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REGISTERED NUMBER: 01299086 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BRAND NEW MUSIC LIMITED

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAND NEW MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: M W H Vernon





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 01299086 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,058 4,078
Tangible assets 5 182 214
3,240 4,292

CURRENT ASSETS
Debtors 6 3,741 400
Cash at bank 68,356 61,799
72,097 62,199
CREDITORS
Amounts falling due within one year 7 9,236 10,592
NET CURRENT ASSETS 62,861 51,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,101

55,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,001 55,799
SHAREHOLDERS' FUNDS 66,101 55,899

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

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

The director acknowledges his 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.

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th October 2024 and were signed by:





M W H Vernon - Director


BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Brand New Music Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of goods, excluding value added tax.

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 - 15% on reducing balance

Taxation
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.

Development costs
Development expenditure incurred on specific projects are capitalised as an asset when its future recoverability can be reasonably assured. The expenditure is then amortised so as to match the expenditure with the anticipated income streams from the project.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 21,468
AMORTISATION
At 1st April 2023 17,390
Charge for year 1,020
At 31st March 2024 18,410
NET BOOK VALUE
At 31st March 2024 3,058
At 31st March 2023 4,078

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 12,771
DEPRECIATION
At 1st April 2023 12,557
Charge for year 32
At 31st March 2024 12,589
NET BOOK VALUE
At 31st March 2024 182
At 31st March 2023 214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,741 400

BRAND NEW MUSIC LIMITED (REGISTERED NUMBER: 01299086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,172
Taxation and social security 2,401 833
Other creditors 6,835 7,587
9,236 10,592