 31 December 2022
85,383



At 31 December 2021
97,269

Page 5

 
A ADKINS TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
-
32

Amounts owed by connected companies
146,009
-

Other debtors
1,870
43,614

Accrued income
2,241,334
7,517

2,389,213
51,163


Included within accrued income is £2,173,992 (2021 - £7,517) in relation to transactions with connected companies which were invoiced after the balance sheet date.


6.


Cash

2022
2021
£
£

Cash at bank and in hand
443,686
117,871



7.


Creditors: amounts falling due within one year

2022
2021
£
£

Trade creditors
3,631
8,939

Amounts owed to connected companies
1,998,857
295,388

Other taxation and social security
-
13,255

Other creditors
873,260
12,646

2,875,748
330,228


Included within accruals is £851,542 (2021 - £NIL) in relation to transactions with connected companies which were invoiced after the balance sheet date.


8.


Deferred taxation




2022


£






At beginning of year
(24,311)


Profit and loss account movement
24,311



At end of year
-

Page 6

 
A ADKINS TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
 
8.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2022
2021
£
£


Fixed asset timing differences
-
24,317

Short term timing differences
-
(6)

-
24,311


9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 -1) Ordinary share of £1.00
1
1


The ordinary share has attached to it full voting, dividend and capital distribution (including on winding up) rights; it does not confer any rights of redemption.

 
Page 7