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

REGISTERED NUMBER: 08399700 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2021

FOR

BMTH MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O S Sykes

M Kean

M S Nicholls

L D Malia

J Fish

REGISTERED OFFICE:

Osborn Works

Unit 4a

Rutland Way

Sheffield

South Yorkshire

S3 8DG

REGISTERED NUMBER:

08399700 (England and Wales)

ACCOUNTANTS:

Morton Bradley Limited

Unit 4a

Rutland Way

Sheffield

South Yorkshire

S3 8DG

FIXED ASSETS

Tangible assets

4

93,622

105,247

CURRENT ASSETS

Debtors

5

404,664

473,739

Cash at bank and in hand

1,384,293

1,908,414

1,788,957

2,382,153

CREDITORS

Amounts falling due within one year

6

1,882,239

2,473,724

NET CURRENT LIABILITIES

(93,282

)

(91,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

340

13,676

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

330

13,666

340

13,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2021 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 and authorised for issue on 3rd June 2021 and were signed on its behalf by:

O S Sykes - Director

1.	STATUTORY INFORMATION

BMTH 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.

TANGIBLE FIXED ASSETS

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2020

151,795

Additions

5,994

Disposals

(5,423

)

At 28th February 2021

152,366

DEPRECIATION

At 1st March 2020

46,548

Charge for year

14,547

Eliminated on disposal

(2,351

)

At 28th February 2021

58,744

NET BOOK VALUE

At 28th February 2021

93,622

At 29th February 2020

105,247

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade debtors

403,239

-

Other debtors

1,425

473,739

404,664

473,739

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.21

29.2.20

£

£

Trade creditors

128,850

2

Taxation and social security

288,891

184,399

Other creditors

1,464,498

2,289,323

1,882,239

2,473,724