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REGISTERED NUMBER: 08686678 (England and Wales)















YOUR SPACE MUSIC LESSONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






YOUR SPACE MUSIC LESSONS LTD (REGISTERED NUMBER: 08686678)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YOUR SPACE MUSIC LESSONS LTD

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: Mrs O E Macleod
Mrs A C Steele





REGISTERED OFFICE: 2 Doctors Bank
Ashley
Market Drayton
TF9 4LE





REGISTERED NUMBER: 08686678 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

YOUR SPACE MUSIC LESSONS LTD (REGISTERED NUMBER: 08686678)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 646 396

CURRENT ASSETS
Debtors 5 206 224
Cash at bank 4,805 3,606
5,011 3,830
CREDITORS
Amounts falling due within one year 6 (124,981 ) (124,551 )
NET CURRENT LIABILITIES (119,970 ) (120,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(119,324

)

(120,325

)

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (119,444 ) (120,445 )
SHAREHOLDERS' FUNDS (119,324 ) (120,325 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 April 2024 and were signed on its behalf by:





Mrs A C Steele - Director


YOUR SPACE MUSIC LESSONS LTD (REGISTERED NUMBER: 08686678)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Your Space Music Lessons Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is recognised on the supply of services to the customer 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.
Plant and machinery etc - 33% on cost and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

YOUR SPACE MUSIC LESSONS LTD (REGISTERED NUMBER: 08686678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 2,277
Additions 528
At 30 September 2023 2,805
DEPRECIATION
At 1 October 2022 1,881
Charge for year 278
At 30 September 2023 2,159
NET BOOK VALUE
At 30 September 2023 646
At 30 September 2022 396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 206 224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 613 583
Taxation and social security - 362
Other creditors 124,368 123,606
124,981 124,551

7. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £97,738 (2022: £97,012) were outstanding at the year end, the amounts are repayable on demand.

Creditors includes a £6,000 loan from Mr T C Shone who is the brother of Mr P W Shone, who is a director of and shareholder in the company.The loans are interest free and are repayable on demand.

Creditors also includes a £20,000 loan from Mrs C Shone who is the wife of Mr P W Shone, who is a director of and shareholder in the company.The loans are interest free and are repayable on demand.

8. GOING CONCERN

The business is dependant on the continuing support of the directors.