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REGISTERED NUMBER: 13742620 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

DK Music Business Academy Ltd

DK Music Business Academy Ltd (Registered number: 13742620)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DK Music Business Academy Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R D Keyes
G P Keyes





REGISTERED OFFICE: Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA





REGISTERED NUMBER: 13742620 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

DK Music Business Academy Ltd (Registered number: 13742620)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,331 10,395
Tangible assets 5 29,889 26,378
40,220 36,773

CURRENT ASSETS
Debtors 6 732 31,480
Cash at bank and in hand 255,236 247,873
255,968 279,353
CREDITORS
Amounts falling due within one year 7 122,113 72,130
NET CURRENT ASSETS 133,855 207,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,075

243,996

PROVISIONS FOR LIABILITIES 7,472 6,594
NET ASSETS 166,603 237,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,503 237,302
SHAREHOLDERS' FUNDS 166,603 237,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DK Music Business Academy Ltd (Registered number: 13742620)

Balance Sheet - continued
30 November 2024


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 Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





R D Keyes - Director


DK Music Business Academy Ltd (Registered number: 13742620)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

DK Music Business Academy Ltd is a private company, limited by shares , registered in England and Wales. 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.

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

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.

Website are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

DK Music Business Academy Ltd (Registered number: 13742620)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 December 2023 13,650
Additions 2,749
At 30 November 2024 16,399
AMORTISATION
At 1 December 2023 3,255
Amortisation for year 2,813
At 30 November 2024 6,068
NET BOOK VALUE
At 30 November 2024 10,331
At 30 November 2023 10,395

5. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 December 2023 14,011 11,312 9,296 34,619
Additions 8,232 229 2,933 11,394
At 30 November 2024 22,243 11,541 12,229 46,013
DEPRECIATION
At 1 December 2023 3,490 3,452 1,299 8,241
Charge for year 3,607 1,979 2,297 7,883
At 30 November 2024 7,097 5,431 3,596 16,124
NET BOOK VALUE
At 30 November 2024 15,146 6,110 8,633 29,889
At 30 November 2023 10,521 7,860 7,997 26,378

DK Music Business Academy Ltd (Registered number: 13742620)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 732 31,480

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 233 1,791
Taxation and social security 46,173 68,877
Other creditors 75,707 1,462
122,113 72,130

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.