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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
Page
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Spiteri Music Limited Company Information for the year ended 30 November 2023
Director
Ronnie Spiteri
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
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Spiteri Music Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,500 
6,600 
Tangible assets
13,629 
16,034 
19,129 
22,634 
Current assets
Debtors
13,200 
- 
Cash at bank and in hand
26 
(2)
13,226 
(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)
Capital and reserves
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
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Spiteri Music Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
Turnover
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
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.
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Spiteri Music Limited Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
11,000 
At 30 November 2023
11,000 
Amortisation
At 1 December 2022
4,400 
Charge for the year
1,100 
At 30 November 2023
5,500 
Net book value
At 30 November 2023
5,500 
At 30 November 2022
6,600 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
26,499 
At 30 November 2023
26,499 
Depreciation
At 1 December 2022
10,465 
Charge for the year
2,405 
At 30 November 2023
12,870 
Net book value
At 30 November 2023
13,629 
At 30 November 2022
16,034 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,150 
- 
Accrued income and prepayments
1,050 
- 
13,200 
- 
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 
Accruals
1,300 
930 
32,338 
27,851 
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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).
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