Counterpoint Musical Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04676238 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Counterpoint Musical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S P Leach

Mrs H Leach

SECRETARY:

Mrs H Leach

REGISTERED OFFICE:

12 Hare Court

Todmorden

OL14 8DQ

REGISTERED NUMBER:

04676238 (England and Wales)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Tangible assets

4

11,577

15,690

CURRENT ASSETS

Debtors

5

3,203

-

Cash at bank

4,001

4,015

7,204

4,015

CREDITORS

Amounts falling due within one year

6

16,481

12,169

NET CURRENT LIABILITIES

(9,277

)

(8,154

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,300

7,536

PROVISIONS FOR LIABILITIES

7

2,200

2,981

NET ASSETS

100

4,555

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

-

4,455

SHAREHOLDERS' FUNDS

100

4,555

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 December 2025 and were signed on its behalf by:

Mr S P Leach - Director

1.	STATUTORY INFORMATION

Counterpoint Musical Services 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 stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery

-

15% per annum

Computer equipment

-

20% per annum

Fixtures and fittings

-

20% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

29,773

50

3,099

32,922

Additions

-

490

Disposals

(14,558

)

-

(2,797

)

(17,355

)

At 31 March 2025

15,215

50

792

16,057

DEPRECIATION

At 1 April 2024

15,256

30

1,946

17,232

Charge for year

1,940

10

158

2,108

Eliminated on disposal

(12,974

)

-

(1,886

)

(14,860

)

At 31 March 2025

4,222

40

218

4,480

NET BOOK VALUE

At 31 March 2025

10,993

10

574

11,577

At 31 March 2024

14,517

20

1,153

15,690

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

313

-

Other debtors

2,890

-

3,203

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

-

959

Taxation and social security

14,561

9,362

Other creditors

1,920

1,848

16,481

12,169

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

2,200

2,981

Deferred

tax

£

Balance at 1 April 2024

2,981

Provided during year

(781

)

Balance at 31 March 2025

2,200

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

4,455

Profit for the year

51,332

Dividends

(55,787

)

At 31 March 2025

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

Mr S P Leach

Balance outstanding at start of year

-

Amounts advanced

56,755

-

Amounts repaid

(58,200

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,445

)

-

Mrs H Leach

Balance outstanding at start of year

-

Amounts advanced

51,362

-

Amounts repaid

(52,807

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,445

)

-

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £55,787 (2024 - £45,194) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.