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COMPANY REGISTRATION NUMBER: 05390535

LAB Music Limited

Filleted Unaudited Financial Statements

30 April 2025

LAB Music Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Stocks | 107,500 |  | 95,250
Debtors | 6 | – |  | 892
Cash at bank and in hand | 33,519 |  | 37,679
| --------- |  | ---------
| 141,019 |  | 133,821

Creditors: amounts falling due within one year | 7 | 86,611 |  | 84,439
| --------- |  | ---------
Net current assets |  | 54,408 | 49,382
|  | -------- | --------
Total assets less current liabilities |  | 54,408 | 49,382
|  | -------- | --------
Net assets |  | 54,408 | 49,382
|  | -------- | --------

Capital and reserves

Called up share capital |  | 2 | 2
Profit and loss account |  | 54,406 | 49,380
|  | -------- | --------
Shareholders funds |  | 54,408 | 49,382
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr D Prendergast | Mr A Burroughs
Director | Director

Company registration number: 05390535

LAB Music Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Office Equipment | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).
5. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 May 2024 and 30 April 2025 | 9,208 | 9,208
| ------- | -------
Depreciation |  |
At 1 May 2024 and 30 April 2025 | 9,208 | 9,208
| ------- | -------
Carrying amount |  |
At 30 April 2025 | – | –
| ------- | -------
At 30 April 2024 | – | –
| ------- | -------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | – | 892
| ---- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 6,999 | 8,221
Corporation tax | 4,463 | 6,122
Social security and other taxes | 2,443 | 4,222
Other creditors | 72,706 | 65,874
| -------- | --------
| 86,611 | 84,439
| -------- | --------