2023-05-012024-04-302024-04-30false04734964QUARTERNOTE PRODUCTIONS 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QUARTERNOTE PRODUCTIONS LTD

Registered Number
04734964
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

QUARTERNOTE PRODUCTIONS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Burden, Jonathan George

Registered Address

Rock Cottage
Melbury Osmond
Dorchester
DT2 0LS

Registered Number

04734964 (England and Wales)
QUARTERNOTE PRODUCTIONS LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3395,767328,927
395,767328,927
Current assets
Debtors424,92625,692
Cash at bank and on hand331,180285,049
356,106310,741
Creditors amounts falling due within one year5(56,095)(38,812)
Net current assets (liabilities)300,011271,929
Total assets less current liabilities695,778600,856
Provisions for liabilities6(1,372)(1,766)
Net assets694,406599,090
Capital and reserves
Called up share capital11
Profit and loss account694,405599,089
Shareholders' funds694,406599,090
The financial statements were approved and authorised for issue by the Director on 24 January 2025, and are signed on its behalf by:
Burden, Jonathan George
Director
Registered Company No. 04734964
QUARTERNOTE PRODUCTIONS LTD
Notes to the Financial Statements
for the year ended 30 April 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
2.Average number of employees

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

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 23322,63219,41743,42610,841396,316
Additions69,491---69,491
At 30 April 24392,12319,41743,42610,841465,807
Depreciation and impairment
At 01 May 233,00015,26841,0258,09667,389
Charge for year5751,0373536862,651
At 30 April 243,57516,30541,3788,78270,040
Net book value
At 30 April 24388,5483,1122,0482,059395,767
At 30 April 23319,6324,1492,4012,745328,927
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables24,92625,207
Other debtors-485
Total24,92625,692
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties449-
Taxation and social security48,25932,425
Other creditors6,2075,287
Accrued liabilities and deferred income1,1801,100
Total56,09538,812
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,3721,766
Total1,3721,766