2023-04-012024-03-312024-03-31false03900415TIM GARLAND MUSIC LIMITED2024-10-2259200iso4217:GBPxbrli:pure039004152023-04-01039004152024-03-31039004152023-04-012024-03-31039004152022-04-01039004152023-03-31039004152022-04-012023-03-3103900415bus:SmallEntities2023-04-012024-03-3103900415bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3103900415bus:FullAccounts2023-04-012024-03-3103900415bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103900415core:WithinOneYear2024-03-3103900415core:AfterOneYear2024-03-3103900415core:WithinOneYear2023-03-3103900415core:AfterOneYear2023-03-3103900415core:ShareCapital2024-03-3103900415core:SharePremium2024-03-3103900415core:RevaluationReserve2024-03-3103900415core:OtherReservesSubtotal2024-03-3103900415core:RetainedEarningsAccumulatedLosses2024-03-3103900415core:ShareCapital2023-03-3103900415core:SharePremium2023-03-3103900415core:RevaluationReserve2023-03-3103900415core:OtherReservesSubtotal2023-03-3103900415core:RetainedEarningsAccumulatedLosses2023-03-3103900415core:LandBuildings2024-03-3103900415core:PlantMachinery2024-03-3103900415core:Vehicles2024-03-3103900415core:FurnitureFittings2024-03-3103900415core:OfficeEquipment2024-03-3103900415core:NetGoodwill2024-03-3103900415core:IntangibleAssetsOtherThanGoodwill2024-03-3103900415core:ListedExchangeTraded2024-03-3103900415core:UnlistedNon-exchangeTraded2024-03-3103900415core:LandBuildings2023-03-3103900415core:PlantMachinery2023-03-3103900415core:Vehicles2023-03-3103900415core:FurnitureFittings2023-03-3103900415core:OfficeEquipment2023-03-3103900415core:NetGoodwill2023-03-3103900415core:IntangibleAssetsOtherThanGoodwill2023-03-3103900415core:ListedExchangeTraded2023-03-3103900415core:UnlistedNon-exchangeTraded2023-03-3103900415core:LandBuildings2023-04-012024-03-3103900415core:PlantMachinery2023-04-012024-03-3103900415core:Vehicles2023-04-012024-03-3103900415core:FurnitureFittings2023-04-012024-03-3103900415core:OfficeEquipment2023-04-012024-03-3103900415core:NetGoodwill2023-04-012024-03-3103900415core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103900415core:ListedExchangeTraded2023-04-012024-03-3103900415core:UnlistedNon-exchangeTraded2023-04-012024-03-3103900415core:MoreThanFiveYears2023-04-012024-03-3103900415core:Non-currentFinancialInstruments2024-03-3103900415core:Non-currentFinancialInstruments2023-03-3103900415dpl:CostSales2023-04-012024-03-3103900415dpl:DistributionCosts2023-04-012024-03-3103900415core:LandBuildings2023-04-012024-03-3103900415core:PlantMachinery2023-04-012024-03-3103900415core:Vehicles2023-04-012024-03-3103900415core:FurnitureFittings2023-04-012024-03-3103900415core:OfficeEquipment2023-04-012024-03-3103900415dpl:AdministrativeExpenses2023-04-012024-03-3103900415core:NetGoodwill2023-04-012024-03-3103900415core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103900415dpl:GroupUndertakings2023-04-012024-03-3103900415dpl:ParticipatingInterests2023-04-012024-03-3103900415dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3103900415core:ListedExchangeTraded2023-04-012024-03-3103900415dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3103900415core:UnlistedNon-exchangeTraded2023-04-012024-03-3103900415dpl:CostSales2022-04-012023-03-3103900415dpl:DistributionCosts2022-04-012023-03-3103900415core:LandBuildings2022-04-012023-03-3103900415core:PlantMachinery2022-04-012023-03-3103900415core:Vehicles2022-04-012023-03-3103900415core:FurnitureFittings2022-04-012023-03-3103900415core:OfficeEquipment2022-04-012023-03-3103900415dpl:AdministrativeExpenses2022-04-012023-03-3103900415core:NetGoodwill2022-04-012023-03-3103900415core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103900415dpl:GroupUndertakings2022-04-012023-03-3103900415dpl:ParticipatingInterests2022-04-012023-03-3103900415dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103900415core:ListedExchangeTraded2022-04-012023-03-3103900415dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103900415core:UnlistedNon-exchangeTraded2022-04-012023-03-3103900415core:NetGoodwill2024-03-3103900415core:IntangibleAssetsOtherThanGoodwill2024-03-3103900415core:LandBuildings2024-03-3103900415core:PlantMachinery2024-03-3103900415core:Vehicles2024-03-3103900415core:FurnitureFittings2024-03-3103900415core:OfficeEquipment2024-03-3103900415core:AfterOneYear2024-03-3103900415core:WithinOneYear2024-03-3103900415core:ListedExchangeTraded2024-03-3103900415core:UnlistedNon-exchangeTraded2024-03-3103900415core:ShareCapital2024-03-3103900415core:SharePremium2024-03-3103900415core:RevaluationReserve2024-03-3103900415core:OtherReservesSubtotal2024-03-3103900415core:RetainedEarningsAccumulatedLosses2024-03-3103900415core:NetGoodwill2023-03-3103900415core:IntangibleAssetsOtherThanGoodwill2023-03-3103900415core:LandBuildings2023-03-3103900415core:PlantMachinery2023-03-3103900415core:Vehicles2023-03-3103900415core:FurnitureFittings2023-03-3103900415core:OfficeEquipment2023-03-3103900415core:AfterOneYear2023-03-3103900415core:WithinOneYear2023-03-3103900415core:ListedExchangeTraded2023-03-3103900415core:UnlistedNon-exchangeTraded2023-03-3103900415core:ShareCapital2023-03-3103900415core:SharePremium2023-03-3103900415core:RevaluationReserve2023-03-3103900415core:OtherReservesSubtotal2023-03-3103900415core:RetainedEarningsAccumulatedLosses2023-03-3103900415core:NetGoodwill2022-04-0103900415core:IntangibleAssetsOtherThanGoodwill2022-04-0103900415core:LandBuildings2022-04-0103900415core:PlantMachinery2022-04-0103900415core:Vehicles2022-04-0103900415core:FurnitureFittings2022-04-0103900415core:OfficeEquipment2022-04-0103900415core:AfterOneYear2022-04-0103900415core:WithinOneYear2022-04-0103900415core:ListedExchangeTraded2022-04-0103900415core:UnlistedNon-exchangeTraded2022-04-0103900415core:ShareCapital2022-04-0103900415core:SharePremium2022-04-0103900415core:RevaluationReserve2022-04-0103900415core:OtherReservesSubtotal2022-04-0103900415core:RetainedEarningsAccumulatedLosses2022-04-0103900415core:AfterOneYear2023-04-012024-03-3103900415core:WithinOneYear2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3103900415core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3103900415core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3103900415core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3103900415core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3103900415core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3103900415bus:Director12023-04-012024-03-3103900415bus:Director22023-04-012024-03-31

