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REGISTERED NUMBER: 14113631 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OXFORDSHIRE MUSIC SCHOOL LTD

OXFORDSHIRE MUSIC SCHOOL LTD (REGISTERED NUMBER: 14113631)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OXFORDSHIRE MUSIC SCHOOL LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: T Dalby
Miss E D Duncan





REGISTERED OFFICE: 1 Cornflower Close
Harwell
Didcot
OX11 6ES





REGISTERED NUMBER: 14113631 (England and Wales)





ACCOUNTANTS: Bannister Prentice Ltd
Beechbrooke
121 Northallerton Road
Northallerton
North Yorkshire
DL6 2PY

OXFORDSHIRE MUSIC SCHOOL LTD (REGISTERED NUMBER: 14113631)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,700 -
Tangible assets 5 614 496
6,314 496

CURRENT ASSETS
Stocks 1,950 -
Debtors 6 188 188
Cash at bank 6,647 5,796
8,785 5,984
CREDITORS
Amounts falling due within one year 7 14,600 5,741
NET CURRENT (LIABILITIES)/ASSETS (5,815 ) 243
TOTAL ASSETS LESS CURRENT
LIABILITIES

499

739

PROVISIONS FOR LIABILITIES - 94
NET ASSETS 499 645

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 498 644
499 645

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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.

OXFORDSHIRE MUSIC SCHOOL LTD (REGISTERED NUMBER: 14113631)

BALANCE SHEET - continued
31 May 2024


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 26 February 2025 and were signed on its behalf by:





T Dalby - Director


OXFORDSHIRE MUSIC SCHOOL LTD (REGISTERED NUMBER: 14113631)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Oxfordshire Music School Ltd is a private company, limited by shares , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

OXFORDSHIRE MUSIC SCHOOL LTD (REGISTERED NUMBER: 14113631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 6,000
At 31 May 2024 6,000
AMORTISATION
Charge for year 300
At 31 May 2024 300
NET BOOK VALUE
At 31 May 2024 5,700

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 - 549 549
Additions 332 - 332
At 31 May 2024 332 549 881
DEPRECIATION
At 1 June 2023 - 53 53
Charge for year 50 164 214
At 31 May 2024 50 217 267
NET BOOK VALUE
At 31 May 2024 282 332 614
At 31 May 2023 - 496 496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 188 188

OXFORDSHIRE MUSIC SCHOOL LTD (REGISTERED NUMBER: 14113631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 -
Taxation and social security 23 548
Other creditors 14,576 5,193
14,600 5,741