REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 28 MAY 2023 TO 31 MAY 2024 |
FOR |
MBS RELAXING MUSIC VIDEO PRODUCTIONS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 28 MAY 2023 TO 31 MAY 2024 |
FOR |
MBS RELAXING MUSIC VIDEO PRODUCTIONS LTD |
MBS RELAXING MUSIC VIDEO PRODUCTIONS LTD (REGISTERED NUMBER: 14898680) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 28 MAY 2023 TO 31 MAY 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
MBS RELAXING MUSIC VIDEO PRODUCTIONS LTD (REGISTERED NUMBER: 14898680) |
BALANCE SHEET |
31 MAY 2024 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
The financial statements were approved by the director and authorised for issue on |
MBS RELAXING MUSIC VIDEO PRODUCTIONS LTD (REGISTERED NUMBER: 14898680) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 28 MAY 2023 TO 31 MAY 2024 |
1. | Statutory information |
MBS Relaxing Music Video Productions Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 14898680. The registered office and business address is Flat 9 Benellen Towers, 9 Benellen Avenue, Bournemouth, Dorset, BH4 9LT. |
2. | Accounting policies |
Basis of preparing the financial statements |
The company has made a loss during the year and has a deficiency of assets at the year end of £11,090. The company is dependent upon the continued support of its director. The director has confirmed their support of the company over the next 12 months, in order that it can meet its day to day working capital requirements |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the period was |
MBS RELAXING MUSIC VIDEO PRODUCTIONS LTD (REGISTERED NUMBER: 14898680) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 28 MAY 2023 TO 31 MAY 2024 |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
Additions |
At 31 May 2024 |
Depreciation |
Charge for period |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
5. | Creditors: amounts falling due within one year |
£ |
Directors' current accounts | 11,273 |
Accruals and deferred income |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1 |
1 Ordinary share of £1 was allotted and fully paid for |
7. | Ultimate controlling party |
The company is under control of the Director, Mr S Williamson, who owns 100% of the issued share capital of the company. |