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Company Registration No. 11697268 (England and Wales)
Avi Kraus Music Limited Unaudited accounts for the year ended 30 November 2023
Avi Kraus Music Limited Unaudited accounts Contents
Page
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Avi Kraus Music Limited Company Information for the year ended 30 November 2023
Director
Mr A Kraus
Company Number
11697268 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Avi Kraus Music Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
74,315 
61,326 
Cash at bank and in hand
6,380 
4,237 
80,695 
65,563 
Creditors: amounts falling due within one year
(47,171)
(15,015)
Net current assets
33,524 
50,548 
Total assets less current liabilities
33,524 
50,548 
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net (liabilities)/assets
(16,476)
548 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(16,477)
547 
Shareholders' funds
(16,476)
548 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Mr A Kraus Director Company Registration No. 11697268
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Avi Kraus Music Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Avi Kraus Music Limited is a private company, limited by shares, registered in England and Wales, registration number 11697268. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,426 
1,700 
Other debtors
62,889 
59,626 
74,315 
61,326 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,879 
- 
Trade creditors
1,093 
- 
Taxes and social security
16,299 
13,215 
Other creditors
12,000 
- 
Accruals
900 
1,800 
47,171 
15,015 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,000 
50,000 
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Avi Kraus Music Limited Notes to the Accounts for the year ended 30 November 2023
7
Loans to directors
Included within other debtors is an amount of £25,752 (2022: £22,176) due from a director of the company. Interest was charged on by the company on the outstanding balance. This loan was repaid in August 2024.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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