Company Registration No. SC449843 (Scotland)
HEXVILLE MUSIC LTD
Unaudited accounts
for the year ended 31 March 2025
HEXVILLE MUSIC LTD
Unaudited accounts
Contents
HEXVILLE MUSIC LTD
Company Information
for the year ended 31 March 2025
Directors
Donald Shaw
Karen Matheson
Company Number
SC449843 (Scotland)
Registered Office
FLAT 6
16 WOODLANDS TERRACE
GLASGOW
G3 6DF
Accountants
brand jamieson co
2 Victoria Place
Rutherglen
Glasgow
G73 2JP
HEXVILLE MUSIC LTD
Statement of financial position
as at 31 March 2025
Tangible assets
10,975
12,911
Cash at bank and in hand
55,207
36,152
Creditors: amounts falling due within one year
(46,404)
(35,081)
Net current assets
177,181
174,495
Total assets less current liabilities
188,156
187,406
Creditors: amounts falling due after more than one year
(3,971)
(8,789)
Net assets
184,185
178,617
Called up share capital
20
20
Profit and loss account
184,165
178,597
Shareholders' funds
184,185
178,617
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by
Karen Matheson
Director
Company Registration No. SC449843
HEXVILLE MUSIC LTD
Notes to the Accounts
for the year ended 31 March 2025
HEXVILLE MUSIC LTD is a private company, limited by shares, registered in Scotland, registration number SC449843. The registered office is FLAT 6, 16 WOODLANDS TERRACE, GLASGOW, G3 6DF.
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.
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
15% reducing balance.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
1,149
13,195
Amounts due from group undertakings etc.
148,229
141,229
HEXVILLE MUSIC LTD
Notes to the Accounts
for the year ended 31 March 2025
6
Investments held as current assets
2025
2024
Unlisted investments
19,000
19,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,800
4,600
Taxes and social security
19,250
11,122
Loans from directors
2,165
1,388
8
Creditors: amounts falling due after more than one year
2025
2024
9
Transactions with related parties
Dividends of £60,000 (2024 £62,000) were paid to the Directors.
Control of the company is shared equally between the two directors.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).