REGISTERED NUMBER: 05330001 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 January 2025

for

ORGANIQ MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Bradley

REGISTERED OFFICE:

Chadwick Lodge

24 Crown Point Road

Leeds

West Yorkshire

LS10 1HU

REGISTERED NUMBER:

05330001 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

YO30 5PA

FIXED ASSETS

Intangible assets

4

1

-

Tangible assets

5

192,702

187,568

Investments

6

100

100

192,803

187,668

CURRENT ASSETS

Debtors

7

721,650

691,130

Cash at bank and in hand

1,571,239

3,055,405

2,292,889

3,746,535

CREDITORS

Amounts falling due within one year

8

242,143

422,301

NET CURRENT ASSETS

2,050,746

3,324,234

TOTAL ASSETS LESS CURRENT LIABILITIES

2,243,549

3,511,902

PROVISIONS FOR LIABILITIES

48,153

45,039

NET ASSETS

2,195,396

3,466,863

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,195,296

3,466,763

SHAREHOLDERS' FUNDS

2,195,396

3,466,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 June 2026 and were signed by:

R Bradley - Director

1.	STATUTORY INFORMATION

Organiq Music Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In applying the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The main judgement concerns the likely future demand for the company's products and how that impacts on the carrying value of stock. The director has based his judgement on his considerable experience and understanding of the product and its marketplace.

Turnover

Turnover represents net invoiced sales of services provided, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Buildings 5% Straight Line

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

1

At 31 January 2025

1

NET BOOK VALUE

At 31 January 2025

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2024

188,395

17,310

238,168

Additions

-

-

21,310

Disposals

-

-

(50

)

At 31 January 2025

188,395

17,310

259,428

DEPRECIATION

At 1 February 2024

18,170

17,310

229,335

Charge for year

3,768

-

10,031

At 31 January 2025

21,938

17,310

239,366

NET BOOK VALUE

At 31 January 2025

166,457

-

20,062

At 31 January 2024

170,225

-

8,833

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

6,458

230,610

680,941

Additions

-

-

21,310

Disposals

-

-

(50

)

At 31 January 2025

6,458

230,610

702,201

DEPRECIATION

At 1 February 2024

6,458

222,100

493,373

Charge for year

-

2,327

16,126

At 31 January 2025

6,458

224,427

509,499

NET BOOK VALUE

At 31 January 2025

-

6,183

192,702

At 31 January 2024

-

8,510

187,568

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Computer

equipment

£

COST

At 1 February 2024

and 31 January 2025

104,000

DEPRECIATION

At 1 February 2024

and 31 January 2025

104,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

100

NET BOOK VALUE

At 31 January 2025

100

At 31 January 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,325

-

Amounts owed by related undertaking

719,325

569,532

Prepayments and accrued income

-

121,598

721,650

691,130

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,113

2,365

Corporation tax

188,267

336,381

Social security and other taxes

129

68,957

VAT

36,683

-

Other creditors

1

100

Accrued expenses

12,950

14,498

242,143

422,301