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REGISTERED NUMBER: 06072013 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

PRODUCTION MUSIC ONLINE LIMITED

PRODUCTION MUSIC ONLINE LIMITED (REGISTERED NUMBER: 06072013)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRODUCTION MUSIC ONLINE LIMITED

Company Information
for the year ended 31 January 2024







DIRECTORS: P D Wilson
A F Routh





SECRETARY: P D Wilson





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 06072013 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

PRODUCTION MUSIC ONLINE LIMITED (REGISTERED NUMBER: 06072013)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,245 1,422

CURRENT ASSETS
Debtors 5 38,582 38,396
Cash at bank 1,663 12,471
40,245 50,867
CREDITORS
Amounts falling due within one year 6 (43,401 ) (38,715 )
NET CURRENT (LIABILITIES)/ASSETS (3,156 ) 12,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

89

13,574

PROVISIONS FOR LIABILITIES 7 (811 ) (356 )
NET (LIABILITIES)/ASSETS (722 ) 13,218

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (724 ) 13,216
SHAREHOLDERS' FUNDS (722 ) 13,218

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:



A F Routh - Director


PRODUCTION MUSIC ONLINE LIMITED (REGISTERED NUMBER: 06072013)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

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

The presentational 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 the fair value of consideration received or receivable net of VAT and trade discounts for the publishing of music.

Revenue from the sale of services is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PRODUCTION MUSIC ONLINE LIMITED (REGISTERED NUMBER: 06072013)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 2,123
Additions 3,490
At 31 January 2024 5,613
DEPRECIATION
At 1 February 2023 701
Charge for year 1,667
At 31 January 2024 2,368
NET BOOK VALUE
At 31 January 2024 3,245
At 31 January 2023 1,422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,582 38,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 38,446 35,219
Other creditors 4,955 3,496
43,401 38,715

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 811 356

Deferred
tax
£   
Balance at 1 February 2023 356
Accelerated capital allowances 455
Balance at 31 January 2024 811

PRODUCTION MUSIC ONLINE LIMITED (REGISTERED NUMBER: 06072013)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans to key management personnel totalled £29,108 (2023 - £29,093) at the year end. Interest of £639 was charged during the year at rates of 2% and 2.25% per annum (2023 - £582). The loans are repayable on demand.