2023-05-012024-04-302024-04-30false04357646THE CLASSICAL MUSIC COMPANY 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THE CLASSICAL MUSIC COMPANY LIMITED

Registered Number
04357646
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

THE CLASSICAL MUSIC COMPANY LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

Barry Gower
Peter Medhurst

Company Secretary

Peter Medhurst

Registered Address

Unit 3 Upp Hall Farm Salmons Lane
Coggeshall
Colchester
CO6 1RY

Registered Number

04357646 (England and Wales)
THE CLASSICAL MUSIC COMPANY LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,6767,013
4,6767,013
Current assets
Debtors4-9,640
Cash at bank and on hand69,02265,381
69,02275,021
Creditors amounts falling due within one year5(24,006)(19,639)
Net current assets (liabilities)45,01655,382
Total assets less current liabilities49,69262,395
Net assets49,69262,395
Capital and reserves
Called up share capital22
Profit and loss account49,69062,393
Shareholders' funds49,69262,395
The financial statements were approved and authorised for issue by the Board of Directors on 27 January 2025, and are signed on its behalf by:
Peter Medhurst
Director
Registered Company No. 04357646
THE CLASSICAL MUSIC COMPANY LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company makes payments into a defined contribution pension plan for the benefit of its director. Contributions are recognised as an expense in the accounts as incurred. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
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.
Current taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Office Equipment3
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 233,262
At 30 April 243,262
Depreciation and impairment
At 01 May 23(3,751)
Charge for year2,337
At 30 April 24(1,415)
Net book value
At 30 April 244,676
At 30 April 237,013
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-9,640
Total-9,640
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables19,42113,023
Taxation and social security2,7255,616
Other creditors360-
Accrued liabilities and deferred income1,5001,000
Total24,00619,639
6.Share capital
The company has issued share capital of 2 ordinary shares of £1 each. There have been no changes in the year.