Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3falsefalse2023-08-01No description of principal activity3truefalse 10888754 2023-08-01 2024-07-31 10888754 2022-08-01 2023-07-31 10888754 2024-07-31 10888754 2023-07-31 10888754 c:Director2 2023-08-01 2024-07-31 10888754 d:CurrentFinancialInstruments 2024-07-31 10888754 d:CurrentFinancialInstruments 2023-07-31 10888754 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10888754 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10888754 d:ShareCapital 2024-07-31 10888754 d:ShareCapital 2023-07-31 10888754 d:RetainedEarningsAccumulatedLosses 2024-07-31 10888754 d:RetainedEarningsAccumulatedLosses 2023-07-31 10888754 c:FRS102 2023-08-01 2024-07-31 10888754 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10888754 c:FullAccounts 2023-08-01 2024-07-31 10888754 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10888754 2 2023-08-01 2024-07-31 10888754 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 10888754









BSW MUSIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BSW MUSIC LIMITED
REGISTERED NUMBER: 10888754

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,306
718

Cash at bank and in hand
 5 
2,874
280

  
8,180
998

Creditors: amounts falling due within one year
 6 
(35,299)
(40,313)

Net current liabilities
  
 
 
(27,119)
 
 
(39,315)

Total assets less current liabilities
  
(27,119)
(39,315)

  

Net liabilities
  
(27,119)
(39,315)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(27,219)
(39,415)

  
(27,119)
(39,315)


Page 1

 
BSW MUSIC LIMITED
REGISTERED NUMBER: 10888754
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Mr R R Wilson
Director

Date: 15 April 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BSW MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

BSW Music Limited is a private company limited by shares and incorporated in England and Wales (registered no.10888754). The registered address is 101 New Cavendish Street, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BSW MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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 a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
BSW MUSIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Debtors

2024
2023
£
£


Trade debtors
3,665
120

Other debtors
1,641
598

5,306
718



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,874
280

2,874
280



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
9,947
9,961

Other creditors
22,852
27,852

Accruals and deferred income
2,500
2,500

35,299
40,313


 
Page 5