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REGISTERED NUMBER: 08640159 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

The Music Business (Dorset) Limited

The Music Business (Dorset) Limited (Registered number: 08640159)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Music Business (Dorset) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A M Place
Mrs L F Place





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 08640159 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

The Music Business (Dorset) Limited (Registered number: 08640159)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,572 180,298
Investments 5 1 11
5,573 180,309

CURRENT ASSETS
Debtors 6 - 9,000
Cash at bank 446,456 89,336
446,456 98,336
CREDITORS
Amounts falling due within one year 7 279,588 89,413
NET CURRENT ASSETS 166,868 8,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,441

189,232

PROVISIONS FOR LIABILITIES - 13,068
NET ASSETS 172,441 176,164

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable retained
earnings 8 - 63,017
Retained earnings 172,341 113,047
SHAREHOLDERS' FUNDS 172,441 176,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The Music Business (Dorset) Limited (Registered number: 08640159)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:




A M Place - Director



Mrs L F Place - Director


The Music Business (Dorset) Limited (Registered number: 08640159)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Music Business (Dorset) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

The Music Business (Dorset) Limited (Registered number: 08640159)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 173,333 58,746 232,079
Disposals (173,333 ) - (173,333 )
At 30 April 2024 - 58,746 58,746
DEPRECIATION
At 1 May 2023 - 51,781 51,781
Charge for year - 1,393 1,393
At 30 April 2024 - 53,174 53,174
NET BOOK VALUE
At 30 April 2024 - 5,572 5,572
At 30 April 2023 173,333 6,965 180,298

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 11
Disposals (10 )
At 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 11

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 9,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 40,706 3,646
Other creditors 238,882 85,767
279,588 89,413

The Music Business (Dorset) Limited (Registered number: 08640159)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RESERVES
Non
distributable
retained
earnings
£   
At 1 May 2023 63,017
Realised profit on property (63,017 )

At 30 April 2024 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.