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REGISTERED NUMBER: 06858714 (England and Wales)




















Financial Statements

for the Year Ended 31 March 2024

for

THE SYNC AGENCY (MUSIC) LIMITED

THE SYNC AGENCY (MUSIC) LIMITED (REGISTERED NUMBER: 06858714)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SYNC AGENCY (MUSIC) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms M T McCormack
D D Dunbar





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 06858714 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

THE SYNC AGENCY (MUSIC) LIMITED (REGISTERED NUMBER: 06858714)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 694 -
694 -

CURRENT ASSETS
Debtors 6 95,876 89,019
Cash at bank 20,208 4,666
116,084 93,685
CREDITORS
Amounts falling due within one year 7 (82,844 ) (75,333 )
NET CURRENT ASSETS 33,240 18,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,934

18,352

CREDITORS
Amounts falling due after more than one
year

8

(16,051

)

(18,019

)
NET ASSETS 17,883 333

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 17,783 233
SHAREHOLDERS' FUNDS 17,883 333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE SYNC AGENCY (MUSIC) LIMITED (REGISTERED NUMBER: 06858714)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





D D Dunbar - Director


THE SYNC AGENCY (MUSIC) LIMITED (REGISTERED NUMBER: 06858714)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Sync Agency (Music) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents the total amount earned by the company for goods supplied and services rendered, excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE SYNC AGENCY (MUSIC) LIMITED (REGISTERED NUMBER: 06858714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 4,200
AMORTISATION
At 1 April 2023
and 31 March 2024 4,200
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 1,840
Additions 1,041
At 31 March 2024 2,881
DEPRECIATION
At 1 April 2023 1,840
Charge for year 347
At 31 March 2024 2,187
NET BOOK VALUE
At 31 March 2024 694
At 31 March 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,308 11,040
Other debtors 76,568 77,979
95,876 89,019

THE SYNC AGENCY (MUSIC) LIMITED (REGISTERED NUMBER: 06858714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 71,098 62,483
Other creditors 11,746 12,850
82,844 75,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,051 18,019

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,051 18,019

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100