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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
Page
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London Piano Forte Network Limited Company Information for the year ended 30 June 2024
Director
Grant Savastano
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
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London Piano Forte Network Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,962 
4,178 
Current assets
Debtors
748 
- 
Cash at bank and in hand
125,593 
127,423 
126,341 
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)
Net assets
69,196 
57,492 
Capital and reserves
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
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London Piano Forte Network Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
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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 
Additions
- 
- 
1,363 
1,363 
Disposals
- 
(193)
- 
(193)
At 30 June 2024
5,682 
1,572 
1,363 
8,617 
Depreciation
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 
Net book value
At 30 June 2024
2,304 
636 
1,022 
3,962 
At 30 June 2023
3,072 
1,106 
- 
4,178 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
748 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,355 
3,385 
VAT
2,872 
- 
Taxes and social security
8,076 
12,274 
Loans from directors
44,815 
52,946 
Accruals
880 
880 
58,998 
69,485 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,109 
4,624 
8
Share capital
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).
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