Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet

As at 31 October 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 October 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  DEPRECIATION Depreciation has been provided in the following Rates, in order to Write Off the Cost less Estimated Residual Value of Each Assets Over its Estimated Useful Life: MUSIC EQUIPMENT - 40% STRAIGHT LINE COMPUTER EQUIPMENT - 40% STRAIGHT LINE FILM EQUIPMENT - 40% STRAIGHT LINE OFFICE EQUIPMENT - 10% STRAIGHT LINE MOBILE SOUND SYSTEM - 30% STRAIGHT LINE

  Other accounting policies

  IMPAIRMENT OF ASSETS At each Reporting Date, the Company Reviews the Carrying Value of its Assets to Determine whether there is any indication that these Assets have suffered Impairment Loss. If any such indication exists the Recoverable Amount of the Asset is Estimated in order to Determine the Extent of the Impairment Loss. The Recoverable Amount of an Asset is the Higher of Fair Value Less Costs to Sell and Value in Use. Value in Use is the Present Value of the Future Cash Flows Expected to be derived from the Asset, or Cash Generating Unit. The Present Value Calculation involves Estimating the Future Cash Inflows & Outflows to be derived from Continuing Use of the Asset and from its Ultimate Disposal, applying an appropriate Discount Rate to those Future Cash Flows. Where the Recoverable Amount of an Asset is Less than the Carrying Amount, an Impairment Loss is Recognised immediately in the Profit or Loss. An Impairment Loss Recognised for All Assets is Reversed in a subsequent Period, only if, the Reasons for the Impairment Loss have Ceased to Apply. Impairment Losses are Charged to Profit or Loss in Administration Expenses. SET OUT BELOW IS A SUMMARY OF THE PRINCIPLE ACCOUNTING POLICIES, ALL OF WHICH HAVE BEEN APPLIED CONSISTENTLY, EXCEPT AS OTHERWISE STATED. SIGNIFICANT JUDGEMENTS & ESTIMATES In Applying the Company's Accounting Policies, the Directors are required to make Judgements, Estimates and Assumptions in determining the Carrying Amounts of Assets & Liabilities, The Directors Judgements, Estimations & Assumptions are based on the best and most reliable evidence available at the time when the decisions are made and are based on Historical Experience and other factors that are considered to be applicable. Due to the inherent subjectively involved in making such Judgements, Estimates & Assumptions, the Actual Results and Outcomes may differ. The Estimates & underlying Assumptions are Reviewed on an Ongoing Basis. Revisions to Accounting Estimates are Recognised in the Period in which the Estimate is Revised, if the Revision Affects only that Period, or in the Period of the Revision and Future Periods, if the Revision Affects both Current & Future Periods. CRITICAL JUDGEMENTS IN APPLYING THE COMPANY'S ACCOUNTING POLICIES The Critical Judgement that the Director has made, in the process of applying the Company's Accounting Policies, that have the most Significant Effect, on the Amounts Recognised in the Statutory Financial Statements, are Detailed Below: KEY SOURCES OF ESTIMATION UNCERTAINTY The Key Assumptions concerning the Future and Other Key Sources of Estimation Uncertainty that have a Significant Risk of Causing Material Adjustment to the Carrying Amounts of Assets & Liabilities within the Next Financial Year are Detailed Below: DETERMINING RESIDUAL VALUES & USEFUL ECONOMIC LIVES OF EQUIPMENT The Company Depreciates Tangible Fixed Assets Over their Estimated Useful Lives. The Estimation of the Useful Lives is based on Historical Performance, as well as Expectations about Future Use and therefore requires Estimates and Assumptions to be Applied by Management. The Actual Lives of these Assets can Vary Depending on a Variety of Factors, Including; Technological Innovation, Product Life Cycles & Maintenance Programs. Judgement is Applied by Management, when determining the Residual Values for Equipment. When determining the Residual Value, Management aim to Assess the Amount that the Company would Currently obtain for the Disposal of the Assets, if it were already of the Condition Expected at the End of its Useful Economic Life. Where possible this is done with reference to External Market Prices.

Notes to the Financial Statements

for the Period Ended 31 October 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	10	3