IRIS Accounts Production v24.3.2.46 11525881 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115258812023-08-31115258812024-08-31115258812023-09-012024-08-31115258812022-08-31115258812022-09-012023-08-31115258812023-08-3111525881ns15:EnglandWales2023-09-012024-08-3111525881ns14:PoundSterling2023-09-012024-08-3111525881ns10:Director12023-09-012024-08-3111525881ns10:CompanyLimitedByGuarantee2023-09-012024-08-3111525881ns10:SmallEntities2023-09-012024-08-3111525881ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111525881ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111525881ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111525881ns10:FullAccounts2023-09-012024-08-3111525881ns10:Director22023-09-012024-08-3111525881ns10:Director32023-09-012024-08-3111525881ns10:RegisteredOffice2023-09-012024-08-3111525881ns5:CurrentFinancialInstruments2024-08-3111525881ns5:CurrentFinancialInstruments2023-08-3111525881ns5:Non-currentFinancialInstruments2024-08-3111525881ns5:Non-currentFinancialInstruments2023-08-3111525881ns5:RetainedEarningsAccumulatedLosses2024-08-3111525881ns5:RetainedEarningsAccumulatedLosses2023-08-3111525881ns5:ComputerEquipment2023-09-012024-08-3111525881ns5:ComputerEquipment2023-08-3111525881ns5:ComputerEquipment2024-08-3111525881ns5:ComputerEquipment2023-08-3111525881ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111525881ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 11525881 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Soundskool Music

Soundskool Music (Registered number: 11525881)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Soundskool Music

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S R Gordon
C Abbe
P A Balogun





REGISTERED OFFICE: Soundskool, Soapbox
69-85 Old Street
London
EC1V 9HX





REGISTERED NUMBER: 11525881 (England and Wales)





ACCOUNTANTS: NT Accountancy
Chartered Accountants
43 Lynton Mead
London
N20 8DG

Soundskool Music (Registered number: 11525881)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,654 3,538

CURRENT ASSETS
Debtors 5 64,775 3,364
Cash at bank 12,225 50,538
77,000 53,902
CREDITORS
Amounts falling due within one year 6 11,946 8,238
NET CURRENT ASSETS 65,054 45,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,708

49,202

CREDITORS
Amounts falling due after more than
one year

7

3,667

7,667
NET ASSETS 64,041 41,535

RESERVES
Income and expenditure account 64,041 41,535
64,041 41,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

Soundskool Music (Registered number: 11525881)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S R Gordon - Director


Soundskool Music (Registered number: 11525881)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Soundskool Music is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Revenue recognition
All incoming funds are recognised when the Company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 9,453
DEPRECIATION
At 1 September 2023 5,915
Charge for year 884
At 31 August 2024 6,799
NET BOOK VALUE
At 31 August 2024 2,654
At 31 August 2023 3,538

Soundskool Music (Registered number: 11525881)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 64,775 -
Other debtors - 3,364
64,775 3,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 4,004 4,004
Taxation and social security 4,128 -
Other creditors 3,814 4,234
11,946 8,238

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 3,667 7,667

8. LIMITED BY GUARANTEE

The company is limited by guarantee and therefore has no shares.
In the event of a winding up or dissolution of the Company, any funds and assets remaining after satisfaction of its debts and liabilities and the costs of any winding up or other dissolution:

A) may not be paid or distributed to the members of the company, and

B) must be transfered to any one or more charities that

1) have similar charitable purposes to the Company and which are charitable in accordance with section 7 of the Companies Act 2006, and

2) have restrictions on the application of their property at least to the restrictions applicable under the Company Articles,

or, if that is not possible, such funds and assets shall be transfered to or applied towards some other purposes that are charitable under the law of England and Wales.

Soundskool Music (Registered number: 11525881)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. LEGAL STRUCTURE AND CHARITABLE OBJECTS

Soundskool Music is an Independent Company Limited by Guarantee. Its objects, powers and framework of governance are set out in the Articles of Association.The charity's 'Objects' are specifically restricted to the following:

To advance music, arts and education for teenagers and young adults, including support for disadvantaged people and those with disabilities and special educational needs, by providing:

1) safe nurturing environment to inspire learning, creativity and the development of community projects/partnerships;

2) pathways to further education and training, employment, business and entrepreneurship, alongside opportunities for volunteering and mentoring.