REGISTERED NUMBER: 04877152 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Talon Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Cunningham

C Barnes

SECRETARY:

P Cunningham

REGISTERED OFFICE:

1 Willow Park

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

REGISTERED NUMBER:

04877152 (England and Wales)

ACCOUNTANTS:

Geoff Cowley & Co Ltd

Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

FIXED ASSETS

Tangible assets

4

49,652

35,123

CURRENT ASSETS

Debtors

5

1,931

1,926

Cash at bank and in hand

149,022

116,578

150,953

118,504

CREDITORS

Amounts falling due within one year

6

106,987

99,055

NET CURRENT ASSETS

43,966

19,449

TOTAL ASSETS LESS CURRENT LIABILITIES

93,618

54,572

CREDITORS

Amounts falling due after more than one year

7

(20,192

)

(30,020

)

PROVISIONS FOR LIABILITIES

(6,059

)

(13,604

)

NET ASSETS

67,367

10,948

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

66,967

10,548

SHAREHOLDERS' FUNDS

67,367

10,948

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

P Cunningham - Director

C Barnes - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Instruments & Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Instruments

Motor

& Equipment

vehicles

Totals

£

£

£

COST

At 1 April 2024

166,146

16,868

183,014

Additions

13,330

11,690

25,020

At 31 March 2025

179,476

28,558

208,034

DEPRECIATION

At 1 April 2024

134,025

13,866

147,891

Charge for year

6,818

3,673

10,491

At 31 March 2025

140,843

17,539

158,382

NET BOOK VALUE

At 31 March 2025

38,633

11,019

49,652

At 31 March 2024

32,121

3,002

35,123

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

1,931

1,926

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

41,704

25,812

Other creditors

65,283

73,243

106,987

99,055

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

20,192

30,020