| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Tangible assets | 3 | ||||||
| Current assets | |||||||
| Debtors | 4 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
( |
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| Net current assets | |||||||
| Total assets less current liabilities | |||||||
| Provisions for liabilities | ( |
( |
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| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Profit and loss account | |||||||
| Shareholder's funds | |||||||
| Joshua Ellis | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the year ended |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| JOSHUA ELLIS MUSIC LTD is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
| 69 Loughborough Road | ||||||||
| West Bridgford | ||||||||
| Nottingham | ||||||||
| NG2 7LA | ||||||||
| The financial statements are prepared in Sterling (£) which is the functional currency of the company. | ||||||||
| Turnover | ||||||||
| Tangible fixed assets | ||||||||
| Equipment | over 3 years | |||||||
| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the profit and loss account. |
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| Financial instruments | ||||||||
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. | ||||||||
| Debtors | ||||||||
| Creditors | ||||||||
| Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 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. |
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| Foreign currency translation | ||||||||
| 2 | Employees | 2024 | 2023 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Tangible fixed assets | |||||||
| Plant and machinery etc | ||||||||
| £ | ||||||||
| Cost | ||||||||
| At 1 December 2023 | ||||||||
| Additions | ||||||||
| At 30 November 2024 | ||||||||
| Depreciation | ||||||||
| At 1 December 2023 | ||||||||
| Charge for the year | ||||||||
| At 30 November 2024 | ||||||||
| Net book value | ||||||||
| At 30 November 2024 | ||||||||
| At 30 November 2023 | ||||||||
| 4 | Debtors | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade debtors | - | |||||||
| Other debtors | ||||||||
| 5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade creditors | ||||||||
| Taxation and social security costs | ||||||||
| Other creditors | ||||||||
| Director's loan account | 438 | 5,413 | ||||||
| 6 | Controlling party | |||||||
| The company is controlled by the director by virtue of his majority shareholding. | ||||||||