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REGISTERED NUMBER: 09172693 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Music Hands Ltd

Music Hands Ltd (Registered number: 09172693)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Music Hands Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D Olatunji





REGISTERED OFFICE: 47 Norman Terrace
Wallsend
Tyne and Wear
NE28 6SP





REGISTERED NUMBER: 09172693 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Music Hands Ltd (Registered number: 09172693)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,359 19,533

CURRENT ASSETS
Debtors 5 6,114 3,900
Cash at bank and in hand 2,766 6,836
8,880 10,736
CREDITORS
Amounts falling due within one year 6 1,559 1,817
NET CURRENT ASSETS 7,321 8,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,680

28,452

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,679 28,451
SHAREHOLDERS' FUNDS 23,680 28,452

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Music Hands Ltd (Registered number: 09172693)

Balance Sheet - continued
31 August 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 director and authorised for issue on 17 March 2025 and were signed by:





D Olatunji - Director


Music Hands Ltd (Registered number: 09172693)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Music Hands 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Music Hands Ltd (Registered number: 09172693)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£ £ £
COST
At 1 September 2023
and 31 August 2024 17,291 41,958 59,249
DEPRECIATION
At 1 September 2023 14,855 24,861 39,716
Charge for year 609 2,565 3,174
At 31 August 2024 15,464 27,426 42,890
NET BOOK VALUE
At 31 August 2024 1,827 14,532 16,359
At 31 August 2023 2,436 17,097 19,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade debtors 3,898 3,210
Other debtors 497 -
Directors' loan accounts 1,719 690
6,114 3,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Tax 276 825
Social security and other taxes 365 212
Accrued expenses 918 780
1,559 1,817

Music Hands Ltd (Registered number: 09172693)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£ £
D Olatunji
Balance outstanding at start of year 690 (629 )
Amounts advanced 1,719 20,138
Amounts repaid (690 ) (18,819 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,719 690

Music Hands Ltd

Report of the Accountants to the Director of
Music Hands Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


17 March 2025