REGISTERED NUMBER: |
Associated Musical Services Limited |
Unaudited Financial Statements |
for the Year Ended 30th September 2022 |
REGISTERED NUMBER: |
Associated Musical Services Limited |
Unaudited Financial Statements |
for the Year Ended 30th September 2022 |
Associated Musical Services Limited (Registered number: 02963814) |
Contents of the Financial Statements |
for the Year Ended 30th September 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Associated Musical Services Limited |
Company Information |
for the Year Ended 30th September 2022 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Associated Musical Services Limited (Registered number: 02963814) |
Statement of Financial Position |
30th September 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
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 |
Associated Musical Services Limited (Registered number: 02963814) |
Notes to the Financial Statements |
for the Year Ended 30th September 2022 |
1. | Statutory information |
Associated Musical Services Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Hire purchase and leasing commitments |
Assets held under hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. |
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. |
3. | Employees and directors |
The average number of employees during the year was |
Associated Musical Services Limited (Registered number: 02963814) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2022 |
4. | Tangible fixed assets |
Plant and |
machinery |
£ |
Cost |
At 1st October 2021 |
Additions |
At 30th September 2022 |
Depreciation |
At 1st October 2021 |
Charge for year |
At 30th September 2022 |
Net book value |
At 30th September 2022 |
At 30th September 2021 |
5. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade creditors |
Other creditors |