Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalse2023-04-01falseThe principal activity of the Company continued to be that of choir teaching, singing and performing.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08742367 2023-04-01 2024-03-31 08742367 2022-04-01 2023-03-31 08742367 2024-03-31 08742367 2023-03-31 08742367 c:Director2 2023-04-01 2024-03-31 08742367 d:OfficeEquipment 2023-04-01 2024-03-31 08742367 d:OfficeEquipment 2024-03-31 08742367 d:OfficeEquipment 2023-03-31 08742367 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08742367 d:CurrentFinancialInstruments 2024-03-31 08742367 d:CurrentFinancialInstruments 2023-03-31 08742367 d:Non-currentFinancialInstruments 2024-03-31 08742367 d:Non-currentFinancialInstruments 2023-03-31 08742367 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08742367 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08742367 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08742367 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08742367 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08742367 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08742367 d:ShareCapital 2024-03-31 08742367 d:ShareCapital 2023-03-31 08742367 d:RetainedEarningsAccumulatedLosses 2024-03-31 08742367 d:RetainedEarningsAccumulatedLosses 2023-03-31 08742367 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08742367 c:OrdinaryShareClass1 2024-03-31 08742367 c:OrdinaryShareClass1 2023-03-31 08742367 c:FRS102 2023-04-01 2024-03-31 08742367 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08742367 c:FullAccounts 2023-04-01 2024-03-31 08742367 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08742367 2 2023-04-01 2024-03-31 08742367 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08742367














NEXT STAGE CHOIR LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
NEXT STAGE CHOIR LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
NEXT STAGE CHOIR LIMITED
REGISTERED NUMBER:08742367

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,967
24,408

Current assets
  

Debtors: amounts falling due within one year
 5 
4,044
-

Bank and cash balances
  
82,745
67,109

Current liabilities
  
86,789
67,109

Creditors: amounts falling due within one year
 6 
(84,887)
(65,457)

Net current assets
  
 
 
1,902
 
 
1,652

Total assets less current liabilities
  
23,869
26,060

Creditors: amounts falling due after more than one year
 7 
(23,178)
(25,634)

  

Net assets
  
691
426


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
591
326

  
691
426


Page 1

 
NEXT STAGE CHOIR LIMITED
REGISTERED NUMBER:08742367
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 November 2024.




R J Scott
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NEXT STAGE CHOIR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Next Stage Choir Limited  is a limited Company incorporated in England & Wales with its principal place of business and registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company continued to be that of choir teaching, singing and performing.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of services supplied during the year.
Turnover comprises membership subscription which is recognised on the first day of each month, irrespective of the number of rehearsal or performances.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.



Depreciation is provided on the following basis:

Office equipment
-
10% reducing balance basis

 
2.4

Debtors

Short term debtors are measured at transaction price.

 
2.5

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter
Page 3

 
NEXT STAGE CHOIR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Basic financial instruments (continued)

they are stated at amortised cost using the effective interest method.
 

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
NEXT STAGE CHOIR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
33,288



At 31 March 2024

33,288



Depreciation


At 1 April 2023
8,880


Charge for the year on owned assets
2,441



At 31 March 2024

11,321



Net book value



At 31 March 2024
21,967



At 31 March 2023
24,408


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
4,044
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loan
7,000
7,000

Other creditor
7,599
540

Other taxation and social security
4,179
2,620

Accruals and deferred income
66,109
55,297

84,887
65,457


Page 5

 
NEXT STAGE CHOIR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
23,178
25,634



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loan
7,000
7,000


Amounts falling due 2-5 years

Bank loan
23,178
25,634


30,178
32,634



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £3,909 (2023 - £3,522).

 
Page 6