Company registration number 08390186 (England and Wales)
PRO MUSIC TUITION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
PRO MUSIC TUITION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PRO MUSIC TUITION LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,977
14,141
Current assets
Cash at bank and in hand
52,367
73,562
Creditors: amounts falling due within one year
4
(38,810)
(36,549)
Net current assets
13,557
37,013
Total assets less current liabilities
30,534
51,154
Creditors: amounts falling due after more than one year
5
(11,493)
(17,457)
Provisions for liabilities
(4,244)
(2,687)
Net assets
14,797
31,010
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
14,795
31,008
Total equity
14,797
31,010

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PRO MUSIC TUITION LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2024
28 February 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Shelley Franklin
Director
Company Registration No. 08390186
PRO MUSIC TUITION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

Pro Music Tuition Limited is a private company limited by shares incorporated in England and Wales. The registered office is Clow Business Park, 44b Garratts Lane, Cradley Heath, West Midlands, B65 5RG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% reducing balance
Fixtures and fittings
33% reducing balance
Computers
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PRO MUSIC TUITION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023
34,501
Additions
11,327
At 28 February 2024
45,828
Depreciation and impairment
At 1 March 2023
20,360
Depreciation charged in the year
8,491
At 28 February 2024
28,851
Carrying amount
At 28 February 2024
16,977
At 28 February 2023
14,141
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,964
5,964
Corporation tax
30,006
20,193
Other taxation and social security
428
83
Other creditors
2,412
10,309
38,810
36,549
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
11,493
17,457
PRO MUSIC TUITION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 5 -
6
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
71,346
96,526
2024-02-282023-03-01false30 October 2024CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr T FranklinMrs S Franklin083901862023-03-012024-02-28083901862024-02-28083901862023-02-2808390186core:OtherPropertyPlantEquipment2024-02-2808390186core:OtherPropertyPlantEquipment2023-02-2808390186core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2808390186core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2808390186core:Non-currentFinancialInstrumentscore:AfterOneYear2024-02-2808390186core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2808390186core:CurrentFinancialInstruments2024-02-2808390186core:CurrentFinancialInstruments2023-02-2808390186core:ShareCapital2024-02-2808390186core:ShareCapital2023-02-2808390186core:RetainedEarningsAccumulatedLosses2024-02-2808390186core:RetainedEarningsAccumulatedLosses2023-02-2808390186bus:Director22023-03-012024-02-2808390186core:PlantMachinery2023-03-012024-02-2808390186core:FurnitureFittings2023-03-012024-02-2808390186core:ComputerEquipment2023-03-012024-02-28083901862022-03-012023-02-2808390186core:OtherPropertyPlantEquipment2023-02-2808390186core:OtherPropertyPlantEquipment2023-03-012024-02-2808390186core:Non-currentFinancialInstruments2024-02-2808390186core:Non-currentFinancialInstruments2023-02-2808390186bus:PrivateLimitedCompanyLtd2023-03-012024-02-2808390186bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2808390186bus:FRS1022023-03-012024-02-2808390186bus:AuditExemptWithAccountantsReport2023-03-012024-02-2808390186bus:Director12023-03-012024-02-2808390186bus:FullAccounts2023-03-012024-02-28xbrli:purexbrli:sharesiso4217:GBP