Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12022-06-01falseNo description of principal activity1truetruefalse 08551560 2022-06-01 2023-05-31 08551560 2021-06-01 2022-05-31 08551560 2023-05-31 08551560 2022-05-31 08551560 c:Director1 2022-06-01 2023-05-31 08551560 d:CurrentFinancialInstruments 2023-05-31 08551560 d:CurrentFinancialInstruments 2022-05-31 08551560 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08551560 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08551560 d:ShareCapital 2023-05-31 08551560 d:ShareCapital 2022-05-31 08551560 d:RetainedEarningsAccumulatedLosses 2023-05-31 08551560 d:RetainedEarningsAccumulatedLosses 2022-05-31 08551560 c:FRS102 2022-06-01 2023-05-31 08551560 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08551560 c:FullAccounts 2022-06-01 2023-05-31 08551560 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08551560 2 2022-06-01 2023-05-31 08551560 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 08551560









EKO MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
EKO MUSIC LIMITED
REGISTERED NUMBER: 08551560

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
251,165
262,061

Cash at bank and in hand
  
4,643,586
1,803,868

  
4,894,751
2,065,929

Creditors: amounts falling due within one year
 5 
(1,093,631)
(441,111)

Net current assets
  
 
 
3,801,120
 
 
1,624,818

Total assets less current liabilities
  
3,801,120
1,624,818

Net assets
  
3,801,120
1,624,818


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
3,801,119
1,624,817

  
3,801,120
1,624,818


Page 1

 
EKO MUSIC LIMITED
REGISTERED NUMBER: 08551560
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

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 his 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: 


R C Hill
Director
Date: 22 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
EKO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Eko Music limited is a private company limited by shares and incorporated in England. The registered office is 101 New Cavendish Street, London, 1st Floor South, London, W1W 6XH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

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. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

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

Page 3

 
EKO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 period 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 period-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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Interest income

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

 
2.10

Taxation

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 income 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.

Page 4

 
EKO MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£

Trade debtors
242,156
174,056

Amounts owed by group undertakings
1,040
-

Other debtors
90
-

Prepayments and accrued income
7,879
88,005

251,165
262,061



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
39,069
59,598

Corporation tax
533,218
175,777

Other taxation and social security
371,423
73,163

Other creditors
711
8,470

Accruals and deferred income
149,210
124,103

1,093,631
441,111


 
Page 5