Company Registration No. 06797825 (England and Wales)
Sam Young Music Limited
Unaudited accounts
for the year ended 31 January 2025
Sam Young Music Limited
Unaudited accounts
Contents
Sam Young Music Limited
Company Information
for the year ended 31 January 2025
Company Number
06797825 (England and Wales)
Registered Office
164 New Cavendish Street
London
W1W 6YT
United Kingdom
Sam Young Music Limited
Statement of financial position
as at 31 January 2025
Tangible assets
1,030
1,373
Cash at bank and in hand
63,694
125,192
Creditors: amounts falling due within one year
(9,316)
(55,658)
Net current assets
55,458
71,538
Called up share capital
100
100
Profit and loss account
56,388
72,811
Shareholders' funds
56,488
72,911
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
Sammy Young
Director
Company Registration No. 06797825
Sam Young Music Limited
Notes to the Accounts
for the year ended 31 January 2025
Sam Young Music Limited is a private company, limited by shares, registered in England and Wales, registration number 06797825. The registered office is 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of six years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sam Young Music Limited
Notes to the Accounts
for the year ended 31 January 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Sam Young Music Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,691
6,804
Loans from directors
1,211
44,315
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Mr S. Young
Included in other creditors is the amount of £1,211 (2024: £44,315) owed by the company to Mr S. Young, a sole director and 100% shareholder of the company.
During the period interim dividends of £32,000 (2024: £12,000) were paid to the director
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Average number of employees
During the year the average number of employees was 1 (2024: 1).