Company registration number 06354968 (England and Wales)
NERO RECORDS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
NERO RECORDS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
NERO RECORDS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
1,655
855
Creditors: amounts falling due within one year
3
(3,568)
(5,013)
Net current liabilities
(1,913)
(4,158)
Capital and reserves
Called up share capital
4
4
4
Profit and loss reserves
(1,917)
(4,162)
Total equity
(1,913)
(4,158)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 19 September 2024
A Thompson
Director
Company registration number 06354968 (England and Wales)
NERO RECORDS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Nero Records Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts received for royalties throughout the year net of VAT.

 

1.3
Financial instruments

The company only has basic financial instruments.

 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
1,035
1,411
Taxation and social security
705
506
Other creditors
1,828
3,096
3,568
5,013
2023-12-312023-01-01false19 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityA Thompsonfalsefalse063549682023-01-012023-12-31063549682023-12-31063549682022-12-3106354968core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3106354968core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3106354968core:CurrentFinancialInstruments2023-12-3106354968core:CurrentFinancialInstruments2022-12-3106354968core:ShareCapital2023-12-3106354968core:ShareCapital2022-12-3106354968core:RetainedEarningsAccumulatedLosses2023-12-3106354968core:RetainedEarningsAccumulatedLosses2022-12-3106354968bus:Director12023-01-012023-12-31063549682022-01-012022-12-3106354968bus:PrivateLimitedCompanyLtd2023-01-012023-12-3106354968bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106354968bus:FRS1022023-01-012023-12-3106354968bus:AuditExemptWithAccountantsReport2023-01-012023-12-3106354968bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP