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Company Registration No. 05597213 (England and Wales)
Musicademy Records Limited Unaudited accounts for the year ended 31 October 2023
Musicademy Records Limited Unaudited accounts Contents
Page
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Musicademy Records Limited Company Information for the year ended 31 October 2023
Director
Marie Page
Company Number
05597213 (England and Wales)
Registered Office
High House Streat Hill Streat Hassocks BN6 8RP
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Musicademy Records Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
2,569 
2,970 
Debtors
5,057 
5,576 
Cash at bank and in hand
3,457 
16,019 
11,083 
24,565 
Creditors: amounts falling due within one year
(4,298)
(8,094)
Net current assets
6,785 
16,471 
Net assets
6,785 
16,471 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,783 
16,469 
Shareholders' funds
6,785 
16,471 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2024 and were signed on its behalf by
Marie Page Director Company Registration No. 05597213
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Musicademy Records Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Musicademy Records Limited is a private company, limited by shares, registered in England and Wales, registration number 05597213. The registered office is High House , Streat Hill, Streat, Hassocks, BN6 8RP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight-line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
194 
14,016 
14,210 
At 31 October 2023
194 
14,016 
14,210 
Depreciation
At 1 November 2022
194 
14,016 
14,210 
At 31 October 2023
194 
14,016 
14,210 
Net book value
At 31 October 2023
- 
- 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,024 
1,543 
Other debtors
4,033 
4,033 
5,057 
5,576 
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Musicademy Records Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,270 
5,781 
Taxes and social security
308 
1,413 
Other creditors
720 
900 
4,298 
8,094 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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