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Registered number: 08969357
Earth Music Agency Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08969357
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,464 7,867
10,464 7,867
CURRENT ASSETS
Debtors 5 74,520 57,908
Cash at bank and in hand 217,326 341,970
291,846 399,878
Creditors: Amounts Falling Due Within One Year 6 (111,252 ) (109,229 )
NET CURRENT ASSETS (LIABILITIES) 180,594 290,649
TOTAL ASSETS LESS CURRENT LIABILITIES 191,058 298,516
Creditors: Amounts Falling Due After More Than One Year 7 (75,000 ) (105,000 )
NET ASSETS 116,058 193,516
CAPITAL AND RESERVES
Called up share capital 8 100 95
Profit and Loss Account 115,958 193,421
SHAREHOLDERS' FUNDS 116,058 193,516
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Luke Williamson
Director
13th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Earth Music Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08969357 . The registered office is 90 Kennington Lane, London, SE11 4XD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33.33% - Straight line
Computer Equipment 33.33% - Straight line
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2022: 17)
15 17
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 7,257 43,810 51,067
Additions - 9,602 9,602
Disposals - (33,963 ) (33,963 )
As at 31 December 2023 7,257 19,449 26,706
Depreciation
As at 1 January 2023 6,809 36,391 43,200
Provided during the period 169 5,564 5,733
Disposals - (32,691 ) (32,691 )
As at 31 December 2023 6,978 9,264 16,242
Net Book Value
As at 31 December 2023 279 10,185 10,464
As at 1 January 2023 448 7,419 7,867
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 74,520 57,908
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 33,950 16,419
Bank loans and overdrafts 30,000 30,000
Other creditors 7,691 13,709
Taxation and social security 39,611 49,101
111,252 109,229
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 75,000 105,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 95
9. Related Party Transactions
During the year dividends of £3,310 (2022 - £0) were paid to the director. 
10. Controlling Party
The company has no ultimate controlling party.
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