IRIS Accounts Production v23.4.0.336 08667251 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086672512022-08-31086672512023-08-31086672512022-09-012023-08-31086672512021-08-31086672512021-09-012022-08-31086672512022-08-3108667251ns15:EnglandWales2022-09-012023-08-3108667251ns14:PoundSterling2022-09-012023-08-3108667251ns10:Director12022-09-012023-08-3108667251ns10:Director22022-09-012023-08-3108667251ns10:CompanyLimitedByGuarantee2022-09-012023-08-3108667251ns10:SmallEntities2022-09-012023-08-3108667251ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3108667251ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3108667251ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3108667251ns10:FullAccounts2022-09-012023-08-3108667251ns10:Director32022-09-012023-08-3108667251ns10:Director42022-09-012023-08-3108667251ns10:Director52022-09-012023-08-3108667251ns10:RegisteredOffice2022-09-012023-08-3108667251ns5:CurrentFinancialInstruments2023-08-3108667251ns5:CurrentFinancialInstruments2022-08-3108667251ns5:RetainedEarningsAccumulatedLosses2023-08-3108667251ns5:RetainedEarningsAccumulatedLosses2022-08-3108667251ns5:LeaseholdImprovements2022-09-012023-08-3108667251ns5:PlantMachinery2022-09-012023-08-3108667251ns5:FurnitureFittings2022-09-012023-08-3108667251ns5:ComputerEquipment2022-09-012023-08-3108667251ns5:LeaseholdImprovements2022-08-3108667251ns5:PlantMachinery2022-08-3108667251ns5:FurnitureFittings2022-08-3108667251ns5:ComputerEquipment2022-08-3108667251ns5:LeaseholdImprovements2023-08-3108667251ns5:PlantMachinery2023-08-3108667251ns5:FurnitureFittings2023-08-3108667251ns5:ComputerEquipment2023-08-3108667251ns5:LeaseholdImprovements2022-08-3108667251ns5:PlantMachinery2022-08-3108667251ns5:FurnitureFittings2022-08-3108667251ns5:ComputerEquipment2022-08-3108667251ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3108667251ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 08667251 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2023

for

School of Rock & Media Limited

School of Rock & Media Limited (Registered number: 08667251)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


School of Rock & Media Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J B Bolton
A Saunders
P D Tate
Mrs M Bolton
Mrs M Saunders





REGISTERED OFFICE: 5 Cater Street
Little Germany
Bradford
West Yorkshire
BD1 5AS





REGISTERED NUMBER: 08667251 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

School of Rock & Media Limited (Registered number: 08667251)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,844 55,456

CURRENT ASSETS
Debtors 5 70,274 54,010
Cash at bank and in hand 459,607 170,625
529,881 224,635
CREDITORS
Amounts falling due within one year 6 85,058 34,495
NET CURRENT ASSETS 444,823 190,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,667

245,596

RESERVES
Income and expenditure account 570,667 245,596
570,667 245,596

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 surplus or deficit 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 28 March 2024 and were signed on its behalf by:




A Saunders - Director



J B Bolton - Director


School of Rock & Media Limited (Registered number: 08667251)

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


1. STATUTORY INFORMATION

School of Rock & Media Limited is a private company, limited by guarantee , 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Musical Equipment & Studio - 25% on reducing balance
Fixtures and equipment - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 25 (2022 - 24 ) .

School of Rock & Media Limited (Registered number: 08667251)

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


4. TANGIBLE FIXED ASSETS
Improvements Musical Fixtures
to Equipment and Computer
property & Studio equipment equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 23,695 40,861 36,783 22,698 124,037
Additions 13,825 3,985 52,418 24,819 95,047
At 31 August 2023 37,520 44,846 89,201 47,517 219,084
DEPRECIATION
At 1 September 2022 2,976 27,261 19,646 18,698 68,581
Charge for year 2,416 4,414 10,235 7,594 24,659
At 31 August 2023 5,392 31,675 29,881 26,292 93,240
NET BOOK VALUE
At 31 August 2023 32,128 13,171 59,320 21,225 125,844
At 31 August 2022 20,719 13,600 17,137 4,000 55,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 31,777 41,125
Other debtors 21,749 2,000
Social Outreach Services Loan 5,000 5,000
Prepayments 11,748 5,885
70,274 54,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Tax 72,323 29,095
Pension control account 2,350 1,556
SORM Limited loan account 6,786 1,392
Accrued expenses 3,599 2,452
85,058 34,495

School of Rock & Media Limited (Registered number: 08667251)

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


7. OTHER FINANCIAL COMMITMENTS

Lease Agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

Land and Buildings20232022
Within one year54,00018,000
Between one and five years54,00018,000
Over five years160,500142,500
268,500178,500
Other operating leases20232022
Within one year11,06711,067
Between one and five years1,84412,911
Over five years00
12,91123,978





8. COMPANY LIMITED BY GUARANTEE

The company has no share capital & is limited by guarantee, the liability of each member is limited to £1.