Company Registration No. 11118609 (England and Wales)
DD MUSIC GROUP LTD
Unaudited accounts
for the year ended 31 December 2023
DD MUSIC GROUP LTD
Unaudited accounts
Contents
DD MUSIC GROUP LTD
Company Information
for the year ended 31 December 2023
Directors
Samuel STODDARD
Shaun STODDARD
Company Number
11118609 (England and Wales)
Registered Office
7 Mauldeth Road
Stockport
Greater Manchester
SK4 3NW
Accountants
Parallax Consultancy Limited
Heathfield, 7 Mauldeth Road,
Heaton Moor
Stockport
Greater Manchester
SK4 3NW
DD MUSIC GROUP LTD
Statement of financial position
as at 31 December 2023
Tangible assets
66,915
58,401
Cash at bank and in hand
21,807
15,956
Creditors: amounts falling due within one year
(79,718)
(68,246)
Net current liabilities
(54,877)
(39,189)
Total assets less current liabilities
12,038
19,212
Creditors: amounts falling due after more than one year
(6,074)
(8,672)
Called up share capital
101
1
Profit and loss account
5,863
10,539
Shareholders' funds
5,964
10,540
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by
Shaun STODDARD
Director
Company Registration No. 11118609
DD MUSIC GROUP LTD
Notes to the Accounts
for the year ended 31 December 2023
DD MUSIC GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11118609. The registered office is 7 Mauldeth Road, Stockport, Greater Manchester, SK4 3NW.
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.
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:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
9,650
1,100
89,554
100,304
Additions
-
-
25,244
25,244
At 31 December 2023
9,650
1,100
114,798
125,548
At 1 January 2023
3,442
537
37,924
41,903
Charge for the year
1,242
113
15,375
16,730
At 31 December 2023
4,684
650
53,299
58,633
At 31 December 2023
4,966
450
61,499
66,915
At 31 December 2022
6,208
563
51,630
58,401
Amounts falling due after more than one year
Trade debtors
3,034
13,101
DD MUSIC GROUP LTD
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
1,618
Loans from directors
74,520
65,594
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).