1 January 2023 false No description of principal activity Taxfiler 2024.5 10954024business:PrivateLimitedCompanyLtd2023-01-012023-12-31 109540242022-12-31 109540242023-01-012023-12-31 10954024business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10954024business:FilletedAccounts2023-01-012023-12-31 109540242023-12-31 10954024business:Director12023-01-012023-12-31 10954024business:RegisteredOffice2023-01-012023-12-31 109540242022-12-31 10954024core:WithinOneYear2023-12-31 10954024core:WithinOneYear2022-12-31 10954024core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10954024core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10954024core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10954024core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10954024core:PreviouslyStatedAmount2023-12-31 10954024core:PreviouslyStatedAmount2022-12-31 10954024business:SmallEntities2023-01-012023-12-31 10954024countries:EnglandWales2023-01-012023-12-31 10954024core:PlantMachinery2023-01-012023-12-31 10954024core:Goodwill2022-12-31 10954024core:Goodwill2023-12-31 10954024core:Goodwill2023-01-012023-12-31 10954024core:PlantMachinery2022-12-31 10954024core:ComputerEquipment2022-12-31 10954024core:ComputerEquipment2023-01-012023-12-31 10954024core:PlantMachinery2023-12-31 10954024core:ComputerEquipment2023-12-31 109540242022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10954024 (England and Wales)
Discassette Music Folders Ltd Unaudited accounts for the year ended 31 December 2023
Discassette Music Folders Ltd Unaudited accounts Contents
Page
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Discassette Music Folders Ltd Company Information for the year ended 31 December 2023
Director
Michael Arthur Anderson-Brown
Company Number
10954024 (England and Wales)
Registered Office
17B HIGH STREET LITTLE PAXTON PE19 6HA UNITED KINGDOM
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Discassette Music Folders Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,500 
7,000 
Tangible assets
5,058 
3,252 
10,558 
10,252 
Current assets
Inventories
4,757 
4,470 
Debtors
630 
4,901 
Cash at bank and in hand
3,609 
3,034 
8,996 
12,405 
Creditors: amounts falling due within one year
(27,646)
(26,806)
Net current liabilities
(18,650)
(14,401)
Total assets less current liabilities
(8,092)
(4,149)
Provisions for liabilities
Deferred tax
(961)
(618)
Net liabilities
(9,053)
(4,767)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(9,054)
(4,768)
Shareholders' funds
(9,053)
(4,767)
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
Michael Arthur Anderson-Brown Director Company Registration No. 10954024
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Discassette Music Folders Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Discassette Music Folders Ltd is a private company, limited by shares, registered in England and Wales, registration number 10954024. The registered office is 17B HIGH STREET, LITTLE PAXTON, PE19 6HA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
15,000 
At 31 December 2023
15,000 
Amortisation
At 1 January 2023
8,000 
Charge for the year
1,500 
At 31 December 2023
9,500 
Net book value
At 31 December 2023
5,500 
At 31 December 2022
7,000 
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Discassette Music Folders Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
7,785 
1,500 
9,285 
Additions
2,698 
- 
2,698 
At 31 December 2023
10,483 
1,500 
11,983 
Depreciation
At 1 January 2023
4,534 
1,499 
6,033 
Charge for the year
892 
- 
892 
At 31 December 2023
5,426 
1,499 
6,925 
Net book value
At 31 December 2023
5,057 
1 
5,058 
At 31 December 2022
3,251 
1 
3,252 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
630 
- 
Other debtors
- 
4,901 
630 
4,901 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,062 
2,845 
Taxes and social security
- 
167 
Loans from directors
24,702 
22,954 
Accruals
882 
840 
27,646 
26,806 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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