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Registered number: 12354719
Un:Hurd Music Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12354719
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 456,869 178,882
Tangible Assets 5 14,635 4,380
471,504 183,262
CURRENT ASSETS
Debtors 6 174,059 95,664
Cash at bank and in hand 300,487 231,394
474,546 327,058
Creditors: Amounts Falling Due Within One Year 7 (99,532 ) (493,009 )
NET CURRENT ASSETS (LIABILITIES) 375,014 (165,951 )
TOTAL ASSETS LESS CURRENT LIABILITIES 846,518 17,311
Creditors: Amounts Falling Due After More Than One Year 8 - (32,119 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (92,356 ) (34,820 )
NET ASSETS/(LIABILITIES) 754,162 (49,628 )
CAPITAL AND RESERVES
Called up share capital 9 17 13
Share premium account 1,654,093 243,497
Profit and Loss Account (899,948 ) (293,138 )
SHAREHOLDERS' FUNDS 754,162 (49,628)
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Alex Brees
Director
10th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Un:Hurd Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12354719 . The registered office is 16 Blackfriars Street, Manchester, M3 5BQ.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are app development costs. Intangible assets are recognised from the development phase if a project if and only if certain specific criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. 
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase if a project if and only if certain specific criteria are met in order to demonstrate the asset will generate future economic benefits and that its cost can be reliably measured. 
2.5. 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 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 8)
13 8
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 192,490
Additions 311,818
As at 31 December 2023 504,308
Amortisation
As at 1 January 2023 13,608
Provided during the period 33,831
As at 31 December 2023 47,439
Net Book Value
As at 31 December 2023 456,869
As at 1 January 2023 178,882
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 516 6,059 6,575
Additions 1,031 13,013 14,044
As at 31 December 2023 1,547 19,072 20,619
Depreciation
As at 1 January 2023 180 2,015 2,195
Provided during the period 294 3,495 3,789
As at 31 December 2023 474 5,510 5,984
Net Book Value
As at 31 December 2023 1,073 13,562 14,635
As at 1 January 2023 336 4,044 4,380
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 34,337 20,853
Prepayments and accrued income 30,762 5,611
Other debtors 3,000 3,000
Corporation tax recoverable assets 101,739 66,062
VAT 4,221 -
Director's loan account - 138
174,059 95,664
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,111 51,025
Bank loans and overdrafts - 31,611
Other taxes and social security 24,606 12,322
VAT - 2,737
Other creditors 52,879 351,969
Accruals and deferred income 1,839 43,345
Director's loan account 4,097 -
99,532 493,009
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 32,119
- 32,119
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 17 13
10. Other Creditors
Included within Other Creditors (Current Liabilities) are payments received in advance of equity instruments being issued totalling £50,000.
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