Definitive Audio Ltd - Limited company - abbreviated - 11.6

Definitive Audio Ltd - Limited company - abbreviated - 11.6

DEFINITIVE AUDIO LTD - Company Information

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REGISTERED NUMBER: 04857334 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

DEFINITIVE AUDIO LTD

DEFINITIVE AUDIO LTD (REGISTERED NUMBER: 04857334)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30 September 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

DEFINITIVE AUDIO LTD

COMPANY INFORMATION
for the Year Ended 30 September 2014







DIRECTOR: K J Scott





SECRETARY: Mrs L Scott





REGISTERED OFFICE: Stanhope House
Harrington Mills
Leopold Street
Long Eaton
Nottinghamshire
NG10 4QE





REGISTERED NUMBER: 04857334 (England and Wales)





ACCOUNTANTS: D.J. Beer & Co
335 Jockey Road
Sutton Coldfield
West Midlands
B73 5XE
Page 1
DEFINITIVE AUDIO LTD (REGISTERED NUMBER: 04857334)

ABBREVIATED BALANCE SHEET
30 September 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 27,000 30,000
Tangible assets 3 9,521 7,193
36,521 37,193

CURRENT ASSETS
Stocks 122,065 63,220
Debtors 28,558 17,172
Cash at bank 40,013 33,292
190,636 113,684
CREDITORS
Amounts falling due within one year 106,434 98,238
NET CURRENT ASSETS 84,202 15,446
TOTAL ASSETS LESS CURRENT
LIABILITIES
120,723
52,639

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 120,721 52,637
SHAREHOLDERS' FUNDS 120,723 52,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11 June 2015 and were signed by:





K J Scott - Director


The notes form part of these abbreviated accounts

Page 2
DEFINITIVE AUDIO LTD (REGISTERED NUMBER: 04857334)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 September 2014

1. ACCOUNTING POLICIES

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).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 60,000
AMORTISATION
At 1 October 2013 30,000
Amortisation for year 3,000
At 30 September 2014 33,000
NET BOOK VALUE

At 30 September 2014 27,000
At 30 September 2013 30,000

Page 3 continued...
DEFINITIVE AUDIO LTD (REGISTERED NUMBER: 04857334)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 30 September 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 37,132
Additions 4,929
At 30 September 2014 42,061
DEPRECIATION
At 1 October 2013 29,939
Charge for year 2,601
At 30 September 2014 32,540
NET BOOK VALUE
At 30 September 2014 9,521
At 30 September 2013 7,193

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Page 4