Company Registration No. 11423970 (England and Wales)
London Piano Forte Network Limited
Unaudited accounts
for the year ended 30 June 2024
London Piano Forte Network Limited
Unaudited accounts
Contents
London Piano Forte Network Limited
Company Information
for the year ended 30 June 2024
Company Number
11423970 (England and Wales)
Registered Office
380A New Hythe lane
Larkfield
Aylesford
Kent
ME206RZ
United Kingdom
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
London Piano Forte Network Limited
Statement of financial position
as at 30 June 2024
Tangible assets
3,962
4,178
Cash at bank and in hand
125,593
127,423
Creditors: amounts falling due within one year
(58,998)
(69,485)
Net current assets
67,343
57,938
Total assets less current liabilities
71,305
62,116
Creditors: amounts falling due after more than one year
(2,109)
(4,624)
Called up share capital
1
1
Profit and loss account
69,195
57,491
Shareholders' funds
69,196
57,492
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2025 and were signed on its behalf by
Grant Savastano
Director
Company Registration No. 11423970
London Piano Forte Network Limited
Notes to the Accounts
for the year ended 30 June 2024
London Piano Forte Network Limited is a private company, limited by shares, registered in England and Wales, registration number 11423970. The registered office is 380A New Hythe lane, Larkfield, Aylesford, Kent, ME206RZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
London Piano Forte Network Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
5,682
1,765
-
7,447
At 30 June 2024
5,682
1,572
1,363
8,617
At 1 July 2023
2,610
659
-
3,269
Charge for the year
768
277
341
1,386
At 30 June 2024
3,378
936
341
4,655
At 30 June 2024
2,304
636
1,022
3,962
At 30 June 2023
3,072
1,106
-
4,178
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,355
3,385
Taxes and social security
8,076
12,274
Loans from directors
44,815
52,946
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).