REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
Soundskool Music |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
RESERVES |
Income and expenditure account |
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 were approved by the Board of Directors and authorised for issue on |
Soundskool Music (Registered number: 11525881) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Soundskool Music is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Bank loans |
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. |