ACCOUNTS - Final Accounts preparation

Registered number: SC065462

BONSKEID MUSIC LTD.

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

BONSKEID MUSIC LTD.

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 6

BONSKEID MUSIC LTD.

REGISTERED NUMBER: SC065462

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		266		355
			266		355
Current assets
Stocks		2,757		2,757
Debtors: amounts falling due after more than one year		43,125		58,125
Debtors due within 1 year		49,194		28,263
Cash at bank and in hand		3,326		8,645
		98,402		97,790
Creditors	6	(1,794)		(1,710)
Net current assets			96,608		96,080
Total assets less current liabilities			96,874		96,435

Net assets			96,874		96,435

Capital and reserves
Called up share capital	100	100
Profit and loss account	96,774	96,335
	96,874	96,435

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 May 2026.

Page 1

BONSKEID MUSIC LTD.

REGISTERED NUMBER: SC065462

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

Mr G F Barbour

Director

The notes on pages 3 to 6 form part of these financial statements.

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BONSKEID MUSIC LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	Company information

Bonskeid Music Ltd. is a private company limited by shares incorporated in Scotland. The registered office is Fincastle Pitlochry, Perthshire, PH16 5RJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Turnover

Turnover represents amounts receivable for goods and services.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	25%	reducing balance
				Fixtures and fittings	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value.

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BONSKEID MUSIC LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4

BONSKEID MUSIC LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 October 2024	4,922	579	5,501
At 30 September 2025	4,922	579	5,501
Depreciation
At 1 October 2024	4,574	572	5,146
Charge for the year on owned assets	87	2	89
At 30 September 2025	4,661	574	5,235
Net book value
At 30 September 2025	261	5	266
At 30 September 2024	348	7	355

Debtors

					2025	2024
					£	£



Trade debtors	2,687	2,687
Other debtors	46,507	25,576
Amounts recoverable on long-term contracts	43,125	58,125
	92,319	86,388

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Accruals and deferred income	1,794	1,710
	1,794	1,710

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BONSKEID MUSIC LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares shares of £1.00 each	100	100

8.	Directors' transactions
		%	Opening balance	Amounts advanced	Closing balance
		Rate	£	£	£

	Loan	2	3,082	20,930	24,012
		2	3,082	20,930	24,012

9.	Related party transactions
	The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

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