Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08809810 Philip Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08809810 2023-12-31 08809810 2024-12-31 08809810 2024-01-01 2024-12-31 08809810 frs-core:CurrentFinancialInstruments 2024-12-31 08809810 frs-core:ComputerEquipment 2024-12-31 08809810 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08809810 frs-core:ComputerEquipment 2023-12-31 08809810 frs-core:FurnitureFittings 2024-12-31 08809810 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08809810 frs-core:FurnitureFittings 2023-12-31 08809810 frs-core:MotorVehicles 2024-12-31 08809810 frs-core:MotorVehicles 2024-01-01 2024-12-31 08809810 frs-core:MotorVehicles 2023-12-31 08809810 frs-core:ShareCapital 2024-12-31 08809810 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08809810 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08809810 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08809810 frs-bus:SmallEntities 2024-01-01 2024-12-31 08809810 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08809810 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08809810 frs-bus:Director1 2024-01-01 2024-12-31 08809810 frs-countries:EnglandWales 2024-01-01 2024-12-31 08809810 2022-12-31 08809810 2023-12-31 08809810 2023-01-01 2023-12-31 08809810 frs-core:CurrentFinancialInstruments 2023-12-31 08809810 frs-core:ShareCapital 2023-12-31 08809810 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08809810
Philip Adams Music Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08809810
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,068 82,434
19,068 82,434
CURRENT ASSETS
Trade and other receivables 5 39,415 86,827
Cash and cash equivalents 1,651,189 1,534,229
1,690,604 1,621,056
Creditors: Amounts Falling Due Within One Year 6 (129,976 ) (197,484 )
NET CURRENT ASSETS (LIABILITIES) 1,560,628 1,423,572
TOTAL ASSETS LESS CURRENT LIABILITIES 1,579,696 1,506,006
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,376 ) (20,609 )
NET ASSETS 1,554,320 1,485,397
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,554,220 1,485,297
SHAREHOLDERS' FUNDS 1,554,320 1,485,397
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Philip Adams
Director
19 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Philip Adams Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08809810 . The registered office is 11 Upper Lattimore Road, St Albans, Hertfordshire, AL1 3UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.  The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Statement of Income and Retained Earnings.
2.2. Turnover
Turnover represents the value of goods and services received or receivable, including an estimate of the value of work done not yet invoiced, excluding Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles 5 years, straight line
Plant and machinery 3 years, straight line
Computer equipment 3 years, straight line
2.4. Financial Instruments
The company uses only basic financial instruments. Debtors and creditors are valued at transaction cost.  
2.5. Foreign Currencies
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of transaction. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the statement of income and retained earnings.
2.6. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
2.7. Pensions
The company operates a defined pension contribution scheme.The pension charge respresents the amounts payable by the company to the fund in respect of the year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Motor vehicles Plant and machinery Computer equipment Total
£ £ £ £
Cost
As at 1 January 2024 46,438 233,619 11,828 291,885
Additions - 18,657 1,951 20,608
Disposals - (251,536 ) (13,779 ) (265,315 )
As at 31 December 2024 46,438 740 - 47,178
Depreciation
As at 1 January 2024 18,576 183,522 7,353 209,451
Provided during the period 9,287 40,103 4,592 53,982
Disposals - (223,378 ) (11,945 ) (235,323 )
As at 31 December 2024 27,863 247 - 28,110
Net Book Value
As at 31 December 2024 18,575 493 - 19,068
As at 1 January 2024 27,862 50,097 4,475 82,434
5. Trade and other receivables
2024 2023
£ £
Due within one year
Trade debtors 14,371 42,216
Other debtors 25,044 44,611
39,415 86,827
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 20,198 21,116
Taxation and social security 109,778 176,368
129,976 197,484
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3