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REGISTERED NUMBER: 09349699 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Steve Tait Music Limited

Steve Tait Music Limited (Registered number: 09349699)

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


Steve Tait Music Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S C Tait
Dr E R Tait





SECRETARY: S C Tait





REGISTERED OFFICE: 14 Ridgeway Gardens
Horsell
Woking
Surrey
GU21 4RB





REGISTERED NUMBER: 09349699 (England and Wales)





ACCOUNTANTS: Turner Hampton
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Steve Tait Music Limited (Registered number: 09349699)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 5,730 7,639
Investments 5 304,184 131,000
309,914 138,639

CURRENT ASSETS
Cash at bank 38,048 137,212

CREDITORS
Amounts falling due within one year 6 (139,767 ) (99,313 )
NET CURRENT (LIABILITIES)/ASSETS (101,719 ) 37,899
TOTAL ASSETS LESS CURRENT LIABILITIES 208,195 176,538

PROVISIONS FOR LIABILITIES (1,348 ) (1,451 )
NET ASSETS 206,847 175,087

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 206,845 175,085
SHAREHOLDERS' FUNDS 206,847 175,087

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 directors acknowledge their 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 Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:



S C Tait - Director


Steve Tait Music Limited (Registered number: 09349699)

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


1. STATUTORY INFORMATION

Steve Tait 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 - 25% on reducing balance
Fixtures and fittings - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Steve Tait Music Limited (Registered number: 09349699)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 29,053 13,313 42,366
DEPRECIATION
At 1 January 2023 23,526 11,201 34,727
Charge for year 1,381 528 1,909
At 31 December 2023 24,907 11,729 36,636
NET BOOK VALUE
At 31 December 2023 4,146 1,584 5,730
At 31 December 2022 5,527 2,112 7,639

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 131,000
Additions 172,000
Revaluations 1,184
At 31 December 2023 304,184
NET BOOK VALUE
At 31 December 2023 304,184
At 31 December 2022 131,000

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 1,184
Cost 303,000
304,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 109,590 73,934
Other creditors 30,177 25,379
139,767 99,313