Registered number
01571024
Amusements Ltd
Filleted Accounts
31 December 2023
Amusements Ltd
Registered number: 01571024
Balance Sheet
as at 31 December 2023
restated
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,295 15,662
Investments 4 80 80
17,375 15,742
Current assets
Debtors 5 1,602,676 1,282,374
Cash at bank and in hand 1,227,367 714,417
2,830,043 1,996,791
Creditors: amounts falling due within one year 6 (484,341) (352,296)
Net current assets 2,345,702 1,644,495
Total assets less current liabilities 2,363,077 1,660,237
Provisions for liabilities (5,181) (4,374)
Net assets 2,357,896 1,655,863
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,357,796 1,655,763
Shareholder's funds 2,357,896 1,655,863
The directors are 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 directors acknowledge their 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.
Mr C M Hughes
Director
Approved by the board on 3 October 2024
Amusements Ltd
Notes to the Accounts
for the year ended 31 December 2023
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).
Prior year adjustment
Further to a review of accrued income, it was identified that revenue had been understated for year to 31 December 2022 by £137,566. A prior year adjustment to correct the error. Opening profit and loss reserves as at 1 January 2023 have been amended by £111,429, resulting in a cumulative impact on the retained earnings as previously stated at 31 December 2022 of £1,544,334.
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.
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 equipment 25% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed, including directors, during the year. 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 82,789
Additions 6,013
At 31 December 2023 88,802
Depreciation
At 1 January 2023 67,127
Charge for the year 4,380
At 31 December 2023 71,507
Net book value
At 31 December 2023 17,295
At 31 December 2022 15,662
4 Investments
Investments in
subsidiary
undertakings Total
£ £
Cost
At 1 January 2023 80 80
At 31 December 2023 80 80
Historical cost
At 1 January 2023 80
At 31 December 2023 80
restated
5 Debtors 2023 2022
£ £
Trade debtors 9,134 1,994
Intercompany account 259,847 239,341
Directors loan account 571,753 406,870
Other debtors 761,942 634,169
1,602,676 1,282,374
restated
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,387 19,535
Taxation and social security costs 441,206 229,673
Other creditors 36,748 103,088
484,341 352,296
7 Loans to directors Amounts Amounts
Description and conditions B/fwd Advanced Repaid C/fwd
£ £ £ £
Mr C M Hughes 406,870 502,300 (337,417) 571,753
The above loan is unsecured, repayable on demand and has benefical loan interest applied at HM Revenue and Customs official rate of interest.
8 Related party transactions
During the year the company made purchases on behalf of Helium Records Limited totalling £19,312 (2022 - £13,578), at the end of the year the balance outstanding was £241,020 (2022 - £221,708). Helium Records Limited is a subsidiary company.

During the year the company made purchases on behalf of Helium Music Publishing Limited totalling £1,194 (2022 - £Nil), at the end of the year the balance outstanding was £18,827 (2022 - £17,633). Helium Music Publishing Limited is a company under common control.

Unless otherwise stated, all transactions with related parties are conducted under normal market conditions.
9 Other information
Amusements Ltd is a private company limited by shares and incorporated in England. Its registered office is:
74 Macrae Road
Pill
Bristol
BS20 0DD
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