Triple G Music Ltd - Accounts to registrar (filleted) - small 18.2
Triple G Music Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2019 |
| for |
| Triple G Music Ltd |
| Triple G Music Ltd (Registered number: SC347133) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Triple G Music Ltd |
| Company Information |
| for the Year Ended 31 July 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 60 Constitution Street |
| Edinburgh |
| EH6 6RR |
| Triple G Music Ltd (Registered number: SC347133) |
| Balance Sheet |
| 31 July 2019 |
| 31.7.19 | 31.7.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Triple G Music Ltd (Registered number: SC347133) |
| Balance Sheet - continued |
| 31 July 2019 |
| 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 signed on its behalf by: |
| Triple G Music Ltd (Registered number: SC347133) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2019 |
| 1. | STATUTORY INFORMATION |
| Triple G Music Ltd is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis, however the company is only able to continue to |
| trade through the monies due from advanced ticket sales for future concerts. The director has confirmed his |
| commitment to the company and is confident profits will be generated in the near future. |
| Turnover |
| Turnover is measured at fair value of the consideration received or receivable and represents the amount |
| receivable for goods supplied to customers in the normal course of business, excluding value added tax. The |
| policy is to recognise a sale when the company obtains the right to consideration. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| At the balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether |
| there is any indication that those assets have suffered an impairment loss. If such indication exists, the |
| recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). |
| Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable |
| amount of the cash-generating unit to which the asset belongs. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 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 |
| Triple G Music Ltd (Registered number: SC347133) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2018 |
| Additions |
| At 31 July 2019 |
| DEPRECIATION |
| At 1 August 2018 |
| Charge for year |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| There were no indicators of impairment noted during the year. |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 August 2018 |
| and 31 July 2019 |
| DEPRECIATION |
| At 1 August 2018 |
| Charge for year |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.19 | 31.7.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| Prepayments |
| Triple G Music Ltd (Registered number: SC347133) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2019 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.19 | 31.7.18 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 2,737 | 11,448 |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.19 | 31.7.18 |
| £ | £ |
| Hire purchase contracts |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |