Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11523171 Mrs Deborah Willis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11523171 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-08-31 11523171 2023-08-31 11523171 2024-08-31 11523171 2023-09-01 2024-08-31 11523171 frs-core:CurrentFinancialInstruments 2024-08-31 11523171 frs-core:Non-currentFinancialInstruments 2024-08-31 11523171 frs-core:ComputerEquipment 2024-08-31 11523171 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11523171 frs-core:ComputerEquipment 2023-08-31 11523171 frs-core:FurnitureFittings 2024-08-31 11523171 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11523171 frs-core:FurnitureFittings 2023-08-31 11523171 frs-core:PlantMachinery 2024-08-31 11523171 frs-core:PlantMachinery 2023-09-01 2024-08-31 11523171 frs-core:PlantMachinery 2023-08-31 11523171 frs-core:ShareCapital 2024-08-31 11523171 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11523171 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11523171 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11523171 frs-bus:SmallEntities 2023-09-01 2024-08-31 11523171 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11523171 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11523171 frs-bus:Director1 2023-09-01 2024-08-31 11523171 frs-countries:EnglandWales 2023-09-01 2024-08-31 11523171 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 11523171 2022-08-31 11523171 2023-08-31 11523171 2022-09-01 2023-08-31 11523171 frs-core:CurrentFinancialInstruments 2023-08-31 11523171 frs-core:Non-currentFinancialInstruments 2023-08-31 11523171 frs-core:ShareCapital 2023-08-31 11523171 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11523171
Discover The Music Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11523171
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,602 10,362
15,602 10,362
CURRENT ASSETS
Debtors 5 39,546 37,890
Cash at bank and in hand 17,964 8,055
57,510 45,945
Creditors: Amounts Falling Due Within One Year 6 (128,724 ) (190,513 )
NET CURRENT ASSETS (LIABILITIES) (71,214 ) (144,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES (55,612 ) (134,206 )
Creditors: Amounts Falling Due After More Than One Year 7 (129,955 ) (38,484 )
NET LIABILITIES (185,567 ) (172,690 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (185,568 ) (172,691 )
SHAREHOLDERS' FUNDS (185,567) (172,690)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Deborah Willis
Director
23/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Discover The Music Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11523171 . The registered office is Suite 96 Mail Boxes etc, 1 Ensbury Park Road, Bournemouth, Dorset, BH9 2SQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Instruments 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 18)
19 18
4. Tangible Assets
Instruments Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 16,425 2,589 924 19,938
Additions 9,829 292 - 10,121
As at 31 August 2024 26,254 2,881 924 30,059
Depreciation
As at 1 September 2023 7,806 1,178 592 9,576
Provided during the period 4,291 507 83 4,881
As at 31 August 2024 12,097 1,685 675 14,457
Net Book Value
As at 31 August 2024 14,157 1,196 249 15,602
As at 1 September 2023 8,619 1,411 332 10,362
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,675 -
Prepayments and accrued income 862 859
Other debtors 37,009 37,031
39,546 37,890
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,576 639
Bank loans and overdrafts 2,849 5,371
Other loans 572 481
Other taxes and social security 14,941 47,454
VAT 35,964 127,041
Other creditors 19,948 916
Accruals and deferred income 49,874 8,611
128,724 190,513
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,199 38,484
Other taxes and social security 31,034 -
VAT 60,722 -
129,955 38,484
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 6,914 12,692
Other Creditors 12,115 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3