Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-301trueNo description of principal activityfalse2023-07-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13099884 2023-06-30 13099884 2023-07-01 2024-06-30 13099884 2022-01-01 2022-12-31 13099884 2024-06-30 13099884 2022-12-31 13099884 c:Director1 2023-07-01 2024-06-30 13099884 d:CurrentFinancialInstruments 2024-06-30 13099884 d:CurrentFinancialInstruments 2022-12-31 13099884 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13099884 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13099884 d:ShareCapital 2024-06-30 13099884 d:ShareCapital 2022-12-31 13099884 d:RetainedEarningsAccumulatedLosses 2024-06-30 13099884 d:RetainedEarningsAccumulatedLosses 2022-12-31 13099884 c:FRS102 2023-07-01 2024-06-30 13099884 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13099884 c:FullAccounts 2023-07-01 2024-06-30 13099884 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13099884 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 13099884









GLENNS MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
GLENNS MUSIC LIMITED
REGISTERED NUMBER: 13099884

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2022
Note
£
£

  

Current assets
  

Stocks
  
30,550
28,529

Debtors: amounts falling due within one year
 4 
4,870
-

Cash at bank and in hand
 5 
71,107
61,636

  
106,527
90,165

Creditors: amounts falling due within one year
 6 
(60,947)
(49,777)

Net current assets
  
 
 
45,580
 
 
40,388

Total assets less current liabilities
  
45,580
40,388

  

Net assets
  
45,580
40,388


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
45,480
40,288

  
45,580
40,388


Page 1

 
GLENNS MUSIC LIMITED
REGISTERED NUMBER: 13099884
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 statement of income and retained earnings 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: 




................................................
D R Brewster
Director

Date: 2 January 2025

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

Page 2

 
GLENNS MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Glenns Music Limited is a private company limited by shares. The company is incorporated in England and Wales and its trading address is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

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 in the United Kingdom.

Page 3

 
GLENNS MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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 and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

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


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 4

 
GLENNS MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Debtors

2024
2022
£
£


Other debtors
4,870
-

4,870
-



5.


Cash and cash equivalents

2024
2022
£
£

Cash at bank and in hand
71,107
61,636

71,107
61,636



6.


Creditors: Amounts falling due within one year

2024
2022
£
£

Trade creditors
-
2,127

Corporation tax
-
1,261

Other taxation and social security
19,949
5,570

Other creditors
39,000
39,000

Accruals and deferred income
1,998
1,819

60,947
49,777


 
Page 5