Abbreviated Company Accounts - MUSICHALL LIMITED

03940896 MUSICHALL LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 03940896 2013-06-01 2014-05-31 03940896 2014-05-31 03940896 2013-05-31 03940896 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 03940896 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director3 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 03940896

MUSICHALL LIMITED

Abbreviated Accounts

31 May 2014

MUSICHALL LIMITED Registered Number 03940896

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,357	11,133
		8,357	11,133
Current assets
Debtors		45,844	22,528
Cash at bank and in hand		-	6,998
		45,844	29,526
Creditors: amounts falling due within one year		(54,167)	(40,568)
Net current assets (liabilities)		(8,323)	(11,042)
Total assets less current liabilities		34	91
Total net assets (liabilities)		34	91
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		33	90
Shareholders' funds		34	91

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
P M Hall, Director

MUSICHALL LIMITED Registered Number 03940896

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 June 2013	25,458
Additions	313
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	25,771
Depreciation
At 1 June 2013	14,325
Charge for the year	3,089
On disposals	-
At 31 May 2014	17,414
Net book values
At 31 May 2014	8,357
At 31 May 2013	11,133

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	P M Hall
Description of the transaction:	Loan
Balance at 1 June 2013:	£ 16,200
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 May 2014:	£ 16,200