Zone Music Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06141906 (England and Wales)

Financial Statements for the Year Ended 31st March 2019

for

Zone Music Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M P Cooper

Mrs T J Cooper

J D Poole

SECRETARY:

Mrs T J Cooper

REGISTERED OFFICE:

2 Wey Barn

Kings Mews

High Street

Godalming

Surrey

GU7 1AD

REGISTERED NUMBER:

06141906 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Zone Music Limited for the year ended 31st March 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Zone Music Limited, as a body, in accordance with the terms of our engagement letter dated 5th December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Zone Music Limited and state those matters that we have agreed to state to the Board of Directors of Zone Music Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zone Music Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Zone Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zone Music Limited. You consider that Zone Music Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zone Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

24th December 2019

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

340

94

340

94

CURRENT ASSETS

Debtors

6

31,389

24,766

Cash at bank

130,543

127,597

161,932

152,363

CREDITORS

Amounts falling due within one year

7

73,946

76,972

NET CURRENT ASSETS

87,986

75,391

TOTAL ASSETS LESS CURRENT LIABILITIES

88,326

75,485

PROVISIONS FOR LIABILITIES

65

18

NET ASSETS

88,261

75,467

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

88,161

75,367

SHAREHOLDERS' FUNDS

88,261

75,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 on 24th December 2019 and were signed on its behalf by:

M P Cooper - Director

Mrs T J Cooper - Director

1.	STATUTORY INFORMATION

Zone Music 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2018

and 31st March 2019

200,000

AMORTISATION

At 1st April 2018

and 31st March 2019

200,000

NET BOOK VALUE

At 31st March 2019

-

At 31st March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

1,218

Additions

359

At 31st March 2019

1,577

DEPRECIATION

At 1st April 2018

1,124

Charge for year

113

At 31st March 2019

1,237

NET BOOK VALUE

At 31st March 2019

340

At 31st March 2018

94

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

19,343

13,133

Other debtors

12,046

11,633

31,389

24,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

31,912

37,308

Other creditors

42,034

39,664

73,946

76,972