2023-03-01 04164153 2024-02-28 04164153 2023-03-01 2024-02-28 04164153 2023-02-28 04164153 2022-03-01 2023-02-28 04164153 uk-core:WithinOneYear 2023-02-28 04164153 uk-core:WithinOneYear 2024-02-28 04164153 uk-core:ShareCapital 2024-02-28 04164153 uk-core:ShareCapital 2023-02-28 04164153 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 04164153 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 04164153 uk-bus:Director1 2023-03-01 2024-02-28 04164153 uk-bus:Director2 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure 04164153 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 04164153 uk-bus:FRS102 2023-03-01 2024-02-28 04164153 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 04164153 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
MUSICAL TALES LTD
Registered Number:04164153
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
MUSICAL TALES LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04164153
As at 28 February 2024
MUSICAL TALES LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
5,499
7,000
2
5,499
7,000
Current assets
Inventories
609
609
3
Trade and other receivables
2,044
2,044
4
2,571
Cash and cash equivalents
2,571
5,224
5,224
Trade and other payables: amounts falling due within one
year
-
1
5
5,224
5,225
Net current assets
Total assets less current liabilities
10,724
12,224
10,724
Net assets
12,224
Capital and reserves
Called up share capital
100
100
Retained earnings
10,624
12,124
10,724
12,224
Shareholders' funds
For the year ended 28 February 2024 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P HUDSON Director
GEORGE HUDSON Director
These financial statements were approved and authorised for issue by the Board on 20 October 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2024
MUSICAL TALES LTD
Notes to the Financial Statements
Statutory Information
MUSICAL TALES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04164153.
Registered address:
14 FULLERS FIELD
SWAN LANE
WESTERFIELD
IPSWICH
IP6 9AX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
2. Property, plant and equipment
Motor vehicles
£
Cost or
valuation
At 01 March 2023
10,043
At 28 February 2024
10,043
Provision for depreciation and impairment
At 01 March 2023
3,043
Charge for year
1,501
At 28 February 2024
4,544
At 28 February 2024
Net book value
5,499
At 28 February 2023
7,000
2 of 3
5
For the year ended 28 February 2024
MUSICAL TALES LTD
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
609
609
4. Trade and other receivables
2023
2024
£
£
Other debtors
2,044
2,044
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
(1)
-
6. Average number of persons employed
During the year the average number of employees was 0
3 of 3