Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122true2023-02-01falsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04351808 2023-02-01 2024-01-31 04351808 2022-02-01 2023-01-31 04351808 2024-01-31 04351808 2023-01-31 04351808 c:Director1 2023-02-01 2024-01-31 04351808 c:Director2 2023-02-01 2024-01-31 04351808 d:CurrentFinancialInstruments 2024-01-31 04351808 d:CurrentFinancialInstruments 2023-01-31 04351808 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04351808 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04351808 d:ShareCapital 2024-01-31 04351808 d:ShareCapital 2023-01-31 04351808 d:RetainedEarningsAccumulatedLosses 2024-01-31 04351808 d:RetainedEarningsAccumulatedLosses 2023-01-31 04351808 c:OrdinaryShareClass1 2023-02-01 2024-01-31 04351808 c:OrdinaryShareClass1 2024-01-31 04351808 c:OrdinaryShareClass1 2023-01-31 04351808 c:FRS102 2023-02-01 2024-01-31 04351808 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04351808 c:FullAccounts 2023-02-01 2024-01-31 04351808 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04351808 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04351808














ORBITAL MUSIC LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
ORBITAL MUSIC LIMITED
REGISTERED NUMBER:04351808

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,730
11,754

Cash at bank
 5 
27,970
18,961

  
35,700
30,715

Creditors: amounts falling due within one year
 6 
(23,186)
(18,428)

Net current assets
  
 
 
12,514
 
 
12,287

Total assets less current liabilities
  
12,514
12,287

  

Net assets
  
12,514
12,287


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
12,414
12,187

  
12,514
12,287


Page 1

 
ORBITAL MUSIC LIMITED
REGISTERED NUMBER:04351808
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 profit and loss account 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 by: 




Paul Hartnoll
Phillip Hartnoll
Director
Director


Date: 29 November 2024
Date:29 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ORBITAL MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Orbital Music Limited is a private company, limited by shares, registered in England and Wales, registration number 04351808. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of music production and publishing. 

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover from music production and publishing activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Royalties receivable are recognised at the year end date by the company.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method.

 
2.5

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 3

 
ORBITAL MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, other creditors and loans with related parties.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Other debtors
4,274
4,276

Accrued income
3,456
7,478

7,730
11,754



5.


Cash

2024
2023
£
£

Cash at bank
27,970
18,961



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
3,204
4,075

Other creditors
6,982
4,503

Accruals
13,000
9,850

23,186
18,428


Page 4

 
ORBITAL MUSIC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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

 

8.


Transactions with directors

At the year end, the directors owed £3,195 (2023 - £3,195) to the company. The loan is unsecured, interest free and repayable on demand.

 
Page 5