Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseNo description of principal activity89falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11332776 2023-01-01 2023-12-31 11332776 2022-01-01 2022-12-31 11332776 2023-12-31 11332776 2022-12-31 11332776 c:Director1 2023-01-01 2023-12-31 11332776 d:ComputerEquipment 2023-01-01 2023-12-31 11332776 d:ComputerEquipment 2023-12-31 11332776 d:ComputerEquipment 2022-12-31 11332776 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11332776 d:CurrentFinancialInstruments 2023-12-31 11332776 d:CurrentFinancialInstruments 2022-12-31 11332776 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11332776 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11332776 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11332776 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11332776 d:ShareCapital 2023-12-31 11332776 d:ShareCapital 2022-12-31 11332776 d:SharePremium 2023-12-31 11332776 d:SharePremium 2022-12-31 11332776 d:RetainedEarningsAccumulatedLosses 2023-12-31 11332776 d:RetainedEarningsAccumulatedLosses 2022-12-31 11332776 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11332776 c:OrdinaryShareClass1 2023-12-31 11332776 c:OrdinaryShareClass1 2022-12-31 11332776 c:OrdinaryShareClass2 2023-01-01 2023-12-31 11332776 c:OrdinaryShareClass2 2023-12-31 11332776 c:OrdinaryShareClass2 2022-12-31 11332776 c:FRS102 2023-01-01 2023-12-31 11332776 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11332776 c:FullAccounts 2023-01-01 2023-12-31 11332776 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11332776 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11332776













Amazing Music Technology Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Amazing Music Technology Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
233
460

Fixed asset investments
  
334,076
303,827

  
334,309
304,287

Current assets
  

Debtors
 6 
420,404
91,123

Cash at bank and in hand
  
21
48

  
420,425
91,171

Creditors: amounts falling due within one year
 7 
(279,870)
(64,559)

Net current assets
  
 
 
140,555
 
 
26,612

Total assets less current liabilities
  
474,864
330,899

Creditors: amounts falling due after more than one year
  
(26,928)
(33,140)

  

Net assets
  
447,936
297,759


Capital and reserves
  

Called up share capital 
 8 
113
112

Share premium account
  
775,227
644,264

Profit and loss account
  
(327,404)
(346,617)

Shareholders' funds
  
447,936
297,759


1

 
Amazing Music Technology Limited

    
Balance sheet (continued)
At 31 December 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2025.




P A Campbell
Director

Registered number: 11332776
The notes on pages 3 to 7 form part of these financial statements. 

2

 
Amazing Music Technology Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

1.


General information

Amazing Music Technology Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Amazing Towers, Church Street, Gateshead, NE8 2AT.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, the validity of which depends
upon the continued support of the directors and shareholder. The directors/shareholder have confirmed their willingness to provide the requisite support for a period of at least 12 months from the date of signing these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

3

 
Amazing Music Technology Limited
 

 
Notes to the financial statements
Period ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

4

 
Amazing Music Technology Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 -9).


4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 January 2023
687



At 31 December 2023

687



Depreciation


At 1 January 2023
227


Charge for the year
227



At 31 December 2023

454



Net book value



At 31 December 2023
233



At 31 December 2022
460

5

 
Amazing Music Technology Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

5.


Fixed asset investments





Loans to associates

£



Cost or valuation


At 1 January 2023
303,827


Additions
78,411


Repayments
(48,162)



At 31 December 2023
334,076






Net book value



At 31 December 2023
334,076



At 31 December 2022
303,827


6.


Debtors

2023
2022
£
£


Trade debtors
349,316
90,500

Other debtors
71,088
623

420,404
91,123



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Other taxation and social security
223,396
52,129

Other creditors
50,474
6,430

Accruals and deferred income
6,000
6,000

279,870
64,559


6

 
Amazing Music Technology Limited
 
 

Notes to the financial statements
Period ended 31 December 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 -10,000) A Ordinary shares of £0.01 each
100
100
1,345 (2022 -1,200) Ordinary shares of £0.01 each
13
12

113

112


During the year 145 ordinary shares of £0.01 each were issued at a premium which totalled £130,963.

 
7