IRIS Accounts Production v25.1.4.42 SC592313 director 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5923132024-03-31SC5923132025-03-31SC5923132024-04-012025-03-31SC5923132023-03-31SC5923132023-04-012024-03-31SC5923132024-03-31SC592313ns15:Scotland2024-04-012025-03-31SC592313ns14:PoundSterling2024-04-012025-03-31SC592313ns10:Director12024-04-012025-03-31SC592313ns10:PrivateLimitedCompanyLtd2024-04-012025-03-31SC592313ns10:SmallEntities2024-04-012025-03-31SC592313ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31SC592313ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-31SC592313ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC592313ns10:FullAccounts2024-04-012025-03-31SC59231312024-04-012025-03-31SC592313ns10:OrdinaryShareClass12024-04-012025-03-31SC592313ns10:RegisteredOffice2024-04-012025-03-31SC592313ns5:CurrentFinancialInstruments2025-03-31SC592313ns5:CurrentFinancialInstruments2024-03-31SC592313ns5:Non-currentFinancialInstruments2025-03-31SC592313ns5:Non-currentFinancialInstruments2024-03-31SC592313ns5:ShareCapital2025-03-31SC592313ns5:ShareCapital2024-03-31SC592313ns5:RetainedEarningsAccumulatedLosses2025-03-31SC592313ns5:RetainedEarningsAccumulatedLosses2024-03-31SC592313ns5:NetGoodwill2024-04-012025-03-31SC592313ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-31SC592313ns5:NetGoodwill2024-03-31SC592313ns5:NetGoodwill2025-03-31SC592313ns5:NetGoodwill2024-03-31SC592313ns5:PlantMachinery2024-03-31SC592313ns5:PlantMachinery2024-04-012025-03-31SC592313ns5:PlantMachinery2025-03-31SC592313ns5:PlantMachinery2024-03-31SC592313ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31SC592313ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC592313ns10:OrdinaryShareClass12025-03-31SC592313ns5:RetainedEarningsAccumulatedLosses2024-03-31SC592313ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: SC592313 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE MUSIC SPOT (AYRSHIRE) LTD

THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE MUSIC SPOT (AYRSHIRE) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTOR: Miss L Marr





REGISTERED OFFICE: 24 Wellington Square
Ayr
Ayrshire
KA7 1EZ





REGISTERED NUMBER: SC592313 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)

STATEMENT OF FINANCIAL POSITION
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 975 1,050
Tangible assets 5 14,417 15,180
15,392 16,230

CURRENT ASSETS
Debtors 6 2,168 1,110
Cash at bank and in hand 1,632 1,050
3,800 2,160
CREDITORS
Amounts falling due within one year 7 3,116 1,534
NET CURRENT ASSETS 684 626
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,076

16,856

CREDITORS
Amounts falling due after more than one
year

8

(999

)

(1,100

)

PROVISIONS FOR LIABILITIES (2,739 ) (3,795 )
NET ASSETS 12,338 11,961

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 12,238 11,861
SHAREHOLDERS' FUNDS 12,338 11,961

THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





Miss L Marr - Director


THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

The Music Spot (Ayrshire) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

Turnover
Turnover is measure at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is Provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 6.66% Straight Line

THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 1,500
AMORTISATION
At 1 April 2024 450
Charge for year 75
At 31 March 2025 525
NET BOOK VALUE
At 31 March 2025 975
At 31 March 2024 1,050

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2024 21,084
Additions 687
At 31 March 2025 21,771
DEPRECIATION
At 1 April 2024 5,904
Charge for year 1,450
At 31 March 2025 7,354
NET BOOK VALUE
At 31 March 2025 14,417
At 31 March 2024 15,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 2,168 1,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,979 1,530
Other creditors 137 4
3,116 1,534

THE MUSIC SPOT (AYRSHIRE) LTD (REGISTERED NUMBER: SC592313)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 999 1,100

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2024 11,861
Profit for the year 10,877
Dividends (10,500 )
At 31 March 2025 12,238