REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 July 2020 |
|
for |
|
Triple G Music Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 July 2020 |
|
for |
|
Triple G Music Ltd |
Triple G Music Ltd (Registered number: SC347133) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 July 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Triple G Music Ltd |
|
|
Company Information |
for the Year Ended 31 July 2020 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
60 Constitution Street |
Edinburgh |
EH6 6RR |
Triple G Music Ltd (Registered number: SC347133) |
|
|
Balance Sheet |
31 July 2020 |
|
31.7.20 | 31.7.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
|
|
|
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
|
|
|
|
|
|
|
|
Triple G Music Ltd (Registered number: SC347133) |
|
|
Notes to the Financial Statements |
for the Year Ended 31 July 2020 |
|
1. | STATUTORY INFORMATION |
|
Triple G Music Ltd is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The accounts have been prepared on a going concern basis, however the company is only able to continue to trade through the monies due from advanced ticket sales for future concerts. The director has confirmed his commitment to the company and is confident profits will be generated in the near future. |
|
Turnover |
Turnover is measured at fair value of the consideration received or receivable and represents the amount receivable for goods supplied to customers in the normal course of business, excluding value added tax. The policy is to recognise a sale when the company obtains the right to consideration. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
At the balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Triple G Music Ltd (Registered number: SC347133) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2020 |
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2019 |
|
|
|
|
Additions |
|
|
|
|
At 31 July 2020 |
|
|
|
|
DEPRECIATION |
At 1 August 2019 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 July 2020 |
|
|
|
|
NET BOOK VALUE |
At 31 July 2020 |
|
|
|
|
At 31 July 2019 |
|
|
|
|
|
There were no indicators of impairment noted during the year. |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 August 2019 |
and 31 July 2020 |
|
DEPRECIATION |
At 1 August 2019 |
|
Charge for year |
|
At 31 July 2020 |
|
NET BOOK VALUE |
At 31 July 2020 |
|
At 31 July 2019 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Tax |
|
|
Prepayments |
|
|
|
|
Triple G Music Ltd (Registered number: SC347133) |
|
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2020 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.20 | 31.7.19 |
£ | £ |
Hire purchase contracts |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 32,951 | 2,737 |
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
7. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|