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Billericay Music Academy Limited
Registered Number:07396673
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Billericay Music Academy Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07396673
As at 31 March 2024
Billericay Music Academy Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
141
141
3
141
141
Current assets
110
Cash and cash equivalents
110
110
110
Trade and other payables: amounts falling due within one
year
(12,755)
(12,755)
4
(12,645)
(12,645)
Net current liabilities
Total assets less current liabilities
(12,504)
(12,504)
Trade and other payables: amounts falling due after more
than one year
(80,000)
(80,000)
5
(92,504)
Net liabilities
(92,504)
Capital and reserves
Called up share capital
100
100
Retained earnings
(92,604)
(92,604)
(92,504)
(92,504)
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
John Summerton Director
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
Billericay Music Academy Limited
Notes to the Financial Statements
Statutory Information
Billericay Music Academy Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07396673.
Principal place of business:
Unit 4 Basildon Business Centre
Bentalls
Basildon
Essex
SS14 3FT
Registered address:
5
Chigwell Road
London
E18 1LR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
2 of 4
5
For the year ended 31 March 2024
Billericay Music Academy Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
80,000
At 31 March 2024
80,000
Amortisation
At 01 April 2023
80,000
At 31 March 2024
80,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2023
2,792
At 31 March 2024
2,792
Provision for depreciation and impairment
At 01 April 2023
2,651
At 31 March 2024
2,651
At 31 March 2024
Net book value
141
At 31 March 2023
141
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,603
2,603
Trade creditors
1
1
Other creditors
10,151
10,151
12,755
12,755
3 of 4
6
For the year ended 31 March 2024
Billericay Music Academy Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
80,000
80,000
6. Average number of persons employed
During the year the average number of employees was 0
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