REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2024 to 31 October 2024 |
for |
South Coast Jazz Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2024 to 31 October 2024 |
for |
South Coast Jazz Limited |
South Coast Jazz Limited (Registered number: 09394071) |
Contents of the Financial Statements |
for the Period 1 April 2024 to 31 October 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
South Coast Jazz Limited (Registered number: 09394071) |
Balance Sheet |
31 October 2024 |
2024 | 2024 |
Notes | £ | £ | £ | £ |
Fixed assets |
Property, plant and equipment | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors: amounts falling due within one year |
6 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
South Coast Jazz Limited (Registered number: 09394071) |
Balance Sheet - continued |
31 October 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
South Coast Jazz Limited (Registered number: 09394071) |
Notes to the Financial Statements |
for the Period 1 April 2024 to 31 October 2024 |
1. | Statutory information |
South Coast Jazz Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£). |
The period covered by the financial statements is 7 months from 1 April 2024 to 31 October 2024 therefore comparatives are not entirely comparable. The reason for shortening the year end is due to the company ceasing trade. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. |
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings - 20% reducing balance |
Computer equipment - 33% straight line |
South Coast Jazz Limited (Registered number: 09394071) |
Notes to the Financial Statements - continued |
for the Period 1 April 2024 to 31 October 2024 |
2. | Accounting policies - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Property, plant and equipment |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2024 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 October 2024 |
Depreciation |
At 1 April 2024 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 October 2024 |
Net book value |
At 31 October 2024 |
At 31 March 2024 |
5. | Debtors: amounts falling due within one year |
2024 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
South Coast Jazz Limited (Registered number: 09394071) |
Notes to the Financial Statements - continued |
for the Period 1 April 2024 to 31 October 2024 |
6. | Creditors: amounts falling due within one year |
2024 | 2024 |
£ | £ |
Taxation and social security |
Other creditors |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2024 |
value: | £ | £ |
Ordinary | £1 | 10 | 10 |
8. | Directors' advances, credits and guarantees |
During the period, the company advanced a director £2,232 (2024: £0) and he repaid £0 (2024: £0). At the period end, the director owed the company £2,232 (2024: £0). The advances were interest-free, unsecured and repayable on demand. |
9. | Related party disclosures |
Creditors include a balance of £0 (2024: £1,994) owed to the director. |