2023-03-012024-08-312024-08-31false11828588Tigerstripe Music 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Tigerstripe Music Ltd

Registered Number
11828588
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

Tigerstripe Music Ltd
Company Information
for the period from 1 March 2023 to 31 August 2024

Directors

BLYTHE-HUGGET, Cherise
Hugget, Nick

Registered Address

27 Old Fort Road
Shoreham-By-Sea
BN43 5RL

Registered Number

11828588 (England and Wales)
Tigerstripe Music Ltd
Balance Sheet as at
31 August 2024

Notes

31 Aug 2024

28 Feb 2023

£

£

£

£

Fixed assets
Tangible assets337,463-
37,463-
Current assets
Debtors416,69415,740
Cash at bank and on hand88,06979,722
104,76395,462
Creditors amounts falling due within one year5(50,258)(33,581)
Net current assets (liabilities)54,50561,881
Total assets less current liabilities91,96861,881
Net assets91,96861,881
Capital and reserves
Called up share capital42
Profit and loss account91,96461,879
Shareholders' funds91,96861,881
The financial statements were approved and authorised for issue by the Board of Directors on 10 October 2024, and are signed on its behalf by:
Hugget, Nick
Director
Registered Company No. 11828588
Tigerstripe Music Ltd
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
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 and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
Additions42,0673,84145,908
At 31 August 2442,0673,84145,908
Depreciation and impairment
Charge for year8,413328,445
At 31 August 248,413328,445
Net book value
At 31 August 2433,6543,80937,463
At 28 February 23---
4.Debtors: amounts due within one year

2024

2023

££
Other debtors16,69415,740
Total16,69415,740
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.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables50-
Taxation and social security48,2487,621
Other creditors95225,000
Accrued liabilities and deferred income1,008960
Total50,25833,581
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.