Registered number
03758069
Laboratoire Musical Phonoscopique Ltd
Filleted Accounts
31 January 2025
Laboratoire Musical Phonoscopique Ltd
Registered number: 03758069
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 33,149 36,533
Current assets
Cash at bank and in hand 729 2,310
Creditors: amounts falling due within one year 4 (253,176) (250,705)
Net current liabilities (252,447) (248,395)
Net liabilities (219,298) (211,862)
Capital and reserves
Called up share capital 3 3
Profit and loss account (219,301) (211,865)
Shareholder's funds (219,298) (211,862)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Francois Michel Evans
Director
Approved by the board on 28 May 2025
Laboratoire Musical Phonoscopique Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Studio & Equipment 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
There is no Corporation Tax liability.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Studio & Equipment Total
£ £ £
Cost
At 1 February 2024 31,714 128,111 159,825
Additions - 421 421
At 31 January 2025 31,714 128,532 160,246
Depreciation
At 1 February 2024 7,451 115,841 123,292
Charge for the year 634 3,171 3,805
At 31 January 2025 8,085 119,012 127,097
Net book value
At 31 January 2025 23,629 9,520 33,149
At 31 January 2024 24,263 12,270 36,533
4 Creditors: amounts falling due within one year 2025 2024
£ £
Director's Loan Account 252,586 250,055
Other creditors 590 650
253,176 250,705
5 Other information
Laboratoire Musical Phonoscopique Ltd is a private company limited by shares and incorporated in England. Its registered office is:
93 Normandy Avenue
High Barnet
Hertfordshire
EN5 2HT
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