2022-12-01 NI621414 2023-11-30 NI621414 2022-12-01 2023-11-30 NI621414 2022-11-30 NI621414 2021-12-01 2022-11-30 NI621414 uk-core:WithinOneYear 2022-11-30 NI621414 uk-core:WithinOneYear 2023-11-30 NI621414 uk-core:AfterOneYear 2022-11-30 NI621414 uk-core:AfterOneYear 2023-11-30 NI621414 uk-core:ShareCapital 2023-11-30 NI621414 uk-core:ShareCapital 2022-11-30 NI621414 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI621414 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI621414 uk-bus:Director1 2022-12-01 2023-11-30 NI621414 uk-core:CommunicationNetworkEquipment 2022-12-01 2023-11-30 NI621414 uk-core:ComputerEquipment 2022-12-01 2023-11-30 NI621414 uk-core:Goodwill 2022-11-30 NI621414 uk-core:Goodwill 2023-11-30 NI621414 uk-core:Goodwill 2022-12-01 2023-11-30 NI621414 uk-core:CommunicationNetworkEquipment 2022-11-30 NI621414 uk-core:ComputerEquipment 2022-11-30 NI621414 uk-core:ComputerEquipment 2023-11-30 NI621414 uk-core:CommunicationNetworkEquipment 2023-11-30 NI621414 uk-core:WithinOneYear 2023-11-30 NI621414 uk-core:WithinOneYear 2022-11-30 NI621414 uk-core:AfterOneYear uk-core:Secured 2023-11-30 NI621414 uk-core:AfterOneYear uk-core:Secured 2022-11-30 iso4217:GBP xbrli:pure NI621414 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI621414 uk-bus:FRS102 2022-12-01 2023-11-30 NI621414 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 NI621414 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Michael Bradley Music Limited
Registered Number:NI621414
For the year ended 30 November 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 November 2023
Michael Bradley Music Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI621414
As at 30 November 2023
Michael Bradley Music Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
4,000
6,000
2
Property, plant and equipment
1,418
1,668
3
5,418
7,668
Current assets
Trade and other receivables
5,347
5,796
4
20,157
Cash and cash equivalents
20,157
25,953
25,504
Trade and other payables: amounts falling due within one
year
(8,699)
(26,352)
5
16,805
(399)
Net current liabilities
Total assets less current liabilities
5,019
24,473
Trade and other payables: amounts falling due after more
than one year
(7,485)
(4,319)
6
700
Net assets
16,988
Capital and reserves
Called up share capital
1
1
Retained earnings
699
16,987
700
16,988
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael Bradley Director
These financial statements were approved and authorised for issue by the Board on 25 July 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 November 2023
Michael Bradley Music Limited
Notes to the Financial Statements
Statutory Information
Michael Bradley Music Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI621414.
Registered address:
14 Hollywood Grove
Crieve Road
Newry
Down
BT34 1BN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15 Reducing balance
Computer Equipment
15 Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2 of 4
5
For the year ended 30 November 2023
Michael Bradley Music Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2022
10,000
At 30 November 2023
10,000
Amortisation
At 01 December 2022
4,000
2,000
Charge for year
At 30 November 2023
6,000
Net book value
At 30 November 2023
4,000
At 30 November 2022
6,000
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 December 2022
2,898
1,367
1,531
At 30 November 2023
1,531
1,367
2,898
Provision for depreciation and impairment
At 01 December 2022
1,230
379
851
Charge for year
250
148
102
At 30 November 2023
1,480
527
953
At 30 November 2023
Net book value
578
840
1,418
At 30 November 2022
680
988
1,668
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,796
5,347
3 of 4
6
For the year ended 30 November 2023
Michael Bradley Music Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
21,325
3,600
Taxation and social security
2,792
1,938
Other creditors
2,235
3,161
26,352
8,699
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
4,319
7,485
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
4 of 4