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Company Registration No. 07458656 (England and Wales)
Kaleidoscope Music Limited Unaudited accounts for the year ended 31 December 2024
Kaleidoscope Music Limited Unaudited accounts Contents
Page
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Kaleidoscope Music Limited Company Information for the year ended 31 December 2024
Director
Matthew Dennison
Company Number
07458656 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Kaleidoscope Music Limited Accountants' report
Accountants' report to the director of Kaleidoscope Music Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kaleidoscope Music Limited for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kaleidoscope Music Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kaleidoscope Music Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kaleidoscope Music Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kaleidoscope Music Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kaleidoscope Music Limited. You consider that Kaleidoscope Music Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kaleidoscope Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 14 January 2025
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Kaleidoscope Music Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,924 
1,461 
Current assets
Debtors
716 
532 
Cash at bank and in hand
52,470 
45,195 
53,186 
45,727 
Creditors: amounts falling due within one year
(10,796)
(13,851)
Net current assets
42,390 
31,876 
Total assets less current liabilities
44,314 
33,337 
Creditors: amounts falling due after more than one year
- 
(5,093)
Net assets
44,314 
28,244 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,313 
28,243 
Shareholders' funds
44,314 
28,244 
For the year ending 31 December 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 14 January 2025 and were signed on its behalf by
Matthew Dennison Director Company Registration No. 07458656
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Kaleidoscope Music Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Kaleidoscope Music Limited is a private company, limited by shares, registered in England and Wales, registration number 07458656. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill - 10 years
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:
Fixtures & fittings
- 25% reducing balance
Computer equipment
- 25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
10,000 
At 31 December 2024
10,000 
Amortisation
At 1 January 2024
10,000 
At 31 December 2024
10,000 
Net book value
At 31 December 2024
- 
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Kaleidoscope Music Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
14,159 
274 
14,433 
Additions
857 
- 
857 
At 31 December 2024
15,016 
274 
15,290 
Depreciation
At 1 January 2024
12,705 
267 
12,972 
Charge for the year
392 
2 
394 
At 31 December 2024
13,097 
269 
13,366 
Net book value
At 31 December 2024
1,919 
5 
1,924 
At 31 December 2023
1,454 
7 
1,461 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
317 
113 
Accrued income and prepayments
399 
419 
716 
532 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,476 
6,908 
Loans from directors
4,320 
6,943 
10,796 
13,851 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
5,093 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Kaleidoscope Music Limited Notes to the Accounts for the year ended 31 December 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Matthew Dennison
Loans from directors
(6,943)
(12,377)
(15,000)
(4,320)
(6,943)
(12,377)
(15,000)
(4,320)
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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