Goldstein Music Limited - Accounts to registrar (filleted) - small 18.2
Goldstein Music Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019 |
| FOR |
| GOLDSTEIN MUSIC LIMITED |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 April 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GOLDSTEIN MUSIC LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 April 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| BALANCE SHEET |
| 30 April 2019 |
| 30.4.19 | 30.4.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| BALANCE SHEET - continued |
| 30 April 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 director and authorised for issue on |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 April 2019 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery - 25% on reducing balance |
| Fixtures and fitting - 25% on reducing balance |
| Computer equipment - 25% on reducing balance |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| The Company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Dolce Music Limited |
| Registered office: UK |
| Nature of Business: Music services |
| % |
| Clss of Shares: Holding |
| Ordinary £1 100.00 |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2019 |
| 1. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension Provision |
| Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a |
| past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a |
| reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be |
| required to settle the obligation taking into account the risks and uncertainties surrounding the obligation. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2018 |
| Additions |
| At 30 April 2019 |
| DEPRECIATION |
| At 1 May 2018 |
| Charge for year |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 May 2018 |
| and 30 April 2019 | 184,000 |
| NET BOOK VALUE |
| At 30 April 2019 | 184,000 |
| At 30 April 2018 | 184,000 |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2019 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 30 April 2019 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2018 | - | 183,900 | 183,900 |
| Cost | 100 | - | 100 |
| 100 | 183,900 | 184,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors | ( |
) |
| Taxation and social security |
| Other creditors | ( |
) |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Deferred tax | 9,690 | 13,755 |
| Other provisions | - | 218,000 |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2019 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred | Pension |
| tax | Provision |
| £ | £ |
| Balance at 1 May 2018 |
| Unused amounts reversed during year | ( |
) |
| Balance at 30 April 2019 |
| ** | BALANCE ABOVE AT START OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF | - |
| DOES NOT AGREE TO LAST YEAR TOTAL OF ACCOUNTS PER TB | 13,755 |
| ** | BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF | - |
| DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB | 9,690 |
| PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - |
| PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC |
| Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign) |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2019 and |
| 30 April 2018: |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| GOLDSTEIN MUSIC LIMITED (REGISTERED NUMBER: 06774881) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2019 |
| 10. | RELATED PARTY DISCLOSURES |
| Sound Auditors Limited |
| Mr J Goldstein is a director and shareholder of both companies. |
| During the year company paid expenses in the sum of £Nil - (2017: £186) on behalf of Sound Auditors Limited |
| 2019 2018 |
| £ £ |
| Amount due from related party at the balance sheet date 764 764 |
| Dolce Music Limited |
| a wholly owned subsidiary of Goldstein Music Limited. |
| During the year company paid expenses on behalf of Dolce Music Limited amounting to £27,820 (2017: |
| £17,021) |
| 2019 2018 |
| £ £ |
| Amount due from related party at the balance sheet date 1,975 44,613 |
| Mr J Goldstein |
| a director and shareholder of Goldstein Music Limited. |