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Registered number: 08475469
Solid Music Management Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Halkin Lerman Davis Limited
Beaumont Chancery
44 Southampton Buildings
Holborn
London
WC2A 1AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08475469
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,431 44,291
27,431 44,291
CURRENT ASSETS
Stocks 5 34,902 30,113
Debtors 6 75,529 13,267
Cash at bank and in hand 144,008 207,603
254,439 250,983
Creditors: Amounts Falling Due Within One Year 7 (260,641 ) (361,337 )
NET CURRENT ASSETS (LIABILITIES) (6,202 ) (110,354 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,229 (66,063 )
Creditors: Amounts Falling Due After More Than One Year 8 - (20,089 )
NET ASSETS/(LIABILITIES) 21,229 (86,152 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 21,129 (86,252 )
SHAREHOLDERS' FUNDS 21,229 (86,152)
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For the 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.
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 M E Bluemel
Director
10/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Solid Music Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08475469 . The registered office is First Floor Healthaid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD.
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. Going Concern Disclosure
The directors have a reasonable assumption that the Company will have sufficient resources to enable it to continue to trade for a period of at least twelve months from the approval date of these financial statements.This is reliant on the Company receiving continued support from a director and principal shareholders. It is for this reason that the accounts are prepared on the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to property 15% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 25)
27 25
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4. Tangible Assets
Land & Property
Improvements to property Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 4,886 8,483 54,557 7,615 75,541
Additions - - - 1,181 1,181
As at 30 April 2024 4,886 8,483 54,557 8,796 76,722
Depreciation
As at 1 May 2023 916 3,181 21,259 5,894 31,250
Provided during the period 733 2,121 13,640 1,547 18,041
As at 30 April 2024 1,649 5,302 34,899 7,441 49,291
Net Book Value
As at 30 April 2024 3,237 3,181 19,658 1,355 27,431
As at 1 May 2023 3,970 5,302 33,298 1,721 44,291
5. Stocks
2024 2023
£ £
Stock 34,902 30,113
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,126
Prepayments and accrued income 15,529 11,141
Other debtors 30,000 -
Directors' loan accounts 30,000 -
75,529 13,267
Included within other debtors is a loan to the shareholders of £30,000 which was repaid by 30/10/2024.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 53,412 83,272
Bank loans and overdrafts - 8,897
Corporation tax 4,144 -
Other taxes and social security 3,695 4,923
VAT 33,221 36,897
Net wages 31,385 34,563
...CONTINUED
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Page 5
Other creditors 2,044 82,149
Accruals and deferred income 132,740 70,883
Directors' loan accounts - 39,753
260,641 361,337
Included within other creditors is a balance of £0 (2023 - £53,723) owed to a company under common control. 
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 20,089
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Malcolm Bluemel (39,753 ) 15,000 39,753 - 15,000
Mr Xavier Rousset - 15,000 - - 15,000
As at the balance sheet date, the directors owed the company a balance of £30,000. This loan was repaid by 30/10/2024.
11. Ultimate Controlling Party
There is no ultimate controlling party, as no shareholder has a majority shareholding.
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