ACCOUNTS - Final Accounts

EMJAY MUSIC LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falsefalseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01068718 2022-04-01 2023-03-31 01068718 2021-04-01 2022-03-31 01068718 2023-03-31 01068718 2022-03-31 01068718 c:Director1 2022-04-01 2023-03-31 01068718 d:CurrentFinancialInstruments 2023-03-31 01068718 d:CurrentFinancialInstruments 2022-03-31 01068718 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01068718 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01068718 d:ShareCapital 2023-03-31 01068718 d:ShareCapital 2022-03-31 01068718 d:RetainedEarningsAccumulatedLosses 2023-03-31 01068718 d:RetainedEarningsAccumulatedLosses 2022-03-31 01068718 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 01068718 c:FRS102 2022-04-01 2023-03-31 01068718 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01068718 c:FullAccounts 2022-04-01 2023-03-31 01068718 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 01068718

EMJAY MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

EMJAY MUSIC LIMITED

REGISTERED NUMBER: 01068718

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	330,254		-
Cash at bank and in hand	5	1		339,409
		330,255		339,409
Creditors: amounts falling due within one year	6	(81)		(8,253)
Net current assets			330,174		331,156
Total assets less current liabilities			330,174		331,156

Net assets			330,174		331,156

Capital and reserves
Called up share capital	5,000	5,000
Profit and loss account	325,174	326,156
	330,174	331,156

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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EMJAY MUSIC LIMITED

REGISTERED NUMBER: 01068718

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2024.

M P Joseph

Director

The notes on pages 3 to 5 form part of these financial statements.

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EMJAY MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Emjay Music Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 1 Ramornie Close, Hersham, Surrey, KT12 4NQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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EMJAY MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Debtors

					2023	2022
					£	£


Other debtors	330,254	-

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EMJAY MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

5.	Cash and cash equivalents
		2023	2022
		£	£

	Cash at bank and in hand	1	339,409

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Corporation tax	29	8,201
Other creditors	52	52
	81	8,253

7.	Controlling party

The company is under control of M P Joseph.

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