Company Registration No. 09405019 (England and Wales)
Mixtape Madness Limited
Unaudited accounts
for the year ended 31 January 2024
Mixtape Madness Limited
Unaudited accounts
Contents
Mixtape Madness Limited
Company Information
for the year ended 31 January 2024
Directors
Samuel AYIM
Edward Agyemang
Kingsley OKYERE
Company Number
09405019 (England and Wales)
Registered Office
20-22 Wenlock Road
LONDON
N1 7GU
ENGLAND
Mixtape Madness Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
157,986
88,146
Creditors: amounts falling due within one year
(1,384,063)
(468,071)
Net current liabilities
(382,323)
(31,956)
Total assets less current liabilities
(366,625)
(31,956)
Creditors: amounts falling due after more than one year
(97,604)
-
Net liabilities
(464,229)
(31,956)
Called up share capital
100
100
Profit and loss account
(464,329)
(32,056)
Shareholders' funds
(464,229)
(31,956)
For the year ending 31 January 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 23 January 2025 and were signed on its behalf by
Samuel AYIM
Director
Company Registration No. 09405019
Mixtape Madness Limited
Notes to the Accounts
for the year ended 31 January 2024
Mixtape Madness Limited is a private company, limited by shares, registered in England and Wales, registration number 09405019. The registered office is 20-22 Wenlock Road, LONDON, N1 7GU , 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.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Mixtape Madness Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
155,320
347,969
Accrued income and prepayments
500,407
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
129,003
98,598
Trade creditors
1,206,091
281,870
Taxes and social security
33,963
12,562
Other creditors
4,891
4,002
Loans from directors
10,115
31,557
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 18 (2023: 16).