Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-272023-09-0173No description of principal activityfalse52falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10223683 2023-09-01 2024-08-31 10223683 2024-08-31 10223683 2022-09-01 2023-08-31 10223683 2023-08-31 10223683 c:Director1 2023-09-01 2024-08-31 10223683 c:Director2 2023-09-01 2024-08-31 10223683 c:RegisteredOffice 2023-09-01 2024-08-31 10223683 d:Buildings 2023-09-01 2024-08-31 10223683 d:Buildings 2024-08-31 10223683 d:Buildings 2023-08-31 10223683 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10223683 d:PlantMachinery 2023-09-01 2024-08-31 10223683 d:PlantMachinery 2024-08-31 10223683 d:PlantMachinery 2023-08-31 10223683 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10223683 d:MotorVehicles 2023-09-01 2024-08-31 10223683 d:MotorVehicles 2024-08-31 10223683 d:MotorVehicles 2023-08-31 10223683 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10223683 d:OfficeEquipment 2023-09-01 2024-08-31 10223683 d:OfficeEquipment 2024-08-31 10223683 d:OfficeEquipment 2023-08-31 10223683 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10223683 d:ComputerEquipment 2023-09-01 2024-08-31 10223683 d:ComputerEquipment 2024-08-31 10223683 d:ComputerEquipment 2023-08-31 10223683 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10223683 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10223683 d:ComputerSoftware 2024-08-31 10223683 d:ComputerSoftware 2023-08-31 10223683 d:CurrentFinancialInstruments 2024-08-31 10223683 d:CurrentFinancialInstruments 2023-08-31 10223683 d:Non-currentFinancialInstruments 2024-08-31 10223683 d:Non-currentFinancialInstruments 2023-08-31 10223683 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10223683 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10223683 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10223683 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10223683 d:ShareCapital 2024-08-31 10223683 d:ShareCapital 2023-08-31 10223683 d:RetainedEarningsAccumulatedLosses 2024-08-31 10223683 d:RetainedEarningsAccumulatedLosses 2023-08-31 10223683 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-09-01 2024-08-31 10223683 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-08-31 10223683 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-08-31 10223683 c:FRS102 2023-09-01 2024-08-31 10223683 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10223683 c:FullAccounts 2023-09-01 2024-08-31 10223683 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10223683 d:WithinOneYear 2024-08-31 10223683 d:WithinOneYear 2023-08-31 10223683 d:BetweenOneFiveYears 2024-08-31 10223683 d:BetweenOneFiveYears 2023-08-31 10223683 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 10223683 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 10223683 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 10223683 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 10223683 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-09-01 2024-08-31 10223683 6 2023-09-01 2024-08-31 10223683 d:ComputerSoftware d:OwnedIntangibleAssets 2023-09-01 2024-08-31 10223683 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 10223683







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


IROCK SCHOOL OF MUSIC LTD






































img1034.png                        

 


IROCK SCHOOL OF MUSIC LTD
 


 
COMPANY INFORMATION


Directors
Mr J R Franklin 
Mr J J Franklin 




Registered number
10223683



Registered office
10 Eelmoor Road

Farnborough

GU14 7QN




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


IROCK SCHOOL OF MUSIC LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


IROCK SCHOOL OF MUSIC LTD
REGISTERED NUMBER:10223683



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
147,536
49,026

Tangible assets
 5 
232,250
172,974

Investments
 6 
2,500
2,500

  
382,286
224,500

Current assets
  

Debtors: amounts falling due within one year
 7 
75,932
43,168

Cash at bank and in hand
  
237,277
98,917

  
313,209
142,085

Creditors: amounts falling due within one year
 8 
(366,829)
(254,552)

Net current liabilities
  
 
 
(53,620)
 
 
(112,467)

Total assets less current liabilities
  
328,666
112,033

Creditors: amounts falling due after more than one year
 9 
(14,531)
(28,701)

Provisions for liabilities
  

Deferred tax
  
(90,430)
(51,930)

Other provisions
 11 
(3,900)
(2,800)

  
 
 
(94,330)
 
 
(54,730)

Net assets
  
219,805
28,602


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
219,705
28,502

  
219,805
28,602


Page 1

 


IROCK SCHOOL OF MUSIC LTD
REGISTERED NUMBER:10223683


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 income and retained earnings 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 J R Franklin
................................................
Mr J J Franklin
Director
Director


Date: 27 May 2025
Date: 27 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


IROCK SCHOOL OF MUSIC LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

IRock School of Music Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.

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

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. 

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 


IROCK SCHOOL OF MUSIC LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight Line
Fixtures and fittings
-
20%
Straight Line
Motor vehicles
-
25%
Reducing Balance
Music equipment
-
20%
Straight Line
Computer equipment
-
20%
Straight Line

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 in profit or loss.

 
2.7

Valuation of investments

Intangible fixed asset investments are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 73 (2023 - 52).

Page 4

 


IROCK SCHOOL OF MUSIC LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Computer software

£



Cost


At 1 September 2023
51,273


Additions
109,927



At 31 August 2024

161,200



Amortisation


At 1 September 2023
2,247


Charge for the year 
11,417



At 31 August 2024

13,664



Net book value



At 31 August 2024
147,536



At 31 August 2023
49,026



Page 5

 


IROCK SCHOOL OF MUSIC LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Freehold property
Fixtures & Fittings
Motor vehicles
Music equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2023
74,875
11,240
11,833
107,014
39,103
244,065


Additions
-
10,997
4,223
63,406
21,242
99,868



At 31 August 2024

74,875
22,237
16,056
170,420
60,345
343,933



Depreciation


At 1 September 2023
2,995
2,715
1,972
44,346
19,063
71,091


Charge for the year 
1,498
3,239
3,169
25,130
7,556
40,592



At 31 August 2024

4,493
5,954
5,141
69,476
26,619
111,683



Net book value



At 31 August 2024
70,382
16,283
10,915
100,944
33,726
232,250



At 31 August 2023
71,880
8,525
9,861
62,668
20,040
172,974


6.


Intangible fixed asset investments





Digital Assets

£



Cost or valuation


At 1 September 2023
2,500



At 31 August 2024
2,500




Page 6

 


IROCK SCHOOL OF MUSIC LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Debtors

2024
2023
£
£


Trade debtors
7,753
1,163

Other debtors
25,723
10,522

Prepayments and accrued income
42,456
31,483

75,932
43,168



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,147
10,147

Trade creditors
83,459
38,627

Corporation tax
55,002
22,112

Other taxation and social security
159,165
97,904

Obligations under finance lease and hire purchase contracts
4,023
3,501

Other creditors
42,776
63,385

Accruals and deferred income
12,257
18,876

366,829
254,552


Included within other creditors is a loan due to a Director of £1,945 (2023 - £20,923).  This loan is interest free and repayable on demand.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,683
22,830

Net obligations under finance leases and hire purchase contracts
1,848
5,871

14,531
28,701


Page 7

 


IROCK SCHOOL OF MUSIC LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,023
3,501

Between 1-5 years
1,848
5,871

5,871
9,372


11.


Provisions




Dilapidation provision

£





At 1 September 2023
2,800


Charged to profit or loss
1,100



At 31 August 2024
3,900


12.


Commitments under operating leases

At 31 August 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
49,798
45,674

Later than 1 year and not later than 5 years
37,649
77,651

87,447
123,325

 
Page 8