Abbreviated Company Accounts - VIRTUOSO MUSIC MANAGEMENT LTD

VIRTUOSO MUSIC MANAGEMENT LTD - Company Information

06421534 VIRTUOSO MUSIC MANAGEMENT LTD 2014-07-30 false 2013-07-31 2014-07-30 true 06421534 2013-07-31 2014-07-30 06421534 2014-07-30 06421534 2013-07-30 06421534 uk-gaap-cd-bus:Director1 2013-07-31 2014-07-30 06421534 uk-gaap-cd-bus:Director2 2013-07-31 2014-07-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 2014-07-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-30 iso4217:GBP shares

Registered Number 06421534

VIRTUOSO MUSIC MANAGEMENT LTD

Abbreviated Accounts

30 July 2014

VIRTUOSO MUSIC MANAGEMENT LTD Registered Number 06421534

Abbreviated Balance Sheet as at 30 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	170	340
		170	340
Current assets
Stocks		488,117	436,013
Debtors		5,896	96,087
Cash at bank and in hand		60,086	152,843
		554,099	684,943
Creditors: amounts falling due within one year		(30,736)	(111,642)
Net current assets (liabilities)		523,363	573,301
Total assets less current liabilities		523,533	573,641
Total net assets (liabilities)		523,533	573,641
Capital and reserves
Called up share capital	3	99	99
Profit and loss account		523,434	573,542
Shareholders' funds		523,533	573,641

For the year ending 30 July 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 29 April 2015

And signed on their behalf by:
S Kim, Director

VIRTUOSO MUSIC MANAGEMENT LTD Registered Number 06421534

Notes to the Abbreviated Accounts for the period ended 30 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures & fittings - 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Tangible fixed assets

	£
Cost
At 31 July 2013	680
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 July 2014	680
Depreciation
At 31 July 2013	340
Charge for the year	170
On disposals	-
At 30 July 2014	510
Net book values
At 30 July 2014	170
At 30 July 2013	340

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

	2014 £	2013 £
99 Ordinary shares of £1 each	99	99