Summer Camp Music Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07743854 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Summer Camp Music Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Bellchamber

REGISTERED OFFICE:

99 Northdown Park Road

Margate

Kent

CT9 2TU

REGISTERED NUMBER:

07743854 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Tangible assets

4

22,916

20,653

CURRENT ASSETS

Debtors

27,224

72,755

Cash at bank and in hand

23,523

71,337

50,747

144,092

CREDITORS

Amounts falling due within one year

39,604

82,509

NET CURRENT ASSETS

11,143

61,583

TOTAL ASSETS LESS CURRENT LIABILITIES

34,059

82,236

CREDITORS

Amounts falling due after more than one year

(9,399

)

(11,108

)

PROVISIONS FOR LIABILITIES

5

(1,959

)

(1,381

)

NET ASSETS

22,701

69,747

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

22,601

69,647

SHAREHOLDERS' FUNDS

22,701

69,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2022 and were signed by:

P J Bellchamber - Director

1.	STATUTORY INFORMATION

Summer Camp 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

The turnover represents net invoiced sales of services, excluding value added tax, arising from Digital Music Consultancy.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

56,341

Additions

9,901

At 31 August 2021

66,242

DEPRECIATION

At 1 September 2020

35,688

Charge for year

7,638

At 31 August 2021

43,326

NET BOOK VALUE

At 31 August 2021

22,916

At 31 August 2020

20,653

5.	PROVISIONS FOR LIABILITIES

31.8.21

31.8.20

£

£

Deferred tax

1,959

1,381

Deferred

tax

£

Balance at 1 September 2020

1,381

Charge to Statement of Income and Retained Earnings during year

578

Balance at 31 August 2021

1,959

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.21

31.8.20

value:

£

£

100

Ordinary

£1

100

100

7.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the years ended 31 August 2021 and 31 August 2020:

31.8.21

31.8.20

£

£

P J Bellchamber

Balance outstanding at start of year

(31,997

)

(28,983

)

Amounts advanced

130,857

99,654

Amounts repaid

(97,124

)

(102,668

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,736

(31,997

)

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director by virtue of his shareholdings.