Registered number
05783979
SKILBECK MUSIC LIMITED
Filleted Accounts
30 April 2024
SKILBECK MUSIC LIMITED
Registered number: 05783979
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,183 13,577
Investments 4 40,001 -
50,184 13,577
Current assets
Debtors 5 9,778 -
Cash at bank and in hand 214,134 204,903
223,912 204,903
Creditors: amounts falling due within one year 6 (101,572) (34,870)
Net current assets 122,340 170,033
Net assets 172,524 183,610
Capital and reserves
Called up share capital 100 100
Profit and loss account 172,424 183,510
Shareholder's funds 172,524 183,610
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nicholas Skibeck
Director
Approved by the board on 26 October 2024
SKILBECK MUSIC LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services which is recognised by reference to the stage of the completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 36,969
At 30 April 2024 36,969
Depreciation
At 1 May 2023 23,392
Charge for the year 3,394
At 30 April 2024 26,786
Net book value
At 30 April 2024 10,183
At 30 April 2023 13,577
4 Investments
Other
investments
£
Cost
Additions 40,001
At 30 April 2024 40,001
5 Debtors 2024 2023
£ £
Trade debtors 9,778 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 21,500 1,500
Director's Loan Account 71,586 11,247
Taxation and social security costs 8,486 22,123
101,572 34,870
7 Controlling party
The company is owned 100% by director.
8 Other information
SKILBECK MUSIC LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
112 Riverview Gardens
London
SW13 8RA
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