H_&_H_MUSIC_LIMITED - Accounts

H & H MUSIC LIMITED - Company Information

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Company Registration No. 05502808 (England and Wales)

H & H MUSIC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

H & H MUSIC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

H & H MUSIC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

597

1,191

Current assets

Stocks

25,642

18,135

Debtors

39,818

21,391

Cash at bank and in hand

51,578

53,680

117,038

93,206

Creditors: amounts falling due within one year

(82,749)

(56,231)

Net current assets

34,289

36,975

Total assets less current liabilities

34,886

38,166

Capital and reserves

Called up share capital

100

Profit and loss account

34,786

38,066

Shareholders' funds

34,886

38,166

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 April 2015

S A G Brink

J P Brink

Director

Company Registration No. 05502808

H & H MUSIC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 October 2013 & at 30 September 2014

7,873

Depreciation

At 1 October 2013

6,682

Charge for the year

594

At 30 September 2014

7,276

Net book value

At 30 September 2014

597

At 30 September 2013

1,191

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100