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REGISTERED NUMBER: 03229865 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

AUTOMATIC SONGS LIMITED

AUTOMATIC SONGS LIMITED (REGISTERED NUMBER: 03229865)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AUTOMATIC SONGS LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTOR: Mr R D Coultart





SECRETARY: Mr R D Coultart





REGISTERED OFFICE: 6 Batford Road
Harpenden
Hertfordshire
AL5 5AX





REGISTERED NUMBER: 03229865 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

AUTOMATIC SONGS LIMITED (REGISTERED NUMBER: 03229865)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,621 -

CURRENT ASSETS
Debtors 2,170 1,050
Cash at bank 1,712 5,401
3,882 6,451
CREDITORS
Amounts falling due within one year 2,225 1,723
NET CURRENT ASSETS 1,657 4,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,278

4,728

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,178 4,628
SHAREHOLDERS' FUNDS 7,278 4,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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.

AUTOMATIC SONGS LIMITED (REGISTERED NUMBER: 03229865)

ABRIDGED BALANCE SHEET - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Mr R D Coultart - Director


AUTOMATIC SONGS LIMITED (REGISTERED NUMBER: 03229865)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Automatic Songs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents gross invoiced sales of goods.

Taxation
Taxation for the year 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Intangible assets
Intangible assets are composed of cryptocurrencies held by the company.

Cryptocurrencies are classified as intangible assets in accordance with FRS 102, Section 18. They are initially recognized at cost, which includes the purchase price and any directly attributable costs.

Cryptocurrencies are subsequently measured using the cost model. Under this model, cryptocurrencies are carried at cost less any accumulated amortization and impairment losses. If there is an active market for the cryptocurrency, the revaluation model may be applied, where the asset is revalued to its fair value at each reporting date, with changes in value recognized in other comprehensive income.

Cryptocurrencies are tested for impairment annually or whenever there is an indication that the asset might be impaired. Any impairment losses are recognized in the profit and loss account.

The company discloses the accounting policies adopted for cryptocurrencies, including the basis of measurement and any significant judgments made in applying these policies. Additionally, the carrying amount of cryptocurrencies and any revaluation or impairment losses recognized during the period are disclosed.

AUTOMATIC SONGS LIMITED (REGISTERED NUMBER: 03229865)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 6,000
Impairments (379 )
At 31 July 2024 5,621
NET BOOK VALUE

At 31 July 2024 5,621

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £638 (2023 : £326) to the director.