Company Registration No. 10074642 (England and Wales)
Bobby Cole Music Ltd
Unaudited accounts
for the year ended 31 March 2024
Bobby Cole Music Ltd
Unaudited accounts
Contents
Bobby Cole Music Ltd
Company Information
for the year ended 31 March 2024
Company Number
10074642 (England and Wales)
Registered Office
La Villeta, Fairwood Lane
Upper Killay
Swansea
SA2 7HR
Bobby Cole Music Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
128,867
131,499
Cash at bank and in hand
119,334
188,922
Creditors: amounts falling due within one year
102
(28,822)
Net current assets
230,936
247,274
Net assets
359,803
378,773
Called up share capital
100
100
Profit and loss account
359,703
378,673
Shareholders' funds
359,803
378,773
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Bobby Cole
Director
Company Registration No. 10074642
Bobby Cole Music Ltd
Notes to the Accounts
for the year ended 31 March 2024
Bobby Cole Music Ltd is a private company, limited by shares, registered in England and Wales, registration number 10074642. The registered office is La Villeta, Fairwood Lane, Upper Killay, Swansea, SA2 7HR.
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
88,276
98,356
13,750
200,382
At 31 March 2024
88,276
101,655
13,750
203,681
At 1 April 2023
-
65,445
3,438
68,883
Charge for the year
-
3,353
2,578
5,931
At 31 March 2024
-
68,798
6,016
74,814
At 31 March 2024
88,276
32,857
7,734
128,867
At 31 March 2023
88,276
32,911
10,312
131,499
Amounts falling due within one year
Other debtors
111,500
87,174
Bobby Cole Music Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,266
30,212
Loans from directors
(9,078)
783
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).