for the Period Ended 31 March 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 April 2023
to
31 March 2024
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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| Gross profit(or loss): |
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| Administrative expenses: |
(
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(
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| Operating profit(or loss): |
( |
( |
| Profit(or loss) before tax: |
( |
( |
| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
|
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£ |
£ |
|
| Fixed assets | |||
| Tangible assets: | 3 |
|
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| Total fixed assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
( |
( |
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| Total assets less current liabilities: |
( |
( |
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| Accruals and deferred income: |
(
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(
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| Total net assets (liabilities): |
( |
( |
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| Capital and reserves | |||
| Called up share capital: |
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| Profit and loss account: |
( |
( |
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| Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
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 31 March 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
for the Period Ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 March 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 April 2023 |
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| Additions | ||||||
| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 March 2024 |
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| Depreciation | ||||||
| At 1 April 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 March 2024 |
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| Net book value | ||||||
| At 31 March 2024 |
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| At 31 March 2023 |
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for the Period Ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors |
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| Total |
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Stay True Agency began as a booking agency in early 2019 and was officially registered in March 2022 with the goal of making touring and performing more accessible and comfortable for underground artists. During the 2023/2024 financial year, we remained committed to our core values while expanding our network, strengthening long-term relationships, and Stay True Agency began as a booking agency in early 2019 and was officially registered in March 2022 with the goal of making touring and performing more accessible and comfortable for underground artists. Our key achievements include Supporting Emerging Artists: We provided opportunities for emerging artists and bands who lacked agency representation, helping them book shows and gain exposure. In addition, we promoted them on our social platforms, all at no cost to them. Facilitating International Tours: Established bands had the chance to perform in Europe and the UK for the first time in their careers under fair conditions and without financial risk. Our long-term partnerships with bands have grown stronger, allowing us to secure them spots at larger festivals and higher-profile shows. Ensuring Safe and Smooth Touring: We offered consultation on travel logistics, helping bands secure accommodation, rental gear, and transportation. We also provided ongoing support during tours, assisting in emergencies such as vehicle breakdowns, accidents, and fines (including direct contact with insurance providers). Affordable Transport Solutions: Bands using our van and driver services continued to benefit from discounted rental rates, maintaining the same favourable terms as in 2022/2023.- Merchandise Support: Artists and bands seeking merchandise production for their tours or individual shows received assistance in organising these services. Those opting for screen printing through us benefited from discounted wholesale pricing. Fair Opportunities for Tour Drivers: We successfully connected bands with drivers from various countries, ensuring fair working conditions and agreements. Strengthening Business Partnerships: We expanded our collaborations with local businesses in the UK, Czech Republic, France, and Germany, helping them grow through merchandise deals and gear/van rental opportunities. Moving forward, we aim to further develop these initiatives, support more artists, and continue making touring a sustainable and rewarding experience for the underground music scene, local businesses in the UK, Czech Republic, France, and Germany, helping them grow through merchandise deals and gear/van rental opportunities.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 March 2025
And signed on behalf of the board by:
Name: Tomas Lapka
Status: Director