Music Merchandising Limited

Music Merchandising Limited

Essen

Befreiender Jahresabschluss zum Geschäftsjahr vom 01.01.2023 bis zum 31.12.2023

MUSIC MERCHANDISING LIMITED

Birmingham/UK

Unaudited Abridged Financial Statements for the Year Ended 31/12/2023

These annual accounts and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account has been taken.

For the year ending 31/12/2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with the special provisions applicable to companies subject to the small companies regime and Section 444 of the Companies Act 2006, the profit and loss account and directors' report have not been delivered to the registrar of Companies.

All of the members have consented in the preparation of abridged accounts in accordance with section 444 (2A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board on 25/09/2024.

Signed on behaif of the board of directors

The notes on pages 6 to 7 form part of these financial statements.

Company registration number 5932306

Notes to the Abridged Financial Statements

1 Summary of significant accounting policies

(a) General information and basis of preparation

MUSIC MERCHANDISING Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is given in the company information on page 3 of these financial statements.

The financial statements are presented in Euro which is the functional currency of the company and rounded to the nearest €.

All members have consented to the abridgements of these financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

The company transitioned to FRS102 Section 1A on 1 January 2015. There has been no effect on the accounting policies, opening equity and profit and loss for the comparative period.

(b) Intangible assets

Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Intangible assets are amortised on a straight line basis over their useful lives.

(c) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

2 Fixed assets

3 Share capital

CONSENT TO ABRIDGED ACCOUNTS

In respect of the Company's financial year ended 31 December 2023, all of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.