Nigel Morley Music Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06389271 (England and Wales)

NIGEL MORLEY MUSIC SERVICES LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N P Morley

SECRETARY:

N P Morley

REGISTERED OFFICE:

Rollestone House

Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

REGISTERED NUMBER:

06389271 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Intangible assets

2

12,350

13,300

Tangible assets

3

1,213

1,426

13,563

14,726

CURRENT ASSETS

Debtors

-

13,695

Cash at bank

311

836

311

14,531

CREDITORS

Amounts falling due within one year

12,350

11,921

NET CURRENT (LIABILITIES)/ASSETS

(12,039

)

2,610

TOTAL ASSETS LESS CURRENT LIABILITIES

1,524

17,336

PROVISIONS FOR LIABILITIES

243

103

NET ASSETS

1,281

17,233

CAPITAL AND RESERVES

Called up share capital

4

500

500

Profit and loss account

781

16,733

SHAREHOLDERS' FUNDS

1,281

17,233

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 14 July 2015 and were signed by:

N P Morley - Director

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 2007, 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.

Office equipment

-

15% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

19,000

AMORTISATION

At 1 November 2013

5,700

Amortisation for year

950

At 31 October 2014

6,650

NET BOOK VALUE

At 31 October 2014

12,350

At 31 October 2013

13,300

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

3,627

DEPRECIATION

At 1 November 2013

2,201

Charge for year

213

At 31 October 2014

2,414

NET BOOK VALUE

At 31 October 2014

1,213

At 31 October 2013

1,426

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

500

Ordinary

£1

500

500