Found In Music Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04865692

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,157		1,447

			1,157		1,447
CURRENT ASSETS
Debtors	6	38,402		7,231
Cash at bank and in hand		31,930		72,742

		70,332		79,973
Creditors: Amounts Falling Due Within One Year	7	(61,282 )		(74,177 )

NET CURRENT ASSETS (LIABILITIES)			9,050		5,796

TOTAL ASSETS LESS CURRENT LIABILITIES			10,207		7,243

Creditors: Amounts Falling Due After More Than One Year	8		-		(1,682 )

NET ASSETS			10,207		5,561

CAPITAL AND RESERVES
Called up share capital	10		42		42
Capital redemption reserve			58		58
Profit and Loss Account			10,107		5,461

SHAREHOLDERS' FUNDS			10,207		5,561

Page 1

Page 2

Found In Music Limited

Balance Sheet (continued)

As At 31 March 2026

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss R L Meir

Director

07/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Found In Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04865692 . The registered office is 1-2 Rhodium Point Hawkinge Business Park, Spindle Close, Hawkinge, Folkestone, Kent, CT18 7TQ.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance

3.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.6. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

3.7. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.8. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Page 3

Page 4

Found In Music Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	7,624	4,000	11,624

As at 31 March 2026	7,624	4,000	11,624

Depreciation
As at 1 April 2025	6,256	3,921	10,177
Provided during the period	274	16	290

As at 31 March 2026	6,530	3,937	10,467

Net Book Value
As at 31 March 2026	1,094	63	1,157

As at 1 April 2025	1,368	79	1,447

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	37,849	7,231
Prepayments and accrued income	553	-

	38,402	7,231

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	60	60
Bank loans and overdrafts	1,682	10,000
VAT	18,092	17,141
Accruals and deferred income	34,075	39,915
Director's loan account	7,373	7,061

	61,282	74,177

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	1,682

Page 4

Page 5

Found In Music Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	1,682	10,000

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	-	1,682

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	42	42

Page 5