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REGISTERED NUMBER: 07371529 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Waxy Monkey Music Limited

Waxy Monkey Music Limited (Registered number: 07371529)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Waxy Monkey Music Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A C J Stephens





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 07371529 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Waxy Monkey Music Limited (Registered number: 07371529)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,611 2,797

CURRENT ASSETS
Debtors 5 137,304 122,634

CREDITORS
Amounts falling due within one year 6 111,899 96,432
NET CURRENT ASSETS 25,405 26,202
TOTAL ASSETS LESS CURRENT LIABILITIES 27,016 28,999

CREDITORS
Amounts falling due after more than one year 7 (22,407 ) (26,822 )

PROVISIONS FOR LIABILITIES (399 ) (625 )
NET ASSETS 4,210 1,552

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,209 1,551
SHAREHOLDERS' FUNDS 4,210 1,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 March 2025 and were signed by:





A C J Stephens - Director


Waxy Monkey Music Limited (Registered number: 07371529)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Waxy Monkey 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.

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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from consultancy services and the manufacturing of audio products is recognised when work is complete.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Waxy Monkey Music Limited (Registered number: 07371529)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 8,698 5,259 13,957
DEPRECIATION
At 1 October 2023 6,634 4,526 11,160
Charge for year 516 670 1,186
At 30 September 2024 7,150 5,196 12,346
NET BOOK VALUE
At 30 September 2024 1,548 63 1,611
At 30 September 2023 2,064 733 2,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,499 7,918
Other debtors 16,171 14,953
Directors' current accounts 116,634 99,101
VAT - 662
137,304 122,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 13,422 20,959
Trade creditors 85,457 48,355
Tax 3,195 627
VAT 1,510 -
Other creditors 6,985 25,186
Accrued expenses 1,330 1,305
111,899 96,432

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-5 years 15,188 10,546
Bank loans more than 5 years 7,219 16,276
22,407 26,822

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 7,219 16,276

Waxy Monkey Music Limited (Registered number: 07371529)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
A C J Stephens
Balance outstanding at start of year 99,101 29,133
Amounts advanced 116,634 99,101
Amounts repaid (99,101 ) (29,133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,634 99,101

9. RELATED PARTY DISCLOSURES

The amount outstanding at the year end from Mr A Stephens is £116,634 (2023 - £99,101).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Waxy Monkey Music Limited

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 Statement of Financial Position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waxy Monkey Music Limited for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Waxy Monkey Music Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waxy Monkey Music Limited and state those matters that we have agreed to state to the director of Waxy Monkey Music Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waxy Monkey Music Limited and its director for our work or for this report.

It is your duty to ensure that Waxy Monkey Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waxy Monkey Music Limited. You consider that Waxy Monkey Music Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Waxy Monkey Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


7 March 2025