Doobedoo Music Limited Filleted Accounts Cover
Doobedoo Music Limited
Company No. 09219391
Information for Filing with The Registrar
31 March 2024
Doobedoo Music Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was management and promotion of musical artists.
Director
The Director who served at any time during the year was as follows:
Michael Pierrepoint
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Michael Pierrepoint
Director
09 January 2025
Doobedoo Music Limited Balance Sheet Registrar
at
31 March 2024
Company No.
09219391
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
2,5883,451
2,5883,451
Current assets
Debtors
5
915688
Cash at bank and in hand
1571,050
1,0721,738
Creditors: Amount falling due within one year
6
(3,105)
(4,093)
Net current liabilities
(2,033)
(2,355)
Total assets less current liabilities
5551,096
Provisions for liabilities
Deferred taxation
(500)
(650)
Net assets
55446
Capital and reserves
Called up share capital
11
Profit and loss account
8
54445
Total equity
55446
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 09 January 2025 and signed on its behalf by:
Michael Pierrepoint
Director
09 January 2025
Doobedoo Music Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Doobedoo Music Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09219391
Its registered office is:
Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.
2
Accounting policies
Turnover
Turnover represents the fair value of the consideration receivable in respect of services provided during the year. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing Balance
Furniture, fittings and equipment
25% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 April 2023
6,1821,4777,659
At 31 March 2024
6,1821,4777,659
Depreciation
At 1 April 2023
3,6575514,208
Charge for the year
631232863
At 31 March 2024
4,2887835,071
Net book values
At 31 March 2024
1,8946942,588
At 31 March 2023
2,525
926
3,451
5
Debtors
2024
2023
£
£
Corporation tax recoverable
911188
Loans to directors
4500
915688
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
271
400
Other creditors
1,6282,466
Accruals and deferred income
1,2061,227
3,1054,093
7
Share Capital
Share Capital consists of 1 Ordinary Share of £1 , which is fully paid.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party transactions
During the year, the following loan to the director subsisted
The details of the loan are as follows:
2024
2023
Balance at 1 April 2023
500
7,502
Amounts advanced
1,165
3,070
Amounts repaid
(1,660)
(10,072)
Balance at 31 March 2024
5
500
The balance is unsecured, free of interest and is repayable upon demand.
The director is also a director of another company.
At 31 March 2024 Doobedoo Music Limited owed £1,628 (2023 £2,466) which is included in creditors falling due within one year.
The balance is unsecured, free of interest and is repayable upon demand.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
1,001
500
1,001
500
Dividends by type:
Equity dividends
1,001500
1,001
500
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