Registered number
07610169
Jan Cyrka Music Ltd
Filleted Accounts
30 April 2024
Jan Cyrka Music Ltd
Registered number: 07610169
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 33,333 49,999
Tangible assets 4 2,331 3,126
35,664 53,125
Current assets
Debtors 5 1,100 1,386
Cash at bank and in hand 407,683 441,222
408,783 442,608
Creditors: amounts falling due within one year 6 (36,378) (52,615)
Net current assets 372,405 389,993
Total assets less current liabilities 408,069 443,118
Provisions for liabilities (443) (594)
Net assets 407,626 442,524
Capital and reserves
Called up share capital 1 1
Profit and loss account 407,625 442,523
Shareholder's funds 407,626 442,524
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J J Cyrka
Director
Approved by the board on 20 September 2024
Jan Cyrka Music Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 250,000
At 30 April 2024 250,000
Amortisation
At 1 May 2023 200,001
Provided during the year 16,666
At 30 April 2024 216,667
Net book value
At 30 April 2024 33,333
At 30 April 2023 49,999
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 17,654
Additions 1,015
Disposals (3,789)
At 30 April 2024 14,880
Depreciation
At 1 May 2023 14,528
Charge for the year 1,111
On disposals (3,090)
At 30 April 2024 12,549
Net book value
At 30 April 2024 2,331
At 30 April 2023 3,126
5 Debtors 2024 2023
£ £
Trade debtors 1,100 1,386
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 3,208
Taxation and social security costs 6,173 8,958
Other creditors 30,205 40,449
36,378 52,615
7 Other information
Jan Cyrka Music Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Ella Road
Crouch End
London
N8 9EL
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