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Registered number: 08269990
Overcoast Music Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Stowe and Ager Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08269990
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,732 6,308
4,732 6,308
CURRENT ASSETS
Debtors 5 1,167 3,128
Cash at bank and in hand 252,858 296,317
254,025 299,445
Creditors: Amounts Falling Due Within One Year 6 (1,571 ) (1,847 )
NET CURRENT ASSETS (LIABILITIES) 252,454 297,598
TOTAL ASSETS LESS CURRENT LIABILITIES 257,186 303,906
NET ASSETS 257,186 303,906
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 257,184 303,904
SHAREHOLDERS' FUNDS 257,186 303,906
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Beckett
Director
6 May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Overcoast Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08269990 . The registered office is 16 Allerdale Road, Clayhanger, Walsall, West Midlands, WS8 7SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2024 1,012 15,110 16,122
As at 31 October 2025 1,012 15,110 16,122
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2024 443 9,371 9,814
Provided during the period 142 1,434 1,576
As at 31 October 2025 585 10,805 11,390
Net Book Value
As at 31 October 2025 427 4,305 4,732
As at 1 November 2024 569 5,739 6,308
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 2,128
Other debtors 1,000 1,000
VAT 167 -
1,167 3,128
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
VAT - 305
Accruals and deferred income 1,000 1,000
Director's loan account 571 542
1,571 1,847
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4