TIM GARLAND MUSIC LIMITED

Registered Number
03900415
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TIM GARLAND MUSIC LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

T GARLAND
A P GARLAND

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

03900415 (England and Wales)
TIM GARLAND MUSIC LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets331,21538,093
31,21538,093
Current assets
Debtors4-1,403
Cash at bank and on hand74,31568,327
74,31569,730
Creditors amounts falling due within one year5(72,278)(63,610)
Net current assets (liabilities)2,0376,120
Total assets less current liabilities33,25244,213
Net assets33,25244,213
Capital and reserves
Called up share capital100100
Profit and loss account33,15244,113
Shareholders' funds33,25244,213
The financial statements were approved and authorised for issue by the Board of Directors on 22 October 2024, and are signed on its behalf by:
T GARLAND
Director
Registered Company No. 03900415
TIM GARLAND MUSIC LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 April 23126,504126,504
Additions2,7892,789
At 31 March 24129,293129,293
Depreciation and impairment
At 01 April 2388,41188,411
Charge for year9,6679,667
At 31 March 2498,07898,078
Net book value
At 31 March 2431,21531,215
At 31 March 2338,09338,093
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-1,403
Total-1,403
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security70,13057,578
Other creditors1484,032
Accrued liabilities and deferred income2,0002,000
Total72,27863,610