REGISTERED NUMBER: 10582289 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

MUSIC AND TRAVEL LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs H J Garnett

P Garnett

REGISTERED OFFICE:

Mount Pleasant

East Hann Lane

Barrow On Humber

East Yorkshire

DN19 7EH

REGISTERED NUMBER:

10582289 (England and Wales)

FIXED ASSETS

Tangible assets

4

952

1,191

CURRENT ASSETS

Debtors

5

3,709

40,538

Cash at bank

72,084

662

75,793

41,200

CREDITORS

Amounts falling due within one year

6

66,982

40,718

NET CURRENT ASSETS

8,811

482

TOTAL ASSETS LESS CURRENT LIABILITIES

9,763

1,673

PROVISIONS FOR LIABILITIES

7

139

226

NET ASSETS

9,624

1,447

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

9,524

1,347

SHAREHOLDERS' FUNDS

9,624

1,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 Statement of Income and Retained Earnings has not been delivered.

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

Mrs H J Garnett - Director

1.	STATUTORY INFORMATION

Music and travel limited 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.

Turnover

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

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st February 2024

and 31st January 2025

2,402

845

3,247

DEPRECIATION

At 1st February 2024

1,489

567

2,056

Charge for year

183

56

239

At 31st January 2025

1,672

623

2,295

NET BOOK VALUE

At 31st January 2025

730

222

952

At 31st January 2024

913

278

1,191

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

-

16,859

Prepayments and accrued income

3,709

23,679

3,709

40,538

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

4,534

1,804

Directors' current accounts

1,378

-

Accruals and deferred income

61,070

38,914

66,982

40,718

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

139

226

Deferred

tax

£

Balance at 1st February 2024

226

Accelerated capital allowances

(87

)

Balance at 31st January 2025

139

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st February 2024

1,347

Profit for the year

19,177

Dividends

(11,000

)

At 31st January 2025

9,524

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

2025

2024

£

£

Mrs H J Garnett and P Garnett

Balance outstanding at start of year

16,859

-

Amounts advanced

-

16,859

Amounts repaid

(16,859

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

16,859

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H J Garnett.