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

REGISTERED NUMBER: 04499831 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2020 to 30 September 2021

for

Medlar Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Hastings

Mrs A Hastings

SECRETARY:

A M Hastings

REGISTERED OFFICE:

10A Widcombe Crescent

Bath

BA2 6AH

REGISTERED NUMBER:

04499831 (England and Wales)

ACCOUNTANTS:

Moore

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Tangible assets

4

138

281

CURRENT ASSETS

Debtors

5

3,406

14,782

Cash at bank

5,240

8,393

8,646

23,175

CREDITORS

Amounts falling due within one year

6

9,062

13,769

NET CURRENT (LIABILITIES)/ASSETS

(416

)

9,406

TOTAL ASSETS LESS CURRENT LIABILITIES

(278

)

9,687

CREDITORS

Amounts falling due after more than one year

7

-

9,645

NET (LIABILITIES)/ASSETS

(278

)

42

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(280

)

40

SHAREHOLDERS' FUNDS

(278

)

42

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 23 June 2022 and were signed on its behalf by:

A M Hastings - Director

1.	STATUTORY INFORMATION

Medlar 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2020

and 30 September 2021

1,306

23,951

25,257

DEPRECIATION

At 1 August 2020

1,123

23,853

24,976

Charge for period

45

98

143

At 30 September 2021

1,168

23,951

25,119

NET BOOK VALUE

At 30 September 2021

138

-

138

At 31 July 2020

183

98

281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

31.7.20

£

£

Trade debtors

-

810

Other debtors

3,406

13,972

3,406

14,782

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

31.7.20

£

£

Bank loans and overdrafts

-

355

Taxation and social security

2,553

7,742

Other creditors

6,509

5,672

9,062

13,769

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

31.7.20

£

£

Bank loans

-

9,645

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

31.7.20

value:

£

£

2

Ordinary Shares

1

2

2

9.	RELATED PARTY DISCLOSURES

Included in creditors is £4,774 owed by the company to the directors, Mr and Mrs Hastings (2020 - £9,982 in debtors). This loan is unsecured, interest free and has no set terms for repayment.