Music Bugs Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05858224 (England and Wales)

MUSIC BUGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2019

Page

Statement of Financial Position

1

to

2

FIXED ASSETS

6,081

5,344

CURRENT ASSETS

26,743

41,393

PREPAYMENTS AND ACCRUED INCOME

4,223

2,109

CREDITORS

Amounts falling due within one year

(13,016

)

(14,164

)

NET CURRENT ASSETS

17,950

29,338

TOTAL ASSETS LESS CURRENT LIABILITIES

24,031

34,682

ACCRUALS AND DEFERRED INCOME

37,983

45,536

NET LIABILITIES

(13,952

)

(10,854

)

CAPITAL AND RESERVES

(13,952

)

(10,854

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Music Bugs Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

05858224

Registered office:

Unit 82 Basepoint Business Centre

Rivermead Drive

Westlea

SWINDON

Wiltshire

SN5 7EX

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 5 (2018 - 4 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2019

and 30th June 2018:

2019

2018

£

£

Mrs C J Bennett

Balance outstanding at start of year

1,483

512

Amounts advanced

430

2,786

Amounts repaid

(1,913

)

(1,815

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,483

4.	OTHER FINANCIAL COMMITMENTS

At the 30th June 2019 the company had operating lease commitments of £23,865.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 19th February 2020 and were signed on its behalf by:

Mrs C J Bennett - Director