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REGISTERED NUMBER: 08329384 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

FORESIGHT MUSIC LIMITED

FORESIGHT MUSIC LIMITED (REGISTERED NUMBER: 08329384)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORESIGHT MUSIC LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J A Akinoso





SECRETARY: J Roddison FCA





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 08329384 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

FORESIGHT MUSIC LIMITED (REGISTERED NUMBER: 08329384)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,432 5,230
Investments 5 3,824 3,824
10,256 9,054

CURRENT ASSETS
Debtors 6 654,875 542,627
Cash at bank 181,913 312,599
836,788 855,226
CREDITORS
Amounts falling due within one year 7 411,771 496,837
NET CURRENT ASSETS 425,017 358,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,273

367,443

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 435,272 367,442
SHAREHOLDERS' FUNDS 435,273 367,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 February 2024 and were signed by:



J A Akinoso - Director


FORESIGHT MUSIC LIMITED (REGISTERED NUMBER: 08329384)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Foresight 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 20,125
Additions 2,811
At 31 December 2023 22,936
DEPRECIATION
At 1 January 2023 14,895
Charge for year 1,609
At 31 December 2023 16,504
NET BOOK VALUE
At 31 December 2023 6,432
At 31 December 2022 5,230

FORESIGHT MUSIC LIMITED (REGISTERED NUMBER: 08329384)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 3,824
NET BOOK VALUE
At 31 December 2023 3,824
At 31 December 2022 3,824

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,271 40,153
Other debtors 648,604 502,474
654,875 542,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,876 9,886
Taxation and social security - 10,733
Other creditors 408,895 476,218
411,771 496,837

8. ULTIMATE CONTROLLING PARTY

The controlling party is J A Akinoso.