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09078048
2021-03-31
09078048
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2021-03-31
09078048
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09078048
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09078048
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09078048
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09078048
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09078048
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09078048
uk-core:WithinOneYear
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2021-03-31
| Registered Number:09078048 |
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
64 Million Artists Ltd
Statement of Financial Position
2020
2021
| Property, plant and equipment |
2,418
1,811
2
2,418
1,811
| Trade and other receivables |
31,885
25,801
3
11,437
| Cash and cash equivalents |
90,097
115,898
43,322
| Trade and other payables: amounts falling due within one |
| year |
(39,093)
(108,046)
4
4,229
7,852
Net current assets
| Total assets less current liabilities |
10,270
6,040
10,270
Net assets
6,040
10,270
6,040
10,270
6,040
Members' Funds
| For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Josephine Hunter Director |
| These financial statements were approved and authorised for issue by the Board on 12 October 2021 and were signed by: |
| The notes form part of these financial statements |
1 of 3
3
For the year ended 31 March 2021
64 Million Artists Ltd
Notes to the Financial Statements
Statutory Information
| 64 Million Artists Ltd is a private limited company, limited by guarantee, domiciled in England and Wales, registration |
| number 09078048. |
Impact Hub Islington
27 Dingley Place
London
EC1V 8BR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
| 2. Property, plant and equipment |
3,067
1,831
4,898
| Provision for depreciation and impairment |
1,256
Charge for year
1,224
2,480
2,418
1,811
2 of 3
4
For the year ended 31 March 2021
64 Million Artists Ltd
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2020
2021
25,463
31,547
338
338
31,885
25,801
| 4. Trade and other payables: amounts falling due within one year |
2020
2021
40,000
-
| Taxation and social security |
26,698
11,786
41,348
27,307
108,046
39,093
| 5. Average number of persons employed |
During the year the average number of employees was 5 (2020 : 4)
3 of 3
