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Company Registration No. 08850169 (England and Wales)
Mcgill Music Sax School Limited Unaudited accounts for the year ended 31 January 2026
Mcgill Music Sax School Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mcgill Music Sax School Limited Company Information for the year ended 31 January 2026
Directors
Emma McGill Nigel McGill
Company Number
08850169 (England and Wales)
Registered Office
Denmark House 143 High Street, Chalfont St. Peter Gerrards Cross Buckinghamshire SL9 9QL England
Accountants
A D Pottie & Co Ltd Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Mcgill Music Sax School Limited Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
32,792
74,487
Current assets
Debtors
5
19,974
239
Cash at bank and in hand
239,218
280,091
259,192
280,330
Creditors: amounts falling due within one year
6
(108,174)
(152,967)
Net current assets
151,018
127,363
Total assets less current liabilities
183,810
201,850
Creditors: amounts falling due after more than one year
7
-
(41,940)
Provisions for liabilities
Deferred tax
(8,197)
(12,405)
Net assets
175,613
147,505
Capital and reserves
Called up share capital
100
100
Profit and loss account
175,513
147,405
Shareholders' funds
175,613
147,505
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by
Nigel McGill Director Company Registration No. 08850169
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Mcgill Music Sax School Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Mcgill Music Sax School Limited is a private company, limited by shares, registered in England and Wales, registration number 08850169. The registered office is Denmark House, 143 High Street,, Chalfont St. Peter, Gerrards Cross, Buckinghamshire, SL9 9QL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum of cost
Motor vehicles
20% per annum of cost
Fixtures & fittings
25% per annum of cost
Computer equipment
25% per annum of cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Mcgill Music Sax School Limited Notes to the Accounts for the year ended 31 January 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
31,080
81,549
87,990
200,619
Additions
-
1,875
-
1,875
Disposals
-
-
(87,990)
(87,990)
At 31 January 2026
31,080
83,424
-
114,504
Depreciation
At 1 February 2025
6,216
67,122
52,794
126,132
Charge for the year
1,554
6,820
-
8,374
Surplus on revaluation
-
-
(52,794)
(52,794)
At 31 January 2026
7,770
73,942
-
81,712
Net book value
At 31 January 2026
23,310
9,482
-
32,792
At 31 January 2025
24,864
14,427
35,196
74,487
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
19,974
239
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
10,569
17,111
Obligations under finance leases and hire purchase contracts
-
10,837
Trade creditors
4,264
179
Taxes and social security
50,194
76,841
Other creditors
10,206
6,139
Accruals
32,941
41,860
108,174
152,967
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
-
41,940
8
Loans to directors
At 31 January 2026 the directors' owe the company £19,974
9
Average number of employees
During the year the average number of employees was 4 (2025: 4).
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