FAIR DEAL MUSIC LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3203129

FAIR DEAL MUSIC LTD

Filleted Unaudited Financial Statements

30 June 2025

FAIR DEAL MUSIC LTD

Financial Statements

Year ended 30 June 2025

Contents	Pages

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 8

FAIR DEAL MUSIC LTD

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of FAIR DEAL MUSIC LTD

Year ended 30 June 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

11 June 2026

FAIR DEAL MUSIC LTD

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		11,640		23,913

Current assets

Stocks	7	551,166	596,450
Debtors	8	465,121	616,322
Cash at bank and in hand		52,772	75,748
		------------	------------
		1,069,059	1,288,520

Creditors: amounts falling due within one year	9	550,286		806,866
		------------		------------
Net current assets			518,773		481,654
			---------		---------
Total assets less current liabilities			530,413		505,567
			---------		---------
Net assets			530,413		505,567
			---------		---------

Capital and reserves

Called up share capital	10	1,000	1,000
Profit and loss account		529,413	504,567
		---------	---------
Shareholders funds		530,413	505,567
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FAIR DEAL MUSIC LTD

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 11 June 2026 , and are signed on behalf of the board by:

Mr. B. Singh
Director

Company registration number: 3203129

FAIR DEAL MUSIC LTD

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Concord House, 77 Holloway Head, Birmingham, West Midlands, B1 1QP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% straight line
Motor Vehicles	-	25% straight line
Office Equipment	-	15 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 18 ).

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Dividends on equity shares	60,000	60,000
	--------	--------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 July 2024 and 30 June 2025	10,759	238,819	37,615	28,731	315,924
	--------	---------	--------	--------	---------
Depreciation
At 1 July 2024	–	236,596	31,874	23,541	292,011
Charge for the year	–	2,223	5,740	4,310	12,273
	--------	---------	--------	--------	---------
At 30 June 2025	–	238,819	37,614	27,851	304,284
	--------	---------	--------	--------	---------
Carrying amount
At 30 June 2025	10,759	–	1	880	11,640
	--------	---------	--------	--------	---------
At 30 June 2024	10,759	2,223	5,741	5,190	23,913
	--------	---------	--------	--------	---------

7. Stocks

	2025	2024
	£	£
Raw materials and consumables	551,166	596,450
	---------	---------

8. Debtors

	2025	2024
	£	£
Trade debtors	6,053	3,710
Amounts owed by group undertakings and undertakings in which the company has a participating interest	425,479	581,723
Other debtors	33,589	30,889
	---------	---------
	465,121	616,322
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,514	4,646
Trade creditors	273,883	534,160
Corporation tax	82,647	76,697
Social security and other taxes	87,529	79,350
Other miscellaneous creditors	26,589	26,589
Other creditors	70,124	85,424
	---------	---------
	550,286	806,866
	---------	---------

10. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

11. Director's advances, credits and guarantees

At 30th June 2025 other creditors include the following amounts due to the director:- Mr B. Singh £16,233 (2024 - £21,408) The loans are interest free and repayable on demand

12. Related party transactions

Included within debtors due within 1 year is an associated company loan of £425,479 (2024-£581,723) due from Fair Deal Music (Holdings) Limited. Mr B.Singh is a common director of both Companies. The loan is interest free and for an indefinite period, however it is repayable on demand. Dividends of £30,000 (2024-£30,000) were paid to Mr B. Singh (Director) for period under review Dividends of £30,000 (2024-£30,000) were paid to Mrs S. Kaur (Close family member) for period under review