Registered number
10201160
Rockbottom Music Limited
Filleted Accounts
31 May 2024
Rockbottom Music Limited
Registered number: 10201160
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,943 27,429
Current assets
Stocks 181,985 196,785
Debtors 4 667 1,991
Cash at bank and in hand 14,669 19,906
197,321 218,682
Creditors: amounts falling due within one year 5 (222,071) (235,311)
Net current liabilities (24,750) (16,629)
Net assets 193 10,800
Capital and reserves
Called up share capital 100 100
Profit and loss account 93 10,700
Shareholder's funds 193 10,800
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carl Nils Nielsen
Director
Approved by the board on 9 February 2025
Rockbottom Music Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on a reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 31,980
At 31 May 2024 31,980
Depreciation
At 1 June 2023 4,551
Charge for the year 2,486
At 31 May 2024 7,037
Net book value
At 31 May 2024 24,943
At 31 May 2023 27,429
4 Debtors 2024 2023
£ £
Trade debtors 667 1,991
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,968 6,702
Taxation and social security costs 667 544
Other creditors 218,436 228,065
222,071 235,311
6 Controlling party
The company is controlled by Mr C N Nielsen on the basis that he holds 100% of the ordinary issued share capital of the company.
7 Other information
Rockbottom Music Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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