Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08170441 Mr R I Lord Mr M A Toms iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08170441 2022-12-31 08170441 2023-12-31 08170441 2023-01-01 2023-12-31 08170441 frs-core:CurrentFinancialInstruments 2023-12-31 08170441 frs-core:Non-currentFinancialInstruments 2023-12-31 08170441 frs-core:ShareCapital 2023-12-31 08170441 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08170441 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08170441 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08170441 frs-bus:SmallEntities 2023-01-01 2023-12-31 08170441 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08170441 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08170441 frs-bus:Director1 2023-01-01 2023-12-31 08170441 frs-bus:Director2 2023-01-01 2023-12-31 08170441 frs-core:CurrentFinancialInstruments 2 2023-12-31 08170441 frs-core:CurrentFinancialInstruments 3 2023-12-31 08170441 frs-countries:EnglandWales 2023-01-01 2023-12-31 08170441 2021-12-31 08170441 2022-12-31 08170441 2022-01-01 2022-12-31 08170441 frs-core:CurrentFinancialInstruments 2022-12-31 08170441 frs-core:Non-currentFinancialInstruments 2022-12-31 08170441 frs-core:ShareCapital 2022-12-31 08170441 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08170441 frs-core:CurrentFinancialInstruments 2 2022-12-31 08170441 frs-core:CurrentFinancialInstruments 3 2022-12-31
Registered number: 08170441
Instruments4Music Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
CKS Accountancy Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08170441
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 37,711 63,458
Debtors 5 29,934 33,311
Cash at bank and in hand 350 427
67,995 97,196
Creditors: Amounts Falling Due Within One Year 6 (117,002 ) (160,967 )
NET CURRENT ASSETS (LIABILITIES) (49,007 ) (63,771 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,007 ) (63,771 )
Creditors: Amounts Falling Due After More Than One Year 7 (18,333 ) (27,036 )
NET LIABILITIES (67,340 ) (90,807 )
CAPITAL AND RESERVES
Called up share capital 8 180 180
Profit and Loss Account (67,520 ) (90,987 )
SHAREHOLDERS' FUNDS (67,340) (90,807)
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R I Lord
Director
29/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Instruments4Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08170441 . The registered office is Osprey House, Featherby Way, Rochford, Essex, SS4 1LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Stocks
2023 2022
£ £
Stock 37,711 63,458
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,552 8,658
Prepayments and accrued income 17,038 19,194
EBay split month rollovers 727 -
VAT 3,617 5,459
29,934 33,311
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,237 23,034
Bank loans and overdrafts 31,097 25,996
Other loans 8,899 16,651
Credit card 630 366
EBay dispute reserved balances 139 -
Accruals and deferred income 435 435
Directors' loan accounts 38,565 65,485
Amounts owed to other participating interests 29,000 29,000
117,002 160,967
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,333 27,036
18,333 27,036
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 180 180
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