Company Registration No. 10750110 (England and Wales)
Outcry Music Limited
Unaudited accounts
for the year ended 31 May 2024
Outcry Music Limited
Unaudited accounts
Contents
Outcry Music Limited
Company Information
for the year ended 31 May 2024
Company Number
10750110 (England and Wales)
Registered Office
57 Ely Street
Stratford-upon-Avon
Warwickshire
CV37 6LN
England
Accountants
FILAN Accountants Ltd
57 Ely Street
Stratford upon Avon
CV37 6LN
Outcry Music Limited
Statement of financial position
as at 31 May 2024
Tangible assets
34,072
26,991
Cash at bank and in hand
6,197
25,316
Creditors: amounts falling due within one year
(207,334)
(193,169)
Net current liabilities
(171,766)
(61,451)
Net liabilities
(137,694)
(34,460)
Called up share capital
1
1
Profit and loss account
(137,695)
(34,461)
Shareholders' funds
(137,694)
(34,460)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 21 January 2025 and were signed on its behalf by
Nathan Duvall
Director
Company Registration No. 10750110
Outcry Music Limited
Notes to the Accounts
for the year ended 31 May 2024
Outcry Music Limited is a private company, limited by shares, registered in England and Wales, registration number 10750110. The registered office is 57 Ely Street, Stratford-upon-Avon, Warwickshire, CV37 6LN, 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the going concern basis. The director has reasonable expectation that the company will continue in operational existence for the foreseeable future due to the continued support of parties related to the director.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RB
Expenditure on research and development is written off in the year in which it is incurred.
Outcry Music Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
34,710
1,925
36,635
At 31 May 2024
53,149
1,925
55,074
At 1 June 2023
8,995
649
9,644
Charge for the year
11,039
319
11,358
At 31 May 2024
20,034
968
21,002
At 31 May 2024
33,115
957
34,072
At 31 May 2023
25,715
1,276
26,991
Amounts falling due within one year
Other debtors
26,849
106,402
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
83,895
137,278
Taxes and social security
28,329
26,849
Other creditors
8,560
26,012
Loans from directors
82,694
-
7
Transactions with related parties
Included in Creditors is £83,895 (2022: £137,278) due to a company under common control.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).