The Last Music Company Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 09709496

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	85,559		67,423
Debtors	5	49,390		22,154
Cash at bank and in hand		9,343		28,247

		144,292		117,824
Creditors: Amounts Falling Due Within One Year	6	(184,835 )		(109,446 )

NET CURRENT ASSETS (LIABILITIES)			(40,543 )		8,378

TOTAL ASSETS LESS CURRENT LIABILITIES			(40,543 )		8,378

NET (LIABILITIES)/ASSETS			(40,543 )		8,378

CAPITAL AND RESERVES
Called up share capital	7		100		4
Profit and Loss Account			(40,643 )		8,374

SHAREHOLDERS' FUNDS			(40,543)		8,378

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Malcolm Mills

Director

27/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

The Last Music Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09709496 . The registered office is Unit 2, 2 Thayers Farm Road, Beckenham, Kent, BR3 4LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Stocks

	2025	2024
	£	£
Finished goods	85,559	67,423

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	34,271	7,535
Other debtors	15,119	14,619

	49,390	22,154

Page 2

Page 3

The Last Music Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	29,973	14,558
Other creditors	153,531	92,470
Taxation and social security	1,331	2,418

	184,835	109,446

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	4


Shares issued during the period:	£
96 Ordinary Shares of £ 1.00 each	96