Norfolk Music Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04387975 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st March 2019

for

Norfolk Music Publishing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

T J K Clarke

P A Jay

G M Sherlaw-Johnson

P A A Bonham

SECRETARY:

T J K Clarke

REGISTERED OFFICE:

The Old Hall

Westwick

Norwich

Norfolk

NR10 5BX

REGISTERED NUMBER:

04387975 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Intangible assets

3

200,700

115,700

Tangible assets

4

10,482

217

211,182

115,917

CURRENT ASSETS

Debtors

5

19,119

-

Cash at bank

1,475

991

20,594

991

CREDITORS

Amounts falling due within one year

6

17,423

8,845

NET CURRENT ASSETS/(LIABILITIES)

3,171

(7,854

)

TOTAL ASSETS LESS CURRENT LIABILITIES

214,353

108,063

CAPITAL AND RESERVES

Called up share capital

55,965

53,301

Revaluation reserve

7

201,900

115,700

Retained earnings

(43,512

)

(60,938

)

214,353

108,063

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 16th April 2019 and were signed on its behalf by:

P A A Bonham - Director

1.	STATUTORY INFORMATION

Norfolk Music Publishing 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

The musical compositions and films recognised as intangible assets have been included at a directors' valuation

introduced in the last two years. This is a departure from guidance in the Financial Reporting Standard FRS 102 in

order for the company to better represent the assets it has and to present a truer and fairer view of the company's

financial position.

The value will be reviewed annually by reference to the active market to give a fair value at the end of each

reporting period.

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 etc

-

33% on cost and 15% 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.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1st April 2018

115,700

Revaluations

85,000

At 31st March 2019

200,700

NET BOOK VALUE

At 31st March 2019

200,700

At 31st March 2018

115,700

Cost or valuation at 31st March 2019 is represented by:

Other

intangible

assets

£

Valuation in 2018

115,700

Valuation in 2019

85,000

200,700

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1st April 2018

3,237

Additions

9,150

Revaluations

1,200

At 31st March 2019

13,587

DEPRECIATION

At 1st April 2018

3,020

Charge for year

85

At 31st March 2019

3,105

NET BOOK VALUE

At 31st March 2019

10,482

At 31st March 2018

217

Cost or valuation at 31st March 2019 is represented by:

Plant and

machinery

etc

£

Valuation in 2019

1,200

Cost

12,387

13,587

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade debtors

18,736

-

Other debtors

383

-

19,119

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade creditors

4,731

-

Taxation and social security

917

279

Other creditors

11,775

8,566

17,423

8,845

7.

RESERVES

Revaluation

reserve

£

At 1st April 2018

115,700

Musical compositions &

film scripts

85,000

Paintings

1,200

At 31st March 2019

201,900

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2019 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

16th April 2019