Wandering Star Music Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03308917 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Wandering Star Music Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P Berrow

Mr M Berrow

SECRETARY:

Ms S H Paddon

REGISTERED OFFICE:

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

REGISTERED NUMBER:

03308917 (England and Wales)

ACCOUNTANTS:

S&T Accountants Ltd

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

FIXED ASSETS

Tangible assets

2

410

546

CURRENT ASSETS

Debtors

314,533

314,533

CREDITORS

Amounts falling due within one year

515,528

515,350

NET CURRENT LIABILITIES

(200,995

)

(200,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(200,585

)

(200,271

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(200,586

)

(200,272

)

SHAREHOLDERS' FUNDS

(200,585

)

(200,271

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 July 2014 and were signed on its behalf by:

Mr M Berrow - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a Going Concern basis as the Inter Company loans shown on the balance sheet

total £200,994.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

1,723

DEPRECIATION

At 1 April 2013

1,177

Charge for year

136

At 31 March 2014

1,313

NET BOOK VALUE

At 31 March 2014

410

At 31 March 2013

546

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All transactions with the Directors are entered through the Directors Current Account.

5.	RELATED PARTY DISCLOSURES

Paul and Michael Berrow are Directors of Wandering Star Media Ltd, Wandering Star Publishing Ltd,

Wandering Star Ltd, Log Networks Ltd (formerly Bandname.com Ltd) and Wandering Star Records Ltd. There

are inter-company loans between these companies which are shown on the balance sheet.

6.	CONTROLLING PARTY

The company is under the control of the Directors, Paul and Michael Berrow.