Squirky Music Ltd
Squirky Music Ltd
Registered number: 04279042
Unaudited Financial Statements
For The Year Ended 30 August 2023
Big Star Business Management Ltd
Squirky Music Ltd
Unaudited Financial Statements
For The Year Ended 30 August 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Squirky Music Ltd
Balance Sheet
As At
30 August 2023
Balance Sheet
Registered number:
04279042
For the year ending 30 August 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 23,629 | 9,964 | |||
Squirky Music Ltd
Balance Sheet (continued)
As At
30 August 2023
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Squirky Music Ltd
Notes to the Financial Statements
For The Year Ended 30 August 2023
Notes to the Financial Statements
1.
General Information
Squirky Music Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
04279042
. The registered office is 13 Borough Road, Kingston Upon Thames, Surrey, KT2 6BD.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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| Computer Equipment |
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2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
4.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
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| Cost | |||
| As at 31 August 2022 |
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| Additions |
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| As at 30 August 2023 |
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...CONTINUED
Squirky Music Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 August 2023
| Depreciation | |||
| As at 31 August 2022 |
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| Provided during the period |
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| As at 30 August 2023 |
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| Net Book Value | |||
| As at 30 August 2023 |
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| As at 31 August 2022 |
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5.
Debtors
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| Due within one year | |||
| Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
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| Trade creditors |
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| Corporation tax |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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7.
Creditors: Amounts Falling Due After More Than One Year
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| Bank loans |
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