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REGISTERED NUMBER: 05930012 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

PROZONEMUSIC LTD

PROZONEMUSIC LTD (REGISTERED NUMBER: 05930012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROZONEMUSIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr W J Watson





REGISTERED OFFICE: The Oak House
Paddock Way
Ashley Green
Chesham
Buckinghamshire
HP5 3RE





REGISTERED NUMBER: 05930012 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

PROZONEMUSIC LTD (REGISTERED NUMBER: 05930012)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,120 396

CURRENT ASSETS
Stocks 657,923 602,724
Debtors 5 43,385 60,772
Cash at bank and in hand 122,792 94,134
824,100 757,630
CREDITORS
Amounts falling due within one
year

6

240,016

229,319
NET CURRENT ASSETS 584,084 528,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,204

528,707

PROVISIONS FOR LIABILITIES 780 75
NET ASSETS 586,424 528,632

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 586,404 528,612
586,424 528,632

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

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

The director acknowledges his 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.

PROZONEMUSIC LTD (REGISTERED NUMBER: 05930012)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th June 2025 and were signed by:





Mr W J Watson - Director


PROZONEMUSIC LTD (REGISTERED NUMBER: 05930012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Prozonemusic 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.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 4 (2023 - 4 ) .

PROZONEMUSIC LTD (REGISTERED NUMBER: 05930012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st October 2023 2,831 503 7,079 10,413
Additions - 2,760 439 3,199
At 30th September 2024 2,831 3,263 7,518 13,612
DEPRECIATION
At 1st October 2023 2,796 472 6,749 10,017
Charge for year 9 319 147 475
At 30th September 2024 2,805 791 6,896 10,492
NET BOOK VALUE
At 30th September 2024 26 2,472 622 3,120
At 30th September 2023 35 31 330 396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 29,450 60,029
Other debtors 11,246 534
Prepayments 2,689 209
43,385 60,772

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 98,322 122,396
Amounts owed to group undertakings 40,000 40,000
Corporation tax 26,545 16,572
Social security and other taxes 1,604 -
VAT 11,950 8,851
Other creditors 52,536 23,291
Credit card balances 1,757 1,922
Directors' current accounts 7,302 11,287
Accrued expenses - 5,000
240,016 229,319

7. RELATED PARTY DISCLOSURES

The directors' current account balances included within creditors of £7,302 (2023 - £11,287) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.