for the Period Ended 30 March 2024
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
for the Period Ended 30 March 2024
Registered office: |
England |
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Company Registration Number: |
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As at
Notes |
2024 £ |
2023 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 30 March 2024
Notes |
2024 £ |
2023 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Leasehold improvements - 25% straight line
Studio equipment - 15% reducing balance
Studio fittings, accessories and cabling - 20% reducing balance
Computer equipment - 20% reducing balance
2nd hand instruments and audio gear - 5% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Other accounting policies
for the Period Ended 30 March 2024
2024 |
2023 |
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Average number of employees during the period |
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for the Period Ended 30 March 2024
for the Period Ended 30 March 2024
Plant & machinery | Total | |
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Cost | £ | £ |
At 01 April 2023 |
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Additions |
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Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 30 March 2024 |
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Depreciation | ||
At 01 April 2023 |
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Charge for year |
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On disposals | - | - |
Other adjustments | - | - |
At 30 March 2024 |
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Net book value | ||
At 30 March 2024 |
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At 31 March 2023 |
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for the Period Ended 30 March 2024
2024 £ |
2023 £ |
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Other debtors |
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Total |
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for the Period Ended 30 March 2024
2024 £ |
2023 £ |
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Bank loans and overdrafts |
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Other creditors |
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Total |
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for the Period Ended 30 March 2024
Name of related party: |
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Description of relationship: | |
Director | |
Description of the transaction: | |
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Balance at 01 April 2023 |
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Balance at 30 March 2024 |
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