1 January 2024 false No description of principal activity Taxfiler 2024.6 10954024business:PrivateLimitedCompanyLtd2024-01-012024-12-31 109540242023-12-31 109540242024-01-012024-12-31 10954024business:AuditExemptWithAccountantsReport2024-01-012024-12-31 10954024business:FilletedAccounts2024-01-012024-12-31 109540242024-12-31 10954024business:Director12024-01-012024-12-31 10954024business:RegisteredOffice2024-01-012024-12-31 109540242023-12-31 10954024core:WithinOneYear2024-12-31 10954024core:WithinOneYear2023-12-31 10954024core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 10954024core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10954024core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 10954024core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10954024core:PreviouslyStatedAmount2024-12-31 10954024core:PreviouslyStatedAmount2023-12-31 10954024business:SmallEntities2024-01-012024-12-31 10954024countries:EnglandWales2024-01-012024-12-31 10954024core:PlantMachinery2024-01-012024-12-31 10954024core:Goodwill2023-12-31 10954024core:Goodwill2024-12-31 10954024core:Goodwill2024-01-012024-12-31 10954024core:PlantMachinery2023-12-31 10954024core:ComputerEquipment2023-12-31 10954024core:PlantMachinery2024-12-31 10954024core:ComputerEquipment2024-12-31 10954024core:ComputerEquipment2024-01-012024-12-31 109540242023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10954024 (England and Wales)
Discassette Music Folders Ltd Unaudited accounts for the year ended 31 December 2024
Discassette Music Folders Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Discassette Music Folders Ltd Company Information for the year ended 31 December 2024
Director
Michael Arthur Anderson-Brown
Company Number
10954024 (England and Wales)
Registered Office
17B HIGH STREET LITTLE PAXTON PE19 6HA UNITED KINGDOM
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Discassette Music Folders Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
4,000 
5,500 
Tangible assets
5
3,794 
5,058 
7,794 
10,558 
Current assets
Inventories
4,878 
4,757 
Debtors
6
1,552 
630 
Cash at bank and in hand
7,311 
3,609 
13,741 
8,996 
Creditors: amounts falling due within one year
7
(28,868)
(27,646)
Net current liabilities
(15,127)
(18,650)
Total assets less current liabilities
(7,333)
(8,092)
Provisions for liabilities
Deferred tax
(721)
(961)
Net liabilities
(8,054)
(9,053)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(8,055)
(9,054)
Shareholders' funds
(8,054)
(9,053)
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 July 2025 and were signed on its behalf by
Michael Arthur Anderson-Brown Director Company Registration No. 10954024
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Discassette Music Folders Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Discassette Music Folders Ltd is a private company, limited by shares, registered in England and Wales, registration number 10954024. The registered office is 17B HIGH STREET, LITTLE PAXTON, PE19 6HA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
15,000 
At 31 December 2024
15,000 
Amortisation
At 1 January 2024
9,500 
Charge for the year
1,500 
At 31 December 2024
11,000 
Net book value
At 31 December 2024
4,000 
At 31 December 2023
5,500 
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Discassette Music Folders Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
10,483 
1,500 
11,983 
At 31 December 2024
10,483 
1,500 
11,983 
Depreciation
At 1 January 2024
5,426 
1,499 
6,925 
Charge for the year
1,264 
- 
1,264 
At 31 December 2024
6,690 
1,499 
8,189 
Net book value
At 31 December 2024
3,793 
1 
3,794 
At 31 December 2023
5,057 
1 
5,058 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,552 
630 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,238 
2,062 
Loans from directors
26,704 
24,702 
Accruals
926 
882 
28,868 
27,646 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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