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REGISTERED NUMBER: 05493018 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE STORE FOR MUSIC LTD
THE STORE FOR MUSIC LTD (REGISTERED NUMBER: 05493018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE STORE FOR MUSIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: B Adams
T Adams





REGISTERED OFFICE: Hatch Farm Studio
Unit 16
Hatch Farm Chertsey Road
Addlestone Moor
Surrey
KT15 2EH





REGISTERED NUMBER: 05493018 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN
Page 1
THE STORE FOR MUSIC LTD (REGISTERED NUMBER: 05493018)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 40,152 44,406
Investments 6 286,750 325,000
326,903 369,407

CURRENT ASSETS
Debtors 7 118,704 97,909
Cash at bank 899,740 1,261,334
1,018,444 1,359,243
CREDITORS
Amounts falling due within one year 8 105,998 535,746
NET CURRENT ASSETS 912,446 823,497
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,239,349
1,192,904

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,239,249 1,192,804
SHAREHOLDERS' FUNDS 1,239,349 1,192,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The notes form part of these financial statements

Page 2 continued...
THE STORE FOR MUSIC LTD (REGISTERED NUMBER: 05493018)

BALANCE SHEET - continued
31 DECEMBER 2024



The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:





B Adams - Director


The notes form part of these financial statements

Page 3
THE STORE FOR MUSIC LTD (REGISTERED NUMBER: 05493018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

The Store For Music 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Licence's
Licence's are amortised on a straight line basis over period of licence

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 etc - 33% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Page 4 continued...
THE STORE FOR MUSIC LTD (REGISTERED NUMBER: 05493018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024
and 31 December 2024 154,834
AMORTISATION
At 1 January 2024
and 31 December 2024 154,833
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 59,275
DEPRECIATION
At 1 January 2024 14,869
Charge for year 4,254
At 31 December 2024 19,123
NET BOOK VALUE
At 31 December 2024 40,152
At 31 December 2023 44,406

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2024 325,000
Revaluations (38,250 )
At 31 December 2024 286,750
NET BOOK VALUE
At 31 December 2024 286,750
At 31 December 2023 325,000

Page 5 continued...
THE STORE FOR MUSIC LTD (REGISTERED NUMBER: 05493018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2019 325,000
Valuation in 2024 (38,250 )
286,750

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 118,704 97,909

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 91,792 325,815
Other creditors 14,206 209,931
105,998 535,746

Page 6