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.

At 31 March 2024 the company has net current liabilities of £91,361 (2024: £87,508) and net liabilities of £88,687 (2024: £83,943). The accounts have been prepared on a going concern basis, as the director, who is the company's main provider of business finance, has guaranteed to support the company for at least twelve months after the accounts approval date.

Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Stocks represent unsold music CD's as at the year-end which are valued at original production cost.