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REGISTERED NUMBER: 08831344















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Music And Sport Limited

Music And Sport Limited (Registered number: 08831344)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Music And Sport Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S M Percivaldi
E Aghoghogbe





REGISTERED OFFICE: Units 4,5a & 5b Moonraker Point
1 Pocock Street
London
SE1 0FN





REGISTERED NUMBER: 08831344





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

Music And Sport Limited (Registered number: 08831344)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,552 123,372
117,552 123,372

CURRENT ASSETS
Debtors 6 68,715 66,677
Cash at bank 139,872 128,390
208,587 195,067
CREDITORS
Amounts falling due within one year 7 22,091 30,235
NET CURRENT ASSETS 186,496 164,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,048

288,204

CREDITORS
Amounts falling due after more than one
year

8

(315,773

)

(326,764

)

ACCRUALS AND DEFERRED INCOME (114,595 ) (48,640 )
NET LIABILITIES (126,320 ) (87,200 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (126,420 ) (87,300 )
SHAREHOLDERS' FUNDS (126,320 ) (87,200 )

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.

Music And Sport Limited (Registered number: 08831344)

Balance Sheet - continued
31 January 2024


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 31 October 2024 and were signed on its behalf by:





S M Percivaldi - Director


Music And Sport Limited (Registered number: 08831344)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Music And Sport Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets
The Intangible asset relates to an Initial Franchise Fee which was amortised over the life of the franchise agreement of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 15% on cost and in accordance with the property

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.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Music And Sport Limited (Registered number: 08831344)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 19,999
AMORTISATION
At 1 February 2023
and 31 January 2024 19,999
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 213,272
Additions 12,631
At 31 January 2024 225,903
DEPRECIATION
At 1 February 2023 89,900
Charge for year 18,451
At 31 January 2024 108,351
NET BOOK VALUE
At 31 January 2024 117,552
At 31 January 2023 123,372

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 9,123 8,317
Other debtors 9,592 8,360
18,715 16,677

Amounts falling due after more than one year:
Other debtors 50,000 50,000

Aggregate amounts 68,715 66,677

Music And Sport Limited (Registered number: 08831344)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,648 10,000
Trade creditors 10,015 9,127
Taxation and social security 1,113 7,719
Other creditors 315 3,389
22,091 30,235

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,886 24,837
Other creditors 301,887 301,927
315,773 326,764

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors falling due after one year relates to amounts due to Director/Shareholders.