MUSICBYCANDLELIGHT LTD

Company Registration Number:
14972402 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 30 June 2023

End date: 30 June 2024

MUSICBYCANDLELIGHT LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MUSICBYCANDLELIGHT LTD

Company Information

for the Period Ended 30 June 2024




Director: Nicholas M Lowe
Registered office: 97
Derby Road
Wirksworth
Matlock
England
DE4 4PR
Company Registration Number: 14972402 (England and Wales)

MUSICBYCANDLELIGHT LTD

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal Activities

Music events organiser

Political and charitable donations

none

Company policy on the employment of disabled persons

none

Directors

The director(s) shown below were appointed to the company during the period
Nicholas M Lowe
30 June 2023

This report was approved by the board of directors on 4 January 2025
And Signed On Behalf Of The Board By:

Name: Nicholas M Lowe
Status: Director

MUSICBYCANDLELIGHT LTD

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£
Turnover 2,063
Cost of sales ( 6,823 )
Gross Profit or (Loss) ( 4,760 )
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 97 )
Operating Profit or (Loss) ( 4,857 )
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax ( 4,857 )
Tax on Profit ( 0 )
Profit or (Loss) for Period ( 4,857 )

The notes form part of these financial statements

MUSICBYCANDLELIGHT LTD

Balance sheet

As at 30 June 2024


Notes

2024
£
Fixed assets
Intangible assets: 4 1
Tangible assets: 5 2,196
Total fixed assets: 2,197
Current assets
Stocks: 0
Debtors: 6 4,760
Cash at bank and in hand: 2
Total current assets: 4,762
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 7 ( 4,760 )
Net current assets (liabilities): 2
Total assets less current liabilities: 2,199
Creditors: amounts falling due after more than one year: 8 ( 4,760 )
Provision for liabilities: ( 0 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): ( 2,561 )

The notes form part of these financial statements

MUSICBYCANDLELIGHT LTD

Balance sheet continued

As at 30 June 2024


Notes

2024
£
Capital and reserves
Called up share capital: 1
Revaluation reserve: 9 0
Profit and loss account: ( 2,562 )
Shareholders funds: ( 2,561 )

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 4 January 2025
And Signed On Behalf Of The Board By:

Name: Nicholas M Lowe
Status: Director

The notes form part of these financial statements

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024
    Average number of employees during the period 1

    no income paid to employee

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Intangible assets

Goodwill Total
Cost £ £
Additions 1 1
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2024 1 1
Amortisation
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 30 June 2024 - -
Net book value
Net book value at 30 June 2024 1 1

sorry I've no idea what these mean

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Tangible assets

Fixtures & fittings Total
Cost £ £
Additions 2,196 2,196
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2024 2,196 2,196
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 30 June 2024 - -
Net book value
At 30 June 2024 2,196 2,196

I have 660 candles and two sheds valued at £2196

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Debtors


2024
£
Other debtors 4,760
Total 4,760

I have given the company this amount to trade. I take from the company as and when it makes money

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7.Creditors: amounts falling due within one year note


2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 4,760
Total 4,760

The company owes me funds as explained in previous field

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

8.Creditors: amounts falling due after more than one year


2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 4,760
Total 4,760

£4760 is the amount owed to the Director Nicholas Lowe

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

9. Revaluation reserve


2024
£
Surplus or deficit after revaluation 0
Balance at 30 June 2024 0

Sorry. not sure what is being asked here. There is no depreciation of goods

MUSICBYCANDLELIGHT LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

10.1. Loans to Directors

Name of director receiving advance or credit: Nicholas M Lowe
Description of the transaction:
Money paid to business to get it started
Advances or credits made: 6,823
Advances or credits repaid: 1,780
Balance at 30 June 2024 5,043

No interest being paid on the loan