Company Registration No. 04682986 (England and Wales)
BREAK BEAT KAOS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
BREAK BEAT KAOS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BREAK BEAT KAOS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
45,419
50,121
Cash at bank and in hand
216,802
154,997
262,221
205,118
Creditors: amounts falling due within one year
4
(81,622)
(78,224)
Net current assets
180,599
126,894
Capital and reserves
Called up share capital
5
50
50
Capital redemption reserve
50
50
Profit and loss reserves
180,499
126,794
Total equity
180,599
126,894
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 2020 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.
T
he 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 24 December 2020
Mr D Stein
Director
Company Registration No. 04682986
BREAK BEAT KAOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
- 2 -
1
Accounting policies
Company information
Break Beat Kaos Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
180 Great Portland Street, London, W1W 5QZ.
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 are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable
in relation to physical and digital music sales,
net of VAT
.
1.3
Financial instruments
The company has
only basic
instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method
.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
1
1
BREAK BEAT KAOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 3 -
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
37,356
49,778
Other debtors
8,063
343
45,419
50,121
4
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
52,053
8,903
Corporation tax
12,598
26,770
Other taxation and social security
-
7,263
Other creditors
16,971
35,288
81,622
78,224
5
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and fully paid
50 Ordinary shares of £1 each
50
50