Sound Identity Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02205097 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

Sound Identity Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr C J Brown

REGISTERED OFFICE:

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

REGISTERED NUMBER:

02205097 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

4,378

5,151

Investments

3

366,000

328,000

Investment property

4

1,250,000

1,250,000

1,620,378

1,583,151

CURRENT ASSETS

Debtors

3,154

1,503

Cash at bank

10,132

298

13,286

1,801

CREDITORS

Amounts falling due within one year

(30,347

)

(23,516

)

NET CURRENT LIABILITIES

(17,061

)

(21,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,603,317

1,561,436

PROVISIONS FOR LIABILITIES

(876

)

(667

)

NET ASSETS

1,602,441

1,560,769

CAPITAL AND RESERVES

Called up share capital

5

2

2

Investment revaluation reserve

1,187,184

1,155,684

Profit and loss account

415,255

405,083

SHAREHOLDERS' FUNDS

1,602,441

1,560,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 31 July 2015 and were signed by:

Mr C J Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by

the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

The turnover shown in the profit and loss account represents amounts receivable during the year,

exclusive of Value Added Tax. Royalty income is recognised on receipt.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

Deferred tax

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

at the balance sheet date, where transaction or events that result in an obligation to pay more or a

right to pay less tax in the future have occurred by the balance sheet date with certain limited

exceptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on tax rates and laws enacted

or substantively enacted at the balance sheet date.

Investments

Fixed asset investments are stated at cost less provision for diminution in value. Profits or losses

arising from disposals of fixed asset investments are included as part of the results from ordinary

activities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

36,027

DEPRECIATION

At 1 May 2014

30,876

Charge for year

773

At 30 April 2015

31,649

NET BOOK VALUE

At 30 April 2015

4,378

At 30 April 2014

5,151

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 May 2014

363,000

Revaluations

31,500

At 30 April 2015

394,500

PROVISIONS

At 1 May 2014

35,000

Provision written back

(6,500

)

At 30 April 2015

28,500

NET BOOK VALUE

At 30 April 2015

366,000

At 30 April 2014

328,000

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2014

and 30 April 2015

1,250,000

NET BOOK VALUE

At 30 April 2015

1,250,000

At 30 April 2014

1,250,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

2

Ordinary

£1

2

2