Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 false true 2024-02-01 false 1 2 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04055994 2024-02-01 2025-01-31 04055994 2023-02-01 2024-01-31 04055994 2025-01-31 04055994 2024-01-31 04055994 1 2024-02-01 2025-01-31 04055994 d:Director1 2024-02-01 2025-01-31 04055994 c:PlantMachinery 2024-02-01 2025-01-31 04055994 c:PlantMachinery 2025-01-31 04055994 c:PlantMachinery 2024-01-31 04055994 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04055994 c:CurrentFinancialInstruments 2025-01-31 04055994 c:CurrentFinancialInstruments 2024-01-31 04055994 c:CurrentFinancialInstruments c:WithinOneYear 2025-01-31 04055994 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 04055994 c:ShareCapital 2025-01-31 04055994 c:ShareCapital 2024-01-31 04055994 c:RetainedEarningsAccumulatedLosses 2025-01-31 04055994 c:RetainedEarningsAccumulatedLosses 2024-01-31 04055994 d:OrdinaryShareClass1 2024-02-01 2025-01-31 04055994 d:OrdinaryShareClass1 2025-01-31 04055994 d:FRS102 2024-02-01 2025-01-31 04055994 d:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04055994 d:AbridgedAccounts 2024-02-01 2025-01-31 04055994 d:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04055994 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04055994 ESSENCE RECORDS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
ESSENCE RECORDS LTD REGISTERED NUMBER: 04055994 BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets |  |  | 4,134 |  | 3,250
|  |  | 4,134 |  | 3,250
Current assets |  |  |  |  |
Cash at bank and in hand | 5 | 32,035 |  | 44,222 |
|  | 32,035 |  | 44,222 |
Creditors: amounts falling due within one year | 6 | (13,076) |  | (7,125) |
Net current assets |  |  | 18,959 |  | 37,097
Total assets less current liabilities |  |  | 23,093 |  | 40,347
Net assets |  |  | 23,093 |  | 40,347
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 2 |  | 2
Profit and loss account |  |  | 23,091 |  | 40,345
|  |  | 23,093 |  | 40,347
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 October 2025.
___________________________ P D Cheeseman
Director
ESSENCE RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Essence Records Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Trevelyan Gardens, London, NW10 3JY. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
| 2.3 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 15% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
ESSENCE RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 2).
4. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 February 2024 | 17,468
| Additions | 1,513
| At 31 January 2025 | 18,981
| Depreciation |
| At 1 February 2024 | 14,218
| Charge for the year on owned assets | 629
| At 31 January 2025 | 14,847
| Net book value |
| At 31 January 2025 | 4,134
| At 31 January 2024 | 3,250
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 32,035 | 44,222
|  | 32,035 | 44,222
ESSENCE RECORDS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 720 | 619
| Corporation tax | 2,079 | 1,237
| VAT payable | 115 | 567
| Directors' current account | 9,562 | 3,502
| Accruals | 600 | 1,200
|  | 13,076 | 7,125
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 Ordinary shares of £1.00 each | 2 | 2
8. | Profit and loss reserves
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| At the beginning of the year | 40,345 | 35,216
| Dividends paid in the year | (27,000) | (1,980)
| Profit (loss) for the year | 9,746 | 7,109
| At the end of the year | 23,091 | 40,345
9. | Post balance sheet events
There were no events since the year end which materially affected the company.
10. | Controlling party
The ultimate controlling party is P D Cheeseman.