1 September 2022 false No description of principal activity Taxfiler 2024.5 true 11537125business:PrivateLimitedCompanyLtd2022-09-012023-08-31 115371252022-08-31 115371252022-09-012023-08-31 11537125business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 11537125business:FilletedAccounts2022-09-012023-08-31 115371252023-08-31 11537125business:Director12022-09-012023-08-31 11537125business:RegisteredOffice2022-09-012023-08-31 115371252022-08-31 11537125core:WithinOneYear2023-08-31 11537125core:WithinOneYear2022-08-31 11537125core:AfterOneYear2023-08-31 11537125core:AfterOneYear2022-08-31 11537125core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 11537125core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 11537125core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 11537125core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 11537125core:PreviouslyStatedAmount2023-08-31 11537125core:PreviouslyStatedAmount2022-08-31 11537125business:SmallEntities2022-09-012023-08-31 11537125countries:EnglandWales2022-09-012023-08-31 11537125core:PlantMachinery2022-09-012023-08-31 11537125core:ComputerEquipment2022-09-012023-08-31 11537125core:PlantMachinery2022-08-31 11537125core:ComputerEquipment2022-08-31 11537125core:PlantMachinery2023-08-31 11537125core:ComputerEquipment2023-08-31 11537125business:OrdinaryShareClass12022-09-012023-08-31 11537125business:OrdinaryShareClass12021-09-012022-08-31 11537125business:Director112022-09-012023-08-31 11537125business:Director112022-08-31 11537125business:Director112023-08-31 115371252021-09-012022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11537125 (England and Wales)
Music Poster Limited Unaudited accounts for the year ended 31 August 2023
Music Poster Limited Unaudited accounts Contents
Page
- 2 -
Music Poster Limited Company Information for the year ended 31 August 2023
Director
Christopher Lees
Company Number
11537125 (England and Wales)
Registered Office
24 Sydney Street Brighton BN1 4EN England
- 3 -
Music Poster Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
510 
Current assets
Inventories
6,000 
6,366 
Debtors
7,043 
8,644 
Cash at bank and in hand
10,720 
8,953 
23,763 
23,963 
Creditors: amounts falling due within one year
(26,764)
(34,109)
Net current liabilities
(3,001)
(10,146)
Total assets less current liabilities
(3,001)
(9,636)
Creditors: amounts falling due after more than one year
(14,957)
(21,000)
Net liabilities
(17,958)
(30,636)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,058)
(30,736)
Shareholders' funds
(17,958)
(30,636)
For the year ending 31 August 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 28 August 2024 and were signed on its behalf by
Christopher Lees Director Company Registration No. 11537125
- 4 -
Music Poster Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Music Poster Limited is a private company, limited by shares, registered in England and Wales, registration number 11537125. The registered office is 24 Sydney Street, Brighton, BN1 4EN, 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.
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:
Plant & machinery
33.3% on a straight line basis
Computer equipment
33.3% on a straight line basis
Going concern
The director has confirmed that he will continue to give financial support to the company and considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
- 5 -
Music Poster Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
11,478 
375 
11,853 
At 31 August 2023
11,478 
375 
11,853 
Depreciation
At 1 September 2022
10,968 
375 
11,343 
Charge for the year
510 
- 
510 
At 31 August 2023
11,478 
375 
11,853 
Net book value
At 31 August 2023
- 
- 
- 
At 31 August 2022
510 
- 
510 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
8,644 
Other debtors
7,043 
- 
7,043 
8,644 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,200 
- 
Trade creditors
322 
7,177 
Amounts owed to group undertakings and other participating interests
4,898 
4,898 
Taxes and social security
2,587 
3,307 
Other creditors
13,707 
15,800 
Loans from directors
- 
1,877 
Accruals
1,050 
1,050 
26,764 
34,109 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,957 
21,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
Music Poster Limited Notes to the Accounts for the year ended 31 August 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Christopher Lees
Directors Loan account
(1,877)
5,270 
350 
3,043 
(1,877)
5,270 
350 
3,043 
The Director has confirmed that the overdrawn balance of £3,043 will be repaid within 9 months of the Balance Sheet date.
10
Transactions with related parties
At the Balance Sheet date there is an amount owing to to Stick It On Your Wall Limited of £4,898,(2022 £4,898), a Company wholly owned and controlled by Christopher Lees (Director) and which is in the process of liquidation.
11
Average number of employees
During the year the average number of employees was 0 (2022: 1).
- 7 -