Michael Bradley Music Limited |
Registered Number:NI621414 |
For the year ended 30 November 2023
Northern Ireland
Unaudited Financial Statements
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
Michael Bradley Music Limited
Statement of Financial Position
2022
2023
4,000
6,000
2
Property, plant and equipment |
1,418
1,668
3
5,418
7,668
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
1
1
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 |
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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. |
14 Hollywood Grove
Crieve Road
Newry
Down
BT34 1BN
The presentation currency is £ sterling. |
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: |
Computer Equipment
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. |
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For the year ended 30 November 2023
Michael Bradley Music Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
10,000
10,000
4,000
2,000
Charge for year
6,000
4,000
6,000
3. Property, plant and equipment |
2,898
1,367
1,531
1,531
1,367
2,898
Provision for depreciation and impairment |
1,230
379
851
Charge for year
250
148
102
1,480
527
953
578
840
1,418
680
988
1,668
4. Trade and other receivables |
2022
2023
5,796
5,347
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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
21,325
3,600
Taxation and social security |
2,792
1,938
2,235
3,161
26,352
8,699
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
4,319
7,485
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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