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REGISTERED NUMBER: 13671557 (England and Wales)















Music Immersive Ltd

Financial Statements

for the period

1 November 2022 to 30 April 2024






Music Immersive Ltd (Registered number: 13671557)

Contents of the Financial Statements
for the period 1 November 2022 to 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Music Immersive Ltd

Company Information
for the period 1 November 2022 to 30 April 2024







Director: J N J Kybert





Registered office: Unit 10 Tileyard
Tileyard Road
London
N7 9AH





Registered number: 13671557 (England and Wales)

Music Immersive Ltd (Registered number: 13671557)

Balance Sheet
30 April 2024

2024 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 30,057 56,351

Current assets
Debtors 5 55,699 31,161
Cash at bank 177,353 124,451
233,052 155,612
Creditors
Amounts falling due within one year 6 74,984 36,721
Net current assets 158,068 118,891
Total assets less current liabilities 188,125 175,242

Capital and reserves
Called up share capital 100 100
Retained earnings 188,025 175,142
188,125 175,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

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

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:





J N J Kybert - Director


Music Immersive Ltd (Registered number: 13671557)

Notes to the Financial Statements
for the period 1 November 2022 to 30 April 2024


1. Statutory information

Music Immersive Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Studio and Office Equipment - 25% on cost
Computer equipment - 33% on cost

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
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Music Immersive Ltd (Registered number: 13671557)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 30 April 2024


2. Accounting policies - continued

Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going concern
These financial statements have been prepared on a going concern basis.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.

Financial instruments
The Company has chosen to adopt Section 11 of FRS 102 in respect of basic financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due from customers for services that have been provided in the ordinary course of business. Trade receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. Employees and directors

The average number of employees during the period was 1 (2022 - NIL ) .

Music Immersive Ltd (Registered number: 13671557)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 30 April 2024


4. Tangible fixed assets
Studio and
Office Computer
Equipment equipment Totals
£ £ £
Cost
At 1 November 2022 63,898 12,600 76,498
Additions 129 2,578 2,707
At 30 April 2024 64,027 15,178 79,205
Depreciation
At 1 November 2022 15,947 4,200 20,147
Charge for period 23,994 5,007 29,001
At 30 April 2024 39,941 9,207 49,148
Net book value
At 30 April 2024 24,086 5,971 30,057
At 31 October 2022 47,951 8,400 56,351

5. Debtors: amounts falling due within one year
2024 2022
£ £
Trade debtors 53,160 29,990
Other debtors 1,393 -
VAT - 415
Prepayments 1,146 756
55,699 31,161

6. Creditors: amounts falling due within one year
2024 2022
£ £
Trade creditors 16,305 -
Tax 49,954 23,534
VAT 5,648 -
Other creditors 3,030 2,487
Directors' current accounts 47 -
Accruals and deferred income - 10,700
74,984 36,721

7. Ultimate controlling party

The ultimate controlling party is J N J Kybert.