Level Music Management Limited,Ltd - AccountsLtd - Accounts

Level Music Management Limited,Ltd - AccountsLtd - Accounts

LEVEL MUSIC MANAGEMENT LIMITED - Company Information

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2018-06-01 04452626 2019-05-31 04452626 2018-06-01 2019-05-31 04452626 2018-05-31 04452626 2017-06-01 2018-05-31 04452626 uk-core:WithinOneYear 2018-05-31 04452626 uk-core:WithinOneYear 2019-05-31 04452626 uk-core:ShareCapital 2019-05-31 04452626 uk-core:ShareCapital 2018-05-31 04452626 uk-core:RetainedEarningsAccumulatedLosses 2019-05-31 04452626 uk-core:RetainedEarningsAccumulatedLosses 2018-05-31 04452626 uk-bus:Director1 2018-06-01 2019-05-31 04452626 uk-core:PlantMachinery 2018-06-01 2019-05-31 04452626 uk-core:Vehicles 2018-06-01 2019-05-31 04452626 uk-core:FurnitureFittings 2018-06-01 2019-05-31 04452626 uk-core:FurnitureFittings 2018-05-31 04452626 uk-core:Vehicles 2018-05-31 04452626 uk-core:PlantMachinery 2018-05-31 04452626 uk-core:PlantMachinery 2019-05-31 04452626 uk-core:Vehicles 2019-05-31 04452626 uk-core:FurnitureFittings 2019-05-31 iso4217:GBP 04452626 uk-bus:AuditExemptWithAccountantsReport 2018-06-01 2019-05-31 04452626 uk-bus:FRS102 2018-06-01 2019-05-31 04452626 uk-bus:FullAccounts 2018-06-01 2019-05-31 04452626 uk-bus:PrivateLimitedCompanyLtd 2018-06-01 2019-05-31
Level Music Management Limited
Registered Number:04452626
For the year ended 31 May 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2019
Level Music Management Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 May 2019
Level Music Management Limited
Statement of Financial Position
Registered Number :
04452626
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
8,758
11,683
2
8,758
11,683
Current assets
Trade and other receivables
153
140
3
140
Cash and cash equivalents
200
340
293
Trade and other payables: amounts falling due within one year
(6,374)
(17,269)
4
(6,081)
(16,929)
Net current liabilities
Total assets less current liabilities
(8,171)
5,602
(8,171)
Net assets/liabilities
5,602
Capital and reserves
Called up share capital
3
3
Retained earnings
(8,174)
5,599
(8,171)
5,602
Shareholders' funds
For the year ended 31 May 2019 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 May 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Mr Brandon Edward Knights Director
These financial statements were approved and authorised for issue by the Board on 23 January 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2019
Level Music Management Limited
Notes to the Financial Statements
Statutory Information
Level Music Management Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04452626.
Principal place of business:
Andertons
Church Street
Uckfield
East Sussex
TN22 1BJ
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
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.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 31 May 2019
Level Music Management Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 June 2018
39,406
1,901
7,495
30,010
At 31 May 2019
30,010
7,495
1,901
39,406
Provision for depreciation and impairment
At 01 June 2018
27,723
1,563
6,745
19,415
Charge for year
2,925
85
188
2,652
At 31 May 2019
30,648
1,648
6,933
22,067
At 31 May 2019
Net book value
7,943
562
253
8,758
At 31 May 2018
10,595
750
338
11,683
3. Trade and other receivables
2018
2019
£
£
Other debtors
140
153
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
12
257
Taxation and social security
-
1,082
Other creditors
17,257
5,035
17,269
6,374
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