Company registration number 04713570 (England and Wales)
DISC COVERY RECORDS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
DISC COVERY RECORDS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DISC COVERY RECORDS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11,062
1,951
Current assets
Stocks
25,816
31,780
Debtors
5
1,258
-
0
Cash at bank and in hand
6,777
1,659
33,851
33,439
Creditors: amounts falling due within one year
6
(22,288)
(19,209)
Net current assets
11,563
14,230
Total assets less current liabilities
22,625
16,181
Creditors: amounts falling due after more than one year
7
(3,340)
-
0
Net assets
19,285
16,181
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
19,284
16,180
Total equity
19,285
16,181

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

DISC COVERY RECORDS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 8 July 2026
Mr A J Halstead
Director
Company Registration No. 04713570
DISC COVERY RECORDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Disc Covery Records Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Kingsway, Huncoat, Accrington, Lancashire, BB5 6LA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the support of its director. The financial statements have been prepared on a going concern basis on the assumption that this finance will continue to be made available to the company. At the date of approval of the company's financial statements the director confirms that he does not intend to withdraw such financial support for the foreseeable future.true

1.3
Turnover

Turnover represents amounts receivable for the sale of music CDs and records.

1.4
Intangible fixed assets - goodwill
Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life of five years.
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DISC COVERY RECORDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2025 - 2).

3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025 and 31 March 2026
5,000
Amortisation and impairment
At 1 April 2025 and 31 March 2026
5,000
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
-
0
4
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2025
3,467
18,840
22,307
Additions
-
0
13,995
13,995
Disposals
-
0
(18,840)
(18,840)
At 31 March 2026
3,467
13,995
17,462
Depreciation and impairment
At 1 April 2025
3,375
16,981
20,356
Depreciation charged in the year
92
2,933
3,025
Eliminated in respect of disposals
-
0
(16,981)
(16,981)
At 31 March 2026
3,467
2,933
6,400
Carrying amount
At 31 March 2026
-
0
11,062
11,062
At 31 March 2025
92
1,859
1,951

Assets held under hire purchase had a carrying value of £11,062 at the balance sheet date.

DISC COVERY RECORDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
1,258
-
0
6
Creditors: amounts falling due within one year
2026
2025
£
£
Obligations under finance leases
1,394
-
0
Taxation and social security
1,621
6,600
Other creditors
17,700
11,012
Accruals and deferred income
1,573
1,597
22,288
19,209

Obligations under finance leases are secured by fixed charges on the asset concerned.

Other creditors comprise amounts owed to director.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases
3,340
-
0
8
Called up share capital
2026
2025
£
£
Issued and fully paid
1 Ordinary share of £1 each
1
1
2026-03-31 2025-04-01 false false false 08 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr A J Halstead 2 04713570 2025-04-01 2026-03-31 04713570 2026-03-31 04713570 2025-03-31 04713570 core:FurnitureFittings 2026-03-31 04713570 core:MotorVehicles 2026-03-31 04713570 core:FurnitureFittings 2025-03-31 04713570 core:MotorVehicles 2025-03-31 04713570 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 04713570 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04713570 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 04713570 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 04713570 core:ShareCapital 2026-03-31 04713570 core:ShareCapital 2025-03-31 04713570 core:RetainedEarningsAccumulatedLosses 2026-03-31 04713570 core:RetainedEarningsAccumulatedLosses 2025-03-31 04713570 core:ShareCapitalOrdinaryShareClass1 2026-03-31 04713570 core:ShareCapitalOrdinaryShareClass1 2025-03-31 04713570 bus:Director1 2025-04-01 2026-03-31 04713570 core:Goodwill 2025-04-01 2026-03-31 04713570 core:FurnitureFittings 2025-04-01 2026-03-31 04713570 core:MotorVehicles 2025-04-01 2026-03-31 04713570 core:NetGoodwill 2025-03-31 04713570 core:NetGoodwill 2026-03-31 04713570 core:NetGoodwill 2025-03-31 04713570 core:FurnitureFittings 2025-03-31 04713570 core:MotorVehicles 2025-03-31 04713570 2025-03-31 04713570 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04713570 bus:FRS102 2025-04-01 2026-03-31 04713570 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 04713570 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04713570 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP