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COMPANY REGISTRATION NUMBER: 07990237
Outsiders Recorded Music Limited
Filleted Unaudited Financial Statements
31 December 2023
Outsiders Recorded Music Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Outsiders Recorded Music Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
247,596
248,567
Cash at bank and in hand
36,660
32,844
---------
---------
284,256
281,411
Creditors: amounts falling due within one year
5
( 85,794)
( 86,754)
---------
---------
Net current assets
198,462
194,657
---------
---------
Total assets less current liabilities
198,462
194,657
---------
---------
Net assets
198,462
194,657
---------
---------
Outsiders Recorded Music Limited
Balance Sheet (continued)
31 December 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
198,362
194,557
---------
---------
Shareholders funds
198,462
194,657
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 June 2024 , and are signed on behalf of the board by:
Mrs A Cameron
Director
Company registration number: 07990237
Outsiders Recorded Music Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
4. Debtors
2023
2022
£
£
Other debtors
247,596
248,567
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
893
1,329
Other creditors
84,901
85,425
--------
--------
85,794
86,754
--------
--------
6. Related party transactions
Other debtors includes the balance of £243,654 (2022: £243,667) due from a limited company that the director controls as the majority shareholder.