Company Registration No. 08404881 (England and Wales)
THE MOVEMENT LONDON LIMITED
Unaudited accounts
for the year ended 30 June 2024
THE MOVEMENT LONDON LIMITED
Unaudited accounts
Contents
THE MOVEMENT LONDON LIMITED
Company Information
for the year ended 30 June 2024
Directors
J N Gosling
S P L Liversedge
Company Number
08404881 (England and Wales)
Registered Office
Roundhouse
212 Regents Park Road
London
London
NW1 8AW
England
THE MOVEMENT LONDON LIMITED
Statement of financial position
as at 30 June 2024
Creditors: amounts falling due within one year
(7,312)
(6,219)
Net current assets
7,887
7,376
Called up share capital
2
2
Profit and loss account
7,885
7,374
Shareholders' funds
7,887
7,376
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by
J N Gosling
Director
Company Registration No. 08404881
THE MOVEMENT LONDON LIMITED
Notes to the Accounts
for the year ended 30 June 2024
THE MOVEMENT LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08404881. The registered office is Roundhouse, 212 Regents Park Road, London, London, NW1 8AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 Section 1A - Small Entities.
Turnover is recognised at fair value of the consideration received or receivable. Furthermore, revenue is recognised when it is probable that economic benefits will flow to the company and the amount of the revenue can be reliably measured.
Royalty income is recognised on a notified earnings basis. Credit is taken for royalty income, arising from the music publishing, record production and related activities, which has been received or declared by users by the period end. Amounts received in advance are carried forward in creditors until notified as earnings by the licensee.
Royalties payable are charged to the profit and loss account to the extent that amounts are contractually paid or are payable in respect of the year under review. If any royalties payable are considered to be recoverable from future income, these are carried forward in debtors.
Basic financial instruments, whether financial assets or financial liabilities, are recognised at amortised cost using the effective interest method.
Debtors and creditors falling due within one year are recognised at undiscounted transaction price. Debtors are reviewed for impairment at the end of the financial year and any impairments are recognised in the profit and loss account
The financial statements are presented in sterling and this is also the functional currency of the company.
Transactions in currencies (other than the functional currency) are recorded at the rate of exchange ruling at the date of the transaction.
Monetary items denominated in other currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date. All exchange differences arising are dealt with in the profit and loss account.
THE MOVEMENT LONDON LIMITED
Notes to the Accounts
for the year ended 30 June 2024
Deferred tax represents future tax consequences of transactions recognised in the current or past financial years. Deferred tax is recognised in respect of all timing differences except that deferred tax assets are only recognised to the extent that it is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
Amounts falling due within one year
Trade debtors
15,199
13,595
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
120
240
Loans from directors
6,232
5,049
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).