Registration number: 5430567

Forte School of Music (Cardiff) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Forte School of Music (Cardiff) Limited

Company Information

Director

Jane Coles

Registered office

4 Radyr Court Shops Danescourt Cardiff CF5 2SF

Accountants

Gapfillers Limited T/A Aims Accountants for Business Chartered CertifiedC12 12 Cathedral Road Cardiff CF11 9LJ

Forte School of Music (Cardiff) Limited

(Registration number: 5430567)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	4,136	3,264
Current assets
Stocks	5	7,340	10,839
Cash at bank and in hand		32,520	55,833
		39,860	66,672
Creditors: Amounts falling due within one year	6	(24,029)	(20,037)
Net current assets		15,831	46,635
Total assets less current liabilities		19,967	49,899
Creditors: Amounts falling due after more than one year	6	(26,803)	(33,506)
Net (liabilities)/assets		(6,836)	16,393
Capital and reserves
Called up share capital		100	100
Retained earnings		(6,936)	16,293
Shareholders' (deficit)/funds		(6,836)	16,393

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

Forte School of Music (Cardiff) Limited

(Registration number: 5430567)
Balance Sheet as at 31 December 2024

......................................... Jane Coles Director

Forte School of Music (Cardiff) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in the UK.

The address of its registered office is:
4 Radyr Court Shops
Danescourt
Cardiff
CF5 2SF

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of the consideration derived from sales of goods and services. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% of reducing balance
Plant and machinery	25% of reducing balance

Forte School of Music (Cardiff) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 7).

Forte School of Music (Cardiff) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	5,475	31,865	37,340
Additions	-	2,250	2,250
At 31 December 2024	5,475	34,115	39,590
Depreciation
At 1 January 2024	2,396	31,680	34,076
Charge for the year	769	609	1,378
At 31 December 2024	3,165	32,289	35,454
Carrying amount
At 31 December 2024	2,310	1,826	4,136
At 31 December 2023	3,079	185	3,264

5

Stocks

	2024 £	2023 £
Other inventories	7,340	10,839

Forte School of Music (Cardiff) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	7	5,958	5,283
Amounts owed to related parties		475	454
Taxation and social security		7,112	4,922
Other creditors		10,484	9,378
		24,029	20,037
Due after one year
Loans and borrowings	7	26,803	33,506

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	26,803	33,506

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	26,803	33,506

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,958	5,283