Registered number
13791231
MONKFISH MUSIC LTD
Filleted Accounts
31 December 2024
MONKFISH MUSIC LTD
Registered number: 13791231
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 49 65
Current assets
Debtors 4 1,500 -
Cash at bank and in hand 86,254 99,508
87,754 99,508
Creditors: amounts falling due within one year 5 (40,212) (43,345)
Net current assets 47,542 56,163
Net assets 47,591 56,228
Capital and reserves
Called up share capital 2 2
Profit and loss account 47,589 56,226
Shareholders' funds 47,591 56,228
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Joss Peach
Director
Approved by the board on 21 March 2025
MONKFISH MUSIC LTD
Notes to the Accounts
for the year ended 31 December 2024
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 rendering of services. 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:
Instrumetns & 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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 120
At 31 December 2024 120
Depreciation
At 1 January 2024 55
Charge for the year 16
At 31 December 2024 71
Net book value
At 31 December 2024 49
At 31 December 2023 65
4 Debtors 2024 2023
£ £
Other debtors 1,500 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 492 108
Taxation and social security costs 38,701 42,077
Directors' Loan Account 14 142
Other creditors 1,005 1,018
40,212 43,345
6 Other information
MONKFISH MUSIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
13 Hollycraft
East Chiltington
Lewes
East Sussex
BN7 3AZ
MONKFISH MUSIC LTD 13791231 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Joss Peach No description of principal activity 13791231 2023-01-01 2023-12-31 13791231 core:WithinOneYear 2023-12-31 13791231 core:ShareCapital 2023-12-31 13791231 core:RetainedEarningsAccumulatedLosses 2023-12-31 13791231 2024-01-01 2024-12-31 13791231 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13791231 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13791231 bus:Director40 2024-01-01 2024-12-31 13791231 2 2024-01-01 2024-12-31 13791231 core:PlantMachinery 2024-01-01 2024-12-31 13791231 countries:England 2024-01-01 2024-12-31 13791231 bus:FRS102 2024-01-01 2024-12-31 13791231 bus:FilletedAccounts 2024-01-01 2024-12-31 13791231 2024-12-31 13791231 core:WithinOneYear 2024-12-31 13791231 core:ShareCapital 2024-12-31 13791231 core:RetainedEarningsAccumulatedLosses 2024-12-31 13791231 core:PlantMachinery 2024-12-31 13791231 2023-12-31 13791231 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure