Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10036374 Edition Capital Directors Ltd Mr Ethan Galloway Mr Stephen Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10036374 2023-03-31 10036374 2024-03-31 10036374 2023-04-01 2024-03-31 10036374 frs-core:CurrentFinancialInstruments 2024-03-31 10036374 frs-core:ComputerEquipment 2024-03-31 10036374 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10036374 frs-core:ComputerEquipment 2023-03-31 10036374 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 10036374 frs-core:OtherResidualIntangibleAssets 2024-03-31 10036374 frs-core:OtherResidualIntangibleAssets 2023-03-31 10036374 frs-core:SharePremium 2024-03-31 10036374 frs-core:ShareCapital 2024-03-31 10036374 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10036374 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10036374 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10036374 frs-bus:SmallEntities 2023-04-01 2024-03-31 10036374 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10036374 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10036374 frs-bus:Director1 2023-04-01 2024-03-31 10036374 frs-bus:Director2 2023-04-01 2024-03-31 10036374 frs-bus:Director3 2023-04-01 2024-03-31 10036374 frs-countries:EnglandWales 2023-04-01 2024-03-31 10036374 2022-03-31 10036374 2023-03-31 10036374 2022-04-01 2023-03-31 10036374 frs-core:CurrentFinancialInstruments 2023-03-31 10036374 frs-core:SharePremium 2023-03-31 10036374 frs-core:ShareCapital 2023-03-31 10036374 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10036374
Triumph Music Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Edition Capital Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10036374
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 477 650
477 650
CURRENT ASSETS
Debtors 6 395 9,275
Cash at bank and in hand 36,494 38,312
36,889 47,587
Creditors: Amounts Falling Due Within One Year 7 (1,756 ) (3,905 )
NET CURRENT ASSETS (LIABILITIES) 35,133 43,682
TOTAL ASSETS LESS CURRENT LIABILITIES 35,610 44,332
NET ASSETS 35,610 44,332
CAPITAL AND RESERVES
Called up share capital 8 10 10
Share premium account 261,246 261,246
Profit and Loss Account (225,646 ) (216,924 )
SHAREHOLDERS' FUNDS 35,610 44,332
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Edition Capital Directors Ltd
Director
03/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Triumph Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10036374 . The registered office is 3rd Floor, 146-148 Clerkenwell Road, London, EC1R 5DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 4 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 14,290
As at 31 March 2024 14,290
Amortisation
As at 1 April 2023 14,290
As at 31 March 2024 14,290
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 2,982
As at 31 March 2024 2,982
Depreciation
As at 1 April 2023 2,332
Provided during the period 173
As at 31 March 2024 2,505
Net Book Value
As at 31 March 2024 477
As at 1 April 2023 650
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 9,000
Prepayments and accrued income 275 275
VAT 120 -
395 9,275
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 619
Other taxes and social security - 301
VAT - 1,274
Unpaid royalties 84 39
Accruals and deferred income 1,672 1,672
1,756 3,905
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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