Meters Music Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09982555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2018 TO 31 AUGUST 2019

FOR

METERS MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Gooday

Mrs J E Gooday

REGISTERED OFFICE:

Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

REGISTERED NUMBER:

09982555 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

FIXED ASSETS

Intangible assets

4

229,554

104,550

Tangible assets

5

46,902

43,123

276,456

147,673

CURRENT ASSETS

Stocks

13,466

10,459

Debtors

6

10,980

179,864

Cash at bank and in hand

254,540

33,685

278,986

224,008

CREDITORS

Amounts falling due within one year

7

173,335

229,041

NET CURRENT ASSETS/(LIABILITIES)

105,651

(5,033

)

TOTAL ASSETS LESS CURRENT LIABILITIES

382,107

142,640

CAPITAL AND RESERVES

Called up share capital

1,200

1,000

Share premium

491,957

253,988

Retained earnings

(111,050

)

(112,348

)

382,107

142,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 October 2019 and were signed on its behalf by:

M A Gooday - Director

1.	STATUTORY INFORMATION

Meters Music Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2018

122,297

Additions

125,004

At 31 August 2019

247,301

AMORTISATION

At 1 March 2018

and 31 August 2019

17,747

NET BOOK VALUE

At 31 August 2019

229,554

At 28 February 2018

104,550

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

49,754

Additions

3,779

At 31 August 2019

53,533

DEPRECIATION

At 1 March 2018

and 31 August 2019

6,631

NET BOOK VALUE

At 31 August 2019

46,902

At 28 February 2018

43,123

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/19

28/2/18

£

£

Trade debtors

4,202

175,397

Other debtors

6,778

4,467

10,980

179,864

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/19

28/2/18

£

£

Bank loans and overdrafts

11,609

-

Trade creditors

70,115

178,968

Amounts owed to group undertakings

73,678

47,073

Taxation and social security

3,685

-

Other creditors

14,248

3,000

173,335

229,041