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REGISTERED NUMBER: 08667251 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2024

for

School of Rock & Media Limited

School of Rock & Media Limited (Registered number: 08667251)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


School of Rock & Media Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J B Bolton
A Saunders
P D Tate
Mrs M Bolton
Mrs M Saunders





REGISTERED OFFICE: 5 Cater Street
Little Germany
Bradford
West Yorkshire
BD1 5AS





REGISTERED NUMBER: 08667251 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

School of Rock & Media Limited (Registered number: 08667251)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,590 125,844

CURRENT ASSETS
Debtors 5 68,682 70,274
Cash at bank and in hand 739,701 459,607
808,383 529,881
CREDITORS
Amounts falling due within one year 6 98,737 85,058
NET CURRENT ASSETS 709,646 444,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,236

570,667

RESERVES
Income and expenditure account 993,236 570,667
993,236 570,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 surplus or deficit 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 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 31 December 2024 and were signed on its behalf by:




A Saunders - Director



J B Bolton - Director


School of Rock & Media Limited (Registered number: 08667251)

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


1. STATUTORY INFORMATION

School of Rock & Media Limited is a private company, limited by guarantee , 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
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Musical Equipment & Studio - 25% on reducing balance
Fixtures and equipment - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 25 ) .

School of Rock & Media Limited (Registered number: 08667251)

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


4. TANGIBLE FIXED ASSETS
Improvements Musical Fixtures
to Equipment and Computer
property & Studio equipment equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 37,520 44,846 89,201 47,517 219,084
Additions 109,927 16,319 40,669 36,479 203,394
At 31 August 2024 147,447 61,165 129,870 83,996 422,478
DEPRECIATION
At 1 September 2023 5,392 31,675 29,881 26,292 93,240
Charge for year 6,081 5,525 19,072 14,970 45,648
At 31 August 2024 11,473 37,200 48,953 41,262 138,888
NET BOOK VALUE
At 31 August 2024 135,974 23,965 80,917 42,734 283,590
At 31 August 2023 32,128 13,171 59,320 21,225 125,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 17,545 31,777
Other debtors 11,000 21,749
Social Outreach Services Loan 5,000 5,000
Sorm Limited loan account 21,848 -
Prepayments 13,289 11,748
68,682 70,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 90,614 72,323
Pension control account 3,012 2,350
SORM Limited loan account - 6,786
Accrued expenses 5,111 3,599
98,737 85,058

School of Rock & Media Limited (Registered number: 08667251)

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


7. OTHER FINANCIAL COMMITMENTS

Lease Agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

Land and Buildings20232022
Within one year54,00054,000
Between one and five years54,00054,000
Over five years106,500160,500
214,500268,500
Other operating leases20232022
Within one year1,84411,067
Between one and five years01,844
Over five years00
1,84412,911





8. COMPANY LIMITED BY GUARANTEE

The company has no share capital & is limited by guarantee, the liability of each member is limited to £1.