Company Registration No. 09735353 (England and Wales)
Bray Music Limited
Unaudited accounts
for the year ended 31 August 2024
Bray Music Limited
Unaudited accounts
Contents
Bray Music Limited
Company Information
for the year ended 31 August 2024
Director
Braden Joseph Mark
Company Number
09735353 (England and Wales)
Registered Office
41 Arbutus Road
Redhill
Surrey
RH1 6LJ
England
Accountants
Embrace Accountants Ltd
37 St. Leonards Drive
Nottingham
NG8 2BB
Bray Music Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
433
2,271
Creditors: amounts falling due within one year
(11,018)
(2,024)
Net current assets
10,292
25,225
Total assets less current liabilities
10,293
25,303
Creditors: amounts falling due after more than one year
-
(8,957)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
10,268
16,321
Shareholders' funds
10,278
16,331
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 27 May 2025 and were signed on its behalf by
Braden Joseph Mark
Director
Company Registration No. 09735353
Bray Music Limited
Notes to the Accounts
for the year ended 31 August 2024
Bray Music Limited is a private company, limited by shares, registered in England and Wales, registration number 09735353. The registered office is 41 Arbutus Road, Redhill, Surrey, RH1 6LJ, England.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 4 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Bray Music Limited
Notes to the Accounts
for the year ended 31 August 2024
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
19,069
21,359
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
54
1,324
Loans from directors
10,569
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
8,957
8
Transactions with related parties
Included within creditors is a director's loan of £10,569 (2023: £8,957) to Braden Mark, a director of the Company. The loan is unsecured, interest free and repayable on demand.
Bray Music Limited
Notes to the Accounts
for the year ended 31 August 2024
The ultimate controlling party during the period: Braden Mark. Braden Mark holds 100% of the issued share capital and is deemed the ultimate controlling party.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).