REGISTERED NUMBER: 01810684 (England and Wales)

Financial statements for the year ended 31 March 2026

For

Smith Music Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Smith

Mrs M Smith

SECRETARY:

Mrs M Smith

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

01810684 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

1,430

1,907

CURRENT ASSETS

Debtors

5

1,434,491

612,428

Cash at bank

12,850,317

11,225,075

14,284,808

11,837,503

CREDITORS

Amounts falling due within one year

6

1,627,065

1,286,694

NET CURRENT ASSETS

12,657,743

10,550,809

TOTAL ASSETS LESS CURRENT LIABILITIES

12,659,173

10,552,716

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

12,659,073

10,552,616

SHAREHOLDERS' FUNDS

12,659,173

10,552,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

R J Smith - Director

1.	STATUTORY INFORMATION

Smith Music Company 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.

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.

Turnover

Turnover represents the invoiced amount of royalties receivable during the year exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Musical equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Musical

equipment

£

COST

At 1 April 2025

and 31 March 2026

386,637

DEPRECIATION

At 1 April 2025

384,730

Charge for year

477

At 31 March 2026

385,207

NET BOOK VALUE

At 31 March 2026

1,430

At 31 March 2025

1,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

590,024

444,575

Other debtors

844,467

167,853

1,434,491

612,428

Other debtors relate to an amount of £844,467 (2025: £167,853) owed by Cure Music International Limited, a company under the control of Mr R J Smith.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

262,719

416,622

Tax

1,007,055

539,974

Social security and other taxes

2,488

2,813

VAT

263,174

284,029

Directors' current accounts

67,447

20,276

Accrued expenses

24,182

22,980

1,627,065

1,286,694

7.

RESERVES

Retained

earnings

£

At 1 April 2025

10,552,616

Profit for the year

3,006,457

Dividends

(900,000

)

At 31 March 2026

12,659,073

8.	RELATED PARTY DISCLOSURES