Nicklas Forsyth Music Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10227638 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Nicklas Forsyth Music Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R E Nicklas

REGISTERED OFFICE:

15 South Street

Hull

East Yorkshire

HU1 3QG

REGISTERED NUMBER:

10227638 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

Yorkshire Bank

46 Prospect Centre

Hull

HU2 8PW

FIXED ASSETS

Tangible assets

4

5,456

4,921

CURRENT ASSETS

Debtors

134

-

Cash at bank

5,264

2,582

5,398

2,582

CREDITORS

Amounts falling due within one year

3,171

3,294

NET CURRENT ASSETS/(LIABILITIES)

2,227

(712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,683

4,209

CAPITAL AND RESERVES

Called up share capital

5

5,000

5,000

Retained earnings

2,683

(791

)

SHAREHOLDERS' FUNDS

7,683

4,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 8 October 2020 and were signed by:

Mr R E Nicklas - Director

1.	STATUTORY INFORMATION

Nicklas Forsyth 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.

Plant and machinery

-

20% on reducing balance

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2019

7,583

Additions

1,449

At 30 June 2020

9,032

DEPRECIATION

At 1 July 2019

2,662

Charge for year

914

At 30 June 2020

3,576

NET BOOK VALUE

At 30 June 2020

5,456

At 30 June 2019

4,921

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/20

30/6/19

value:

£

£

5,000

Ordinary

£1

5,000

5,000

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R E Nicklas.