REGISTERED NUMBER: 09527180 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Skeptical Music UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A C Tindall

REGISTERED OFFICE:

Second Floor

2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

REGISTERED NUMBER:

09527180 (England and Wales)

ACCOUNTANTS:

D and E Accountancy Ltd

Tax Advisors and Accountants

2nd Floor, 2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

FIXED ASSETS

Tangible assets

4

7,428

9,405

CURRENT ASSETS

Stocks

3,484

3,344

Debtors

5

1,041

1,541

Cash at bank

433

1,790

4,958

6,675

CREDITORS

Amounts falling due within one year

6

7,775

7,640

NET CURRENT LIABILITIES

(2,817

)

(965

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,611

8,440

PROVISIONS FOR LIABILITIES

7

1,411

1,788

NET ASSETS

3,200

6,652

RESERVES

Retained earnings

3,200

6,652

SHAREHOLDERS' FUNDS

3,200

6,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 January 2026 and were signed by:

A C Tindall - Director

1.	STATUTORY INFORMATION

Skeptical Music UK Ltd 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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2024

10,982

19,498

30,480

Additions

504

-

504

At 30 April 2025

11,486

19,498

30,984

DEPRECIATION

At 1 May 2024

7,007

14,068

21,075

Charge for year

671

1,810

2,481

At 30 April 2025

7,678

15,878

23,556

NET BOOK VALUE

At 30 April 2025

3,808

3,620

7,428

At 30 April 2024

3,975

5,430

9,405

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,041

1,541

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

435

1,304

Tax

3,940

4,685

Directors' current accounts

659

85

Accrued expenses

2,741

1,566

7,775

7,640

7.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

1,411

1,788

Deferred

tax

£

Balance at 1 May 2024

1,788

Credit to Income Statement during year

(377

)

Balance at 30 April 2025

1,411

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A C Tindall.