Company registration number 00957980 (England and Wales)
MAWSON & WAREHAM (MUSIC) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MAWSON & WAREHAM (MUSIC) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MAWSON & WAREHAM (MUSIC) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,342
16,919
Tangible assets
4
6,529
7,579
7,871
24,498
Current assets
Stocks
36,510
35,245
Debtors
5
585
481
Cash at bank and in hand
18,101
12,878
55,196
48,604
Creditors: amounts falling due within one year
6
(144,125)
(144,378)
Net current liabilities
(88,929)
(95,774)
Net liabilities
(81,058)
(71,276)
Capital and reserves
Called up share capital
6,450
6,450
Profit and loss reserves
(87,508)
(77,726)
Total equity
(81,058)
(71,276)

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
Mrs HC Mawson
Director
Company registration number 00957980 (England and Wales)
MAWSON & WAREHAM (MUSIC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Mawson & Wareham (Music) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 West Park Road, Saltwell, Gateshead, Tyne and Wear, NE8 4SP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of compact discs and digital versatile discs, excluding value added tax.

1.3
Intangible fixed assets

Intangible assets are initially recognised at cost and subsequently measured at cost less accumulated amortisation and any accumulated impairment losses.

CD and DVD Master Recordings

The masters of the CD and DVD recordings of artistic productions, associated advertising and setup costs are amortised over the shorter of the expected commercial life of the recording or five years on a straight line basis.

1.4
Tangible fixed assets

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

Improvements to property
10% on reducing balance
Plant and machinery
20% on reducing balance
Fixtures and fittings
15% on reducing balance
1.5
Stocks

Stocks comprise of CDs, DVDs and song books held for resale and are valued at the lower of cost and net realisable value. Costs are the costs including overheads to produce these items.

1.6
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.

MAWSON & WAREHAM (MUSIC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Intangible fixed assets
Other
£
Cost
At 1 July 2024 and 30 June 2025
1,186,317
Amortisation and impairment
At 1 July 2024
1,169,398
Amortisation charged for the year
15,577
At 30 June 2025
1,184,975
Carrying amount
At 30 June 2025
1,342
At 30 June 2024
16,919
MAWSON & WAREHAM (MUSIC) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
4
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 July 2024 and 30 June 2025
24,609
34,453
15,830
74,892
Depreciation and impairment
At 1 July 2024
20,296
31,284
15,733
67,313
Depreciation charged in the year
430
604
16
1,050
At 30 June 2025
20,726
31,888
15,749
68,363
Carrying amount
At 30 June 2025
3,883
2,565
81
6,529
At 30 June 2024
4,313
3,169
97
7,579
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
442
372
Prepayments and accrued income
143
109
585
481
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,219
2,258
Taxation and social security
325
697
Other creditors
139,006
138,963
Accruals and deferred income
1,575
2,460
144,125
144,378
2025-06-30 2024-07-01 false false false 12 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr B Mawson NLA Mrs H C Mawson Mrs HC Mawson 00957980 2024-07-01 2025-06-30 00957980 2025-06-30 00957980 2024-06-30 00957980 core:IntangibleAssetsOtherThanGoodwill 2025-06-30 00957980 core:IntangibleAssetsOtherThanGoodwill 2024-06-30 00957980 core:LeaseholdImprovements 2025-06-30 00957980 core:PlantMachinery 2025-06-30 00957980 core:FurnitureFittings 2025-06-30 00957980 core:LeaseholdImprovements 2024-06-30 00957980 core:PlantMachinery 2024-06-30 00957980 core:FurnitureFittings 2024-06-30 00957980 core:CurrentFinancialInstruments 2025-06-30 00957980 core:CurrentFinancialInstruments 2024-06-30 00957980 core:ShareCapital 2025-06-30 00957980 core:ShareCapital 2024-06-30 00957980 core:RetainedEarningsAccumulatedLosses 2025-06-30 00957980 core:RetainedEarningsAccumulatedLosses 2024-06-30 00957980 bus:CompanySecretaryDirector1 2024-07-01 2025-06-30 00957980 core:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-06-30 00957980 core:LeaseholdImprovements 2024-07-01 2025-06-30 00957980 core:PlantMachinery 2024-07-01 2025-06-30 00957980 core:FurnitureFittings 2024-07-01 2025-06-30 00957980 2023-07-01 2024-06-30 00957980 core:IntangibleAssetsOtherThanGoodwill 2024-06-30 00957980 core:LeaseholdImprovements 2024-06-30 00957980 core:PlantMachinery 2024-06-30 00957980 core:FurnitureFittings 2024-06-30 00957980 2024-06-30 00957980 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 00957980 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 00957980 bus:FRS102 2024-07-01 2025-06-30 00957980 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 00957980 bus:Director1 2024-07-01 2025-06-30 00957980 bus:Director2 2024-07-01 2025-06-30 00957980 bus:CompanySecretary1 2024-07-01 2025-06-30 00957980 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP