Company Registration No. 11701987 (England and Wales)
LAID BARE MUSIC LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
LAID BARE MUSIC LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
LAID BARE MUSIC LTD
ENTERTAINMENT ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LAID BARE MUSIC LTD FOR THE YEAR ENDED 31 MARCH 2023
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laid Bare Music Ltd for the year ended 31 March 2023 which comprise, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
It is your duty to ensure that Laid Bare Music Ltd 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 Laid Bare Music Ltd. You consider that Laid Bare Music Ltd 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 Laid Bare Music Ltd. 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.
Theataccounts Limited
22 December 2023
Entertainment Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
LAID BARE MUSIC LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
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2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,773
2,943
Current assets
Debtors
4
2,236
Cash at bank and in hand
3,269
4,461
5,505
4,461
Creditors: amounts falling due within one year
5
(9,631)
(8,808)
Net current liabilities
(4,126)
(4,347)
Total assets less current liabilities
(1,353)
(1,404)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(1,354)
(1,405)
Total equity
(1,353)
(1,404)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 December 2023.
Mr R Radi
Director
Company Registration No. 11701987
LAID BARE MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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1
Accounting policies
Company information
Laid Bare Music Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 90 Valentine Court, London, SE23 2LL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
1.5
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).
LAID BARE MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
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3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022
5,686
Additions
754
At 31 March 2023
6,440
Depreciation and impairment
At 1 April 2022
2,743
Depreciation charged in the year
924
At 31 March 2023
3,667
Carrying amount
At 31 March 2023
2,773
At 31 March 2022
2,943
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,236
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
918
Other creditors
9,631
7,890
9,631
8,808
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
1
1
LAID BARE MUSIC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
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7
Ultimate controlling party
The ultimate controlling party is Mr R Radi.