Company No: 04827522 (England and Wales)

Contents

• Directors' Report
• Balance Sheet
• Notes to the Financial Statements

The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 March 2026.

PRINCIPAL ACTIVITIES

The principal activity of the Company during the financial year was the sale of musical instruments and recording equipment.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

A Barclay
J Denton
C Orchard

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

A Barclay Director

08 June 2026

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Intangible assets	3	225,121		257,961
Tangible assets	4	206,096		208,045
Investments	5	100		100
		431,317		466,106
Current assets
Stocks	6	993,639		1,003,270
Debtors	7	101,892		168,789
Cash at bank and in hand		1,708		17,022
		1,097,239		1,189,081
Creditors: amounts falling due within one year	8	( 1,306,287)		( 1,302,045)
Net current liabilities		(209,048)		(112,964)
Total assets less current liabilities		222,269		353,142
Creditors: amounts falling due after more than one year	9	( 201,967)		( 344,862)
Net assets		20,302		8,280
Capital and reserves
Called-up share capital	10	300		200
Share premium account		329,800		129,900
Profit and loss account		( 309,798 )		( 121,820 )
Total shareholders' funds		20,302		8,280

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Absolute Music Solutions Ltd (registered number: 04827522) were approved and authorised for issue by the Board of Directors on 08 June 2026. They were signed on its behalf by:

A Barclay Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Absolute Music Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3-4 Knighton Heath Industrial Estate, 855 Ringwood Road, Bournemouth, BH11 8NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Year ended 31.03.2026		Period from 01.10.2023 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	25		31

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	675,783		675,783
At 31 March 2026	675,783		675,783
Accumulated amortisation
At 01 April 2025	417,822		417,822
Charge for the financial year	32,840		32,840
At 31 March 2026	450,662		450,662
Net book value
At 31 March 2026	225,121		225,121
At 31 March 2025	257,961		257,961

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2025	614,908		314,945		929,853
Additions	18,919		3,611		22,530
At 31 March 2026	633,827		318,556		952,383
Accumulated depreciation
At 01 April 2025	423,573		298,235		721,808
Charge for the financial year	21,597		2,882		24,479
At 31 March 2026	445,170		301,117		746,287
Net book value
At 31 March 2026	188,657		17,439		206,096
At 31 March 2025	191,335		16,710		208,045
Leased assets included above:
Net book value
At 31 March 2026	0		0		0
At 31 March 2025	0		0		0

5. Fixed asset investments

Investments in subsidiaries

	31.03.2026
	£
Cost
At 01 April 2025	100
At 31 March 2026	100
Carrying value at 31 March 2026	100
Carrying value at 31 March 2025	100

6. Stocks

	31.03.2026		31.03.2025
	£		£
Stocks	993,639		1,003,270

7. Debtors

	31.03.2026		31.03.2025
	£		£
Trade debtors	40,084		54,942
Other debtors	61,808		113,847
	101,892		168,789

8. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Bank loans and overdrafts (secured)	658,820		419,659
Trade creditors	419,772		523,680
Amounts owed to Group undertakings	18,500		14,000
Amounts owed to related parties	42,319		143,460
Taxation and social security	46,661		81,450
Obligations under finance leases and hire purchase contracts	2,935		2,935
Other creditors	117,280		116,861
	1,306,287		1,302,045

The total amount of guarantees not included in the Balance Sheet is £50,000 (2025 - £50,000). A limited guarantee exists given by the director A Barclay in favour of HSBC Plc to secure all liabilities.

9. Creditors: amounts falling due after more than one year

	31.03.2026		31.03.2025
	£		£
Obligations under finance leases and hire purchase contracts	1,967		4,903
Other creditors	200,000		339,959
	201,967		344,862

10. Called-up share capital

	31.03.2026		31.03.2025
	£		£
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each (31.03.2025: 200 shares of £ 1.00 each)	300		200

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.03.2026		31.03.2025
	£		£
within one year	153,310		178,862
between one and five years	613,240		613,240
after five years	140,534		293,844
Total future minimum lease payments under non-cancellable operating leases	907,084		1,085,946