Zone Music Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06141906 (England and Wales)

Financial Statements For The Year Ended 31st March 2022

for

Zone Music Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M P Cooper

Mrs T J Cooper

Mr J D Poole

SECRETARY:

Mrs T J Cooper

REGISTERED OFFICE:

Hemingway House

Rock Hill

Hambledon

Surrey

GU8 4DT

REGISTERED NUMBER:

06141906 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zone Music Limited for the year ended 31st March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Zone Music Limited, as a body, in accordance with the terms of our engagement letter dated 5th December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Zone Music Limited and state those matters that we have agreed to state to the Board of Directors of Zone Music Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zone Music Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Zone Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zone Music Limited. You consider that Zone Music Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zone Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

19th December 2022

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

143

191

143

191

CURRENT ASSETS

Debtors

6

19,673

17,602

Cash at bank

96,619

109,429

116,292

127,031

CREDITORS

Amounts falling due within one year

7

86,549

74,871

NET CURRENT ASSETS

29,743

52,160

TOTAL ASSETS LESS CURRENT LIABILITIES

29,886

52,351

PROVISIONS FOR LIABILITIES

27

36

NET ASSETS

29,859

52,315

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,759

52,215

SHAREHOLDERS' FUNDS

29,859

52,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 19th December 2022 and were signed on its behalf by:

Mr M P Cooper - Director

Mrs T J Cooper - Director

1.	STATUTORY INFORMATION

Zone 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance

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 6 (2021 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2021

and 31st March 2022

200,000

AMORTISATION

At 1st April 2021

and 31st March 2022

200,000

NET BOOK VALUE

At 31st March 2022

-

At 31st March 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2021

and 31st March 2022

1,577

DEPRECIATION

At 1st April 2021

1,386

Charge for year

48

At 31st March 2022

1,434

NET BOOK VALUE

At 31st March 2022

143

At 31st March 2021

191

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

7,602

5,156

Other debtors

12,071

12,446

19,673

17,602

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

40,725

30,655

Other creditors

45,824

44,216

86,549

74,871