Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr Derek Dick 02/11/1988 27 November 2024 The principle activity of the company during the financial year continued to be that of music publishing. 02307291 2024-04-30 02307291 bus:Director1 2024-04-30 02307291 core:CurrentFinancialInstruments 2024-04-30 02307291 core:CurrentFinancialInstruments 2023-04-30 02307291 2023-04-30 02307291 core:ShareCapital 2024-04-30 02307291 core:ShareCapital 2023-04-30 02307291 core:RetainedEarningsAccumulatedLosses 2024-04-30 02307291 core:RetainedEarningsAccumulatedLosses 2023-04-30 02307291 bus:OrdinaryShareClass1 2024-04-30 02307291 2023-05-01 2024-04-30 02307291 bus:FilletedAccounts 2023-05-01 2024-04-30 02307291 bus:SmallEntities 2023-05-01 2024-04-30 02307291 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02307291 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02307291 bus:Director1 2023-05-01 2024-04-30 02307291 2022-05-01 2023-04-30 02307291 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 02307291 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02307291 (England and Wales)

FISHY MUSIC LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

FISHY MUSIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

FISHY MUSIC LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
FISHY MUSIC LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Current assets
Debtors 3 1,672 1,672
Cash at bank and in hand 35,819 44,905
37,491 46,577
Creditors: amounts falling due within one year 4 ( 12,413) ( 22,971)
Net current assets 25,078 23,606
Total assets less current liabilities 25,078 23,606
Net assets 25,078 23,606
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account 25,076 23,604
Total shareholders' funds 25,078 23,606

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Fishy Music Limited (registered number: 02307291) were approved and authorised for issue by the Director on 27 November 2024. They were signed on its behalf by:

Mr Derek Dick
Director
FISHY MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
FISHY MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fishy Music Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Johnston Carmichael Llp Birchin Court, 20 Birchin Lane, London, EC3V 9DU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Other debtors 1,672 1,672

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 554 972
Other creditors 11,859 21,999
12,413 22,971

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 0.01 each 2 2