Music Dynamics Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03094915 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

MUSIC DYNAMICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A N Grigg

REGISTERED OFFICE:

Grove Lodge

Watledge

Nailsworth

Stroud

Gloucestershire

GL6 0AP

REGISTERED NUMBER:

03094915 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

2

22,248

40,163

CURRENT ASSETS

Stocks

172,762

185,012

Debtors

19,319

17,507

Cash at bank

43,015

18,380

235,096

220,899

CREDITORS

Amounts falling due within one year

213,105

226,576

NET CURRENT ASSETS/(LIABILITIES)

21,991

(5,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,239

34,486

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

44,139

34,386

SHAREHOLDERS' FUNDS

44,239

34,486

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2015 and were signed by:

A N Grigg - 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.

Plant and machinery etc

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

134,596

DEPRECIATION

At 1 January 2014

94,433

Charge for year

17,915

At 31 December 2014

112,348

NET BOOK VALUE

At 31 December 2014

22,248

At 31 December 2013

40,163

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .

5.	ULTIMATE CONTROLLING PARTY