Magick Eye Records Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02642350

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

MAGICK EYE RECORDS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

C M Hillman

C R Hillman

SECRETARY:

C R Hillman

REGISTERED OFFICE:

3 Thomas Lane

Finchamptead

Woikingham

RG40 4RU

REGISTERED NUMBER:

02642350

ACCOUNTANTS:

F A Magee & Co

Chartered Accountants

Registered Auditors

Wimborne House

4-6 Pump Lane

Hayes

Middlesex

UB3 3NB

FIXED ASSETS

Tangible assets

2

622

1,352

CURRENT ASSETS

Debtors

7,758

8,065

Cash at bank

366

6,677

8,124

14,742

CREDITORS

Amounts falling due within one year

6,267

3,855

NET CURRENT ASSETS

1,857

10,887

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,479

12,239

PROVISIONS FOR LIABILITIES

223

NET ASSETS

2,256

12,016

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

2,156

11,916

SHAREHOLDERS' FUNDS

2,256

12,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14th September 2015 and were signed on its
behalf by:

C M Hillman - 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.

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

-

20% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

6,374

DEPRECIATION

At 1st January 2014

5,022

Charge for year

730

At 31st December 2014

5,752

NET BOOK VALUE

At 31st December 2014

622

At 31st December 2013

1,352

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

100

Ordinary Share

1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2014 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.