Registered number
07448246
Tidy Music Ltd
Filleted Accounts
30 November 2023
Tidy Music Ltd
Registered number: 07448246
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 31,979 35,775
Current assets
Debtors 4 5,400 4,350
Cash at bank and in hand 45,638 68,821
51,038 73,171
Creditors: amounts falling due within one year 5 (40,040) (32,693)
Net current assets 10,998 40,478
Total assets less current liabilities 42,977 76,253
Provisions for liabilities (6,076) (6,800)
Net assets 36,901 69,453
Capital and reserves
Called up share capital 1 1
Profit and loss account 36,900 69,452
Shareholder's funds 36,901 69,453
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Allan Jenkins
Director
Approved by the board on 14 February 2024
Tidy Music Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and with the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Tidy Music Ltd is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
The financial statements are prepared in Sterling (£) which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, for the provision of services, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 33% reducing balance
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

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 within the profit and loss account.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 December 2022 171,501
Additions 11,961
At 30 November 2023 183,462
Depreciation
At 1 December 2022 135,726
Charge for the year 15,757
At 30 November 2023 151,483
Net book value
At 30 November 2023 31,979
At 30 November 2022 35,775
4 Debtors 2023 2022
£ £
Trade debtors 5,400 4,350
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 31,837 30,503
Other creditors 8,203 2,190
40,040 32,693
6 Loans to directors
B/fwd Paid Repaid C/fwd
£ £ £ £
Allan Jenkins
Loan 1,257 681 (4,239) (2,301)
1,257 681 (4,239) (2,301)
7 Related party transactions
The director has a loan account with the company, this loan is interest free with no fixed repayment date, the loan account balance is included within other creditors, see notes 5 and 6.
8 Controlling party
The company is controlled by the director by virtue of his majority shareholding.
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