JOSHUA ELLIS MUSIC LTD - Filleted accounts

Registered number

14509387

JOSHUA ELLIS MUSIC LTD

Filleted Accounts

30 November 2025

JOSHUA ELLIS MUSIC LTD
Registered number:		14509387
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		12,607			7,323

Current assets
Debtors	4	17,700			13,225
Cash at bank and in hand		92,430			102,927
		110,130			116,152

Creditors: amounts falling due within one year	5	(13,208)			(17,320)

Net current assets			96,922			98,832

Total assets less current liabilities			109,529			106,155


Provisions for liabilities			(2,395)			(1,391)


Net assets			107,134			104,764

Capital and reserves
Called up share capital			100			100
Profit and loss account			107,034			104,664

Shareholder's funds			107,134			104,764

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Joshua Ellis
Director
Approved by the board on 9 April 2026

JOSHUA ELLIS MUSIC LTD
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and with the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

	JOSHUA ELLIS MUSIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
	69 Loughborough Road
	West Bridgford
	Nottingham
	NG2 7LA

	The financial statements are prepared in Sterling (£) which is the functional currency of the company.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment	over 3 years

	Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. 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 within the profit and loss account.

	Financial instruments
	The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 December 2024				13,885
	Additions				14,867
	At 30 November 2025				28,752

	Depreciation
	At 1 December 2024				6,562
	Charge for the year				9,583
	At 30 November 2025				16,145

	Net book value
	At 30 November 2025				12,607
	At 30 November 2024				7,323


4	Debtors		2025		2024
£				£

	Trade debtors		900		319
	Other debtors		16,800		12,906
			17,700		13,225


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		-		216
	Taxation and social security costs		11,812		15,691
	Other creditors		1,190		975
	Director's loan account		206		438

			13,208		17,320

6	Controlling party

	The company is controlled by the director by virtue of his majority shareholding.