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REGISTERED NUMBER: 14996058 (England and Wales)















Unaudited Financial Statements

for the Period 11 July 2023 to 31 July 2024

for

Finale Guitar Limited

Finale Guitar Limited (Registered number: 14996058)






Contents of the Financial Statements
for the Period 11 July 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finale Guitar Limited

Company Information
for the Period 11 July 2023 to 31 July 2024







DIRECTORS: N Farley
B Hague





REGISTERED OFFICE: 627-629 Chesterfield Road
Sheffield
S8 0RX





REGISTERED NUMBER: 14996058 (England and Wales)






Finale Guitar Limited (Registered number: 14996058)

Balance Sheet
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 422

CURRENT ASSETS
Stocks 57,000
Debtors 5 1,387
Prepayments and accrued income 750
Cash at bank and in hand 4,199
63,336
CREDITORS
Amounts falling due within one year 6 55,594
NET CURRENT ASSETS 7,742
TOTAL ASSETS LESS CURRENT LIABILITIES 8,164

CREDITORS
Amounts falling due after more than one
year

7

7,962
NET ASSETS 202

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 102
202

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

Finale Guitar Limited (Registered number: 14996058)

Balance Sheet - continued
31 July 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 28 October 2024 and were signed on its behalf by:





N Farley - Director


Finale Guitar Limited (Registered number: 14996058)

Notes to the Financial Statements
for the Period 11 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

Finale Guitar 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Finale Guitar Limited (Registered number: 14996058)

Notes to the Financial Statements - continued
for the Period 11 July 2023 to 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 450
At 31 July 2024 450
DEPRECIATION
Charge for period 28
At 31 July 2024 28
NET BOOK VALUE
At 31 July 2024 422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 4,604
Taxation and social security 9,585
Other creditors 41,405
55,594

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 7,962