Registered number
05517443
Annie Reed Music Limited
Unaudited Filleted Accounts
30 June 2024
Annie Reed Music Limited
Registered number: 05517443
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 754 947
Current assets
Debtors 4 5,610 4,644
Cash at bank and in hand 29,278 23,314
34,888 27,958
Creditors: amounts falling due within one year 5 (24,361) (22,277)
Net current assets 10,527 5,681
Total assets less current liabilities 11,281 6,628
Creditors: amounts falling due after more than one year 6 - (262)
Provisions for liabilities (143) (180)
Net assets 11,138 6,186
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,137 6,185
Shareholder's funds 11,138 6,186
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 her 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.
Ms A Havard
Director
Approved by the board on 17 March 2025
Annie Reed Music Limited
Notes to the Accounts
for the year ended 30 June 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 rendering of services and publishing royalties received.
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:
Plant and machinery 25% reducing balance basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 13,242
Additions 58
At 30 June 2024 13,300
Depreciation
At 1 July 2023 12,295
Charge for the year 251
At 30 June 2024 12,546
Net book value
At 30 June 2024 754
At 30 June 2023 947
4 Debtors 2024 2023
£ £
Trade debtors 2,260 2,528
Prepayments 1,415 1,346
Accrued income 920 770
Director's overdrawn current account 1,015 -
5,610 4,644
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 262 524
Trade creditors 2,425 2,504
Director's current account - 319
Accruals 14,458 12,816
Taxation and social security costs 7,216 6,114
24,361 22,277
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 262
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Ms A Havard
Director's overdrawn current account, interest free and repayable on demand. The loan was repaid in full on 10 March 2025. - 1,015 - 1,015
- 1,015 - 1,015
8 Other information
Annie Reed Music Limited is a private company limited by shares and incorporated in England. Its registered office is:
Holly House
29a Beanacre
Melksham
Wiltshire
SN12 7PT
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