Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr J D Owen 04/11/2015 10 January 2025 The principal activity of the company continued to be that of providing musical entertainment and lessons. 09857192 2024-05-31 09857192 bus:Director1 2024-05-31 09857192 2023-05-31 09857192 core:CurrentFinancialInstruments 2024-05-31 09857192 core:CurrentFinancialInstruments 2023-05-31 09857192 core:ShareCapital 2024-05-31 09857192 core:ShareCapital 2023-05-31 09857192 core:RetainedEarningsAccumulatedLosses 2024-05-31 09857192 core:RetainedEarningsAccumulatedLosses 2023-05-31 09857192 core:Vehicles 2023-05-31 09857192 core:FurnitureFittings 2023-05-31 09857192 core:ComputerEquipment 2023-05-31 09857192 core:Vehicles 2024-05-31 09857192 core:FurnitureFittings 2024-05-31 09857192 core:ComputerEquipment 2024-05-31 09857192 2023-06-01 2024-05-31 09857192 bus:FilletedAccounts 2023-06-01 2024-05-31 09857192 bus:SmallEntities 2023-06-01 2024-05-31 09857192 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09857192 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09857192 bus:Director1 2023-06-01 2024-05-31 09857192 core:Vehicles 2023-06-01 2024-05-31 09857192 core:FurnitureFittings 2023-06-01 2024-05-31 09857192 core:ComputerEquipment 2023-06-01 2024-05-31 09857192 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 09857192 (England and Wales)

HARMONY ENTERTAINMENT LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

HARMONY ENTERTAINMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

HARMONY ENTERTAINMENT LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
HARMONY ENTERTAINMENT LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
DIRECTOR Mr J D Owen
REGISTERED OFFICE 11 Whitelegge Street Tottington
Bury
BL8 1SW
United Kingdom
COMPANY NUMBER 09857192 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
HARMONY ENTERTAINMENT LTD

BALANCE SHEET

AS AT 31 MAY 2024
HARMONY ENTERTAINMENT LTD

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,962 6,553
6,962 6,553
Current assets
Debtors 4 35,214 38,279
Cash at bank and in hand 57,639 38,850
92,853 77,129
Creditors: amounts falling due within one year 5 ( 47,527) ( 43,888)
Net current assets 45,326 33,241
Total assets less current liabilities 52,288 39,794
Provision for liabilities ( 990) ( 1,245)
Net assets 51,298 38,549
Capital and reserves
Called-up share capital 100 100
Profit and loss account 51,198 38,449
Total shareholder's funds 51,298 38,549

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Harmony Entertainment LTD (registered number: 09857192) were approved and authorised for issue by the Director on 10 January 2025. They were signed on its behalf by:

Mr J D Owen
Director
HARMONY ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
HARMONY ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harmony Entertainment LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Whitelegge Street Tottington, Bury, BL8 1SW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 June 2023 7,980 8,493 1,617 18,090
Additions 0 1,870 0 1,870
At 31 May 2024 7,980 10,363 1,617 19,960
Accumulated depreciation
At 01 June 2023 5,385 4,826 1,326 11,537
Charge for the financial year 649 738 74 1,461
At 31 May 2024 6,034 5,564 1,400 12,998
Net book value
At 31 May 2024 1,946 4,799 217 6,962
At 31 May 2023 2,595 3,667 291 6,553

4. Debtors

2024 2023
£ £
Trade debtors 26,885 37,450
Other debtors 8,329 829
35,214 38,279

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 245 282
Taxation and social security 8,879 5,681
Other creditors 38,403 37,925
47,527 43,888