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MUSIC FOUNTAIN EDUCATION LIMITED

Registered Number
07002973
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MUSIC FOUNTAIN EDUCATION LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

TUCKER, James Christopher

Registered Address

64 Princes Road
Teddington
TW11 0RU

Registered Number

07002973 (England and Wales)
MUSIC FOUNTAIN EDUCATION LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets318559
18559
Current assets
Debtors41,4343,644
Cash at bank and on hand5,7587,260
7,19210,904
Creditors amounts falling due within one year5(5,442)(6,718)
Net current assets (liabilities)1,7504,186
Total assets less current liabilities1,7684,745
Net assets1,7684,745
Capital and reserves
Called up share capital100100
Profit and loss account1,6684,645
Shareholders' funds1,7684,745
The financial statements were approved and authorised for issue by the Director on 7 January 2025, and are signed on its behalf by:
TUCKER, James Christopher
Director
Registered Company No. 07002973
MUSIC FOUNTAIN EDUCATION LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery3
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 April 233,2503,250
At 31 March 243,2503,250
Depreciation and impairment
At 01 April 232,6912,691
Charge for year541541
At 31 March 243,2323,232
Net book value
At 31 March 241818
At 31 March 23559559
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,4343,644
Total1,4343,644
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,1175,051
Other creditors25197
Accrued liabilities and deferred income1,3001,470
Total5,4426,718
6.Related party transactions
During the year, dividends of £20,000 (2023 - £17,000) were paid to Mr J Tucker-Salfield, the director and shareholder of the company. Other debtors includes £1,434 (2023 - £3,644) due from MoZo Music Limited, a company in which Mr J Tucker-Salfield is a director.
7.Controlling party
The controlling party is Mr J Tucker-Salfield.