Company Registration No. 9707070 (England and Wales)
Beibei Music Studio UK Limited
Unaudited accounts
for the year ended 31 July 2024
Beibei Music Studio UK Limited
Unaudited accounts
Contents
Beibei Music Studio UK Limited
Company Information
for the year ended 31 July 2024
Company Number
9707070 (England and Wales)
Registered Office
58 Roslyn Road
London
N15 5ET
UK
Beibei Music Studio UK Limited
Statement of financial position
as at 31 July 2024
Tangible assets
2,939
4,315
Cash at bank and in hand
35,523
31,284
Creditors: amounts falling due within one year
(6,109)
(6,930)
Net current assets
53,928
56,739
Total assets less current liabilities
56,867
61,054
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
56,210
60,135
Shareholders' funds
56,310
60,235
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 May 2025 and were signed on its behalf by
Beibei Wang
Director
Company Registration No. 9707070
Beibei Music Studio UK Limited
Notes to the Accounts
for the year ended 31 July 2024
Beibei Music Studio UK Limited is a private company, limited by shares, registered in England and Wales, registration number 9707070. The registered office is 58 Roslyn Road, London, N15 5ET, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared on the going concern basis, under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The accounts are presented in £ sterling.
Turnover represents the value of the work carried out in respect of services provided to customers. Turnover is attributable to the company's continuing principal activity.
Tangible fixed assets and depreciation
Assets with an economic life of more than one year and value greater than £1,000 are generally capitalised. Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives on a straight-line basis at the following rates:
Computer equipment: 25 per cent of cost
Plant & machinery: 25 per cent of cost
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax assets and liabilities are not discounted.
After reviewing the company's forecast and projection, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern in preparing its financial statements.
Beibei Music Studio UK Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
3,976
1,528
5,504
At 31 July 2024
3,976
1,528
5,504
At 1 August 2023
414
775
1,189
Charge for the year
994
382
1,376
At 31 July 2024
1,408
1,157
2,565
At 31 July 2024
2,568
371
2,939
At 31 July 2023
3,562
753
4,315
Amounts falling due within one year
Accrued income and prepayments
3,336
2,820
Other debtors
19,978
27,355
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,921
3,885
Loans from directors
557
2,290
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
The company was under the control of the director Beibei Wang throughout the current and previous periods. As at 31/07/2024, the amount owed to Beibei Wang was £557 (2023: £2,290). The loans are repayable on demand.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).