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 08918012 Mr Laurie Vincent Mr Isaac Holman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08918012 2023-03-31 08918012 2024-03-31 08918012 2023-04-01 2024-03-31 08918012 frs-core:CurrentFinancialInstruments 2024-03-31 08918012 frs-core:ShareCapital 2024-03-31 08918012 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08918012 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08918012 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08918012 frs-bus:SmallEntities 2023-04-01 2024-03-31 08918012 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08918012 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08918012 frs-bus:Director1 2023-04-01 2024-03-31 08918012 frs-bus:Director2 2023-04-01 2024-03-31 08918012 frs-countries:EnglandWales 2023-04-01 2024-03-31 08918012 2022-03-31 08918012 2023-03-31 08918012 2022-04-01 2023-03-31 08918012 frs-core:CurrentFinancialInstruments 2023-03-31 08918012 frs-core:ShareCapital 2023-03-31 08918012 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08918012
LVIH Music Limited
Financial Statements
For The Year Ended 31 March 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08918012
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 86,566 86,798
Cash at bank and in hand 8,244 8,316
94,810 95,114
Creditors: Amounts Falling Due Within One Year 5 (26,674 ) (24,764 )
NET CURRENT ASSETS (LIABILITIES) 68,136 70,350
TOTAL ASSETS LESS CURRENT LIABILITIES 68,136 70,350
NET ASSETS 68,136 70,350
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 68,036 70,250
SHAREHOLDERS' FUNDS 68,136 70,350
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
Mr Laurie Vincent
Director
Mr Isaac Holman
Director
23/12/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LVIH Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08918012 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
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, and net of discounts. 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.

2.3. Financial Instruments
The company has only basic financial instruments.

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.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 86,566 86,658
Corporation tax recoverable assets - 140
86,566 86,798
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 90
Other creditors 8,154 8,154
Directors' loan accounts 18,520 16,520
26,674 24,764
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3