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REGISTERED NUMBER: 09480852 (England and Wales)















SIC MUSIC LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2024






SIC MUSIC LIMITED (REGISTERED NUMBER: 09480852)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIC MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MARCH 2024







DIRECTOR: Mr D K Smith





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 09480852 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

SIC MUSIC LIMITED (REGISTERED NUMBER: 09480852)

BALANCE SHEET
29 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,104 7,252

CURRENT ASSETS
Debtors 5 12,254 18,390
Cash at bank and in hand 8,496 3,302
20,750 21,692
CREDITORS
Amounts falling due within one year 6 (25,840 ) (25,860 )
NET CURRENT LIABILITIES (5,090 ) (4,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014

3,084

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 914 2,984
SHAREHOLDERS' FUNDS 1,014 3,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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.

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 27 December 2024 and were signed by:



Mr D K Smith - Director


SIC MUSIC LIMITED (REGISTERED NUMBER: 09480852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

1. STATUTORY INFORMATION

Sic Music Limited 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.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 30 March 2023
and 29 March 2024 12,612 3,515 16,127
DEPRECIATION
At 30 March 2023 5,530 3,345 8,875
Charge for year 1,063 85 1,148
At 29 March 2024 6,593 3,430 10,023
NET BOOK VALUE
At 29 March 2024 6,019 85 6,104
At 29 March 2023 7,082 170 7,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,254 890
Sundry debtors 5,000 17,500
12,254 18,390

SIC MUSIC LIMITED (REGISTERED NUMBER: 09480852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (2 ) 4,631
Corporation Tax 7,297 6,216
VAT 15,328 12,189
Sundry creditors 1,074 1,502
Directors' current accounts 813 17
Accrued expenses 1,330 1,305
25,840 25,860

Sundry creditors represents a company credit card balance.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D K Smith.