Rock Sound Limited - Abbreviated accounts

Registered number

03657331

Rock Sound Limited

Abbreviated Accounts

31 December 2014

Rock Sound Limited
Registered number:		03657331
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		20,492			5,654

Current assets
Debtors		141,457			172,504
Cash at bank and in hand		154,434			143,261
		295,891			315,765

Creditors: amounts falling due within one year		(113,931)			(139,963)

Net current assets			181,960			175,802

Net assets			202,452			181,456

Capital and reserves
Called up share capital	3		802,068			802,068
Profit and loss account			(599,616)			(620,612)

Shareholder's funds			202,452			181,456

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P Napier
Director
Approved by the board on 24 September 2015

Rock Sound Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of magazine and advertising space sales to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			33% straight line


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					8,638
	Additions					26,117
	Disposals					(4,503)
	At 31 December 2014					30,252

	Depreciation
	At 1 January 2014					2,984
	Charge for the year					8,409
	On disposals					(1,633)
	At 31 December 2014					9,760

	Net book value
	At 31 December 2014					20,492
	At 31 December 2013					5,654


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		802,068		802,068		802,068