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REGISTERED NUMBER: 11924129 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

FW Music Limited

FW Music Limited (Registered number: 11924129)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FW Music Limited

Company Information
for the Year Ended 30th April 2023







DIRECTOR: L H Storrs





REGISTERED OFFICE: 303 The Pillbox
115 Coventry Road
London
E2 6GH





REGISTERED NUMBER: 11924129 (England and Wales)





ACCOUNTANTS: DG Accountants (Blyton) Ltd
53 Irwin Road
Blyton
Gainsborough
Lincolnshire
DN21 3LS

FW Music Limited (Registered number: 11924129)

Balance Sheet
30th April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,605 37,970

CURRENT ASSETS
Debtors 5 43,731 22,064
Cash at bank 94,604 274,037
138,335 296,101
CREDITORS
Amounts falling due within one year 6 223,813 272,726
NET CURRENT (LIABILITIES)/ASSETS (85,478 ) 23,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,127

61,345

PROVISIONS FOR LIABILITIES 15,486 7,214
NET ASSETS 121,641 54,131

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 121,541 54,031
SHAREHOLDERS' FUNDS 121,641 54,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

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

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 19th January 2024 and were signed by:



L H Storrs - Director


FW Music Limited (Registered number: 11924129)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

FW Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Music equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FW Music Limited (Registered number: 11924129)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

4. TANGIBLE FIXED ASSETS
Freehold Music
property equipment Totals
£    £    £   
COST
At 1st May 2022 - 52,796 52,796
Additions 141,099 63,911 205,010
At 30th April 2023 141,099 116,707 257,806
DEPRECIATION
At 1st May 2022 - 14,826 14,826
Charge for year - 20,375 20,375
At 30th April 2023 - 35,201 35,201
NET BOOK VALUE
At 30th April 2023 141,099 81,506 222,605
At 30th April 2022 - 37,970 37,970

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 30,150 22,064
VAT 13,581 -
43,731 22,064

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade creditors 3,699 19,906
Tax 8,465 8,257
VAT - 19,199
Directors' current accounts 28,461 37,926
Accruals and deferred income 181,000 186,000
Accrued expenses 2,188 1,438
223,813 272,726

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/23 30/4/22
value: £    £   
100 ordinary 1 100 100

FW Music Limited (Registered number: 11924129)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

8. RESERVES
Retained
earnings
£   

At 1st May 2022 54,031
Profit for the year 85,510
Dividends (18,000 )
At 30th April 2023 121,541

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 (2022 - £14,000) were paid to the director .

Included in creditors at the balance sheet date is an amount due to the director of £28,491 (2022 - £37,926) This amount is in respect of net expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is L H Storrs.