Company Registration No. 11083863 (England and Wales)
Spiteri Music Limited
Unaudited accounts
for the year ended 30 November 2023
Spiteri Music Limited
Unaudited accounts
Contents
Spiteri Music Limited
Company Information
for the year ended 30 November 2023
Company Number
11083863 (England and Wales)
Registered Office
19 Coniston Road
Southampton
SO16 9BU
England
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
Spiteri Music Limited
Statement of financial position
as at 30 November 2023
Intangible assets
5,500
6,600
Tangible assets
13,629
16,034
Cash at bank and in hand
26
(2)
Creditors: amounts falling due within one year
(32,338)
(27,851)
Net current liabilities
(19,112)
(27,853)
Net assets/(liabilities)
17
(5,219)
Called up share capital
1
1
Profit and loss account
16
(5,220)
Shareholders' funds
17
(5,219)
For the year ending 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 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 29 July 2024 and were signed on its behalf by
Ronnie Spiteri
Director
Company Registration No. 11083863
Spiteri Music Limited
Notes to the Accounts
for the year ended 30 November 2023
Spiteri Music Limited is a private company, limited by shares, registered in England and Wales, registration number 11083863. The registered office is 19 Coniston Road, , Southampton, SO16 9BU, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance Method
Intangible fixed assets (including goodwill and patents) are included at cost less accumulated amortisation.
Intangibles are amortised over their usefull life of 10 years on a straight line basis.
Spiteri Music Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
At 30 November 2023
11,000
5
Tangible fixed assets
Computer equipment
At 30 November 2023
26,499
At 30 November 2023
12,870
At 30 November 2023
13,629
At 30 November 2022
16,034
Amounts falling due within one year
Accrued income and prepayments
1,050
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,298
20,183
Taxes and social security
5,756
1,441
Loans from directors
4,984
5,297
Spiteri Music Limited
Notes to the Accounts
for the year ended 30 November 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).