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Company Registration No. SC270060 (Scotland)
GLASGOW UNDERGROUND MUSIC LIMITED Unaudited accounts for the year ended 31 March 2024
GLASGOW UNDERGROUND MUSIC LIMITED Unaudited accounts Contents
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GLASGOW UNDERGROUND MUSIC LIMITED Company Information for the year ended 31 March 2024
Director
Kevin McKay
Company Number
SC270060 (Scotland)
Registered Office
25 CASTLEPARK GARDENS FAIRLIE LARGS AYRSHIRE KA29 0BS
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GLASGOW UNDERGROUND MUSIC LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
158,967 
47,841 
Cash at bank and in hand
433,700 
145,960 
592,667 
193,801 
Creditors: amounts falling due within one year
(270,256)
(84,255)
Net current assets
322,411 
109,546 
Total assets less current liabilities
322,411 
109,546 
Creditors: amounts falling due after more than one year
- 
(20,965)
Net assets
322,411 
88,581 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
322,311 
88,481 
Shareholders' funds
322,411 
88,581 
For the year ending 31 March 2024 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 his 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 30 July 2024 and were signed on its behalf by
Kevin McKay Director Company Registration No. SC270060
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GLASGOW UNDERGROUND MUSIC LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GLASGOW UNDERGROUND MUSIC LIMITED is a private company, limited by shares, registered in Scotland, registration number SC270060. The registered office is 25 CASTLEPARK GARDENS, FAIRLIE, LARGS, AYRSHIRE, KA29 0BS.
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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,652 
At 31 March 2024
5,652 
Depreciation
At 1 April 2023
5,652 
At 31 March 2024
5,652 
Net book value
At 31 March 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
158,967 
47,841 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
43,810 
12,815 
Trade creditors
900 
958 
Taxes and social security
97,678 
15,116 
Accruals
127,868 
55,366 
270,256 
84,255 
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GLASGOW UNDERGROUND MUSIC LIMITED Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
19,970 
Loans from directors
- 
995 
- 
20,965 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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