SOUND_CHAMBER_LIMITED - Accounts

SOUND CHAMBER LIMITED - Company Information

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Company Registration No. 03132902 (England and Wales)

SOUND CHAMBER LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

SOUND CHAMBER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SOUND CHAMBER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,541

6,055

Current assets

Debtors

733

1,118

733

1,118

Creditors: amounts falling due within one year

(7,208)

(5,661)

Net current liabilities

(6,475)

(4,543)

Total assets less current liabilities

(1,934)

1,512

Capital and reserves

Called up share capital

Profit and loss account

(1,936)

1,510

Shareholders' funds

(1,934)

1,512

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 28 August 2014

G. A. Balfour-Kinnear

Director

Company Registration No. 03132902

SOUND CHAMBER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 January 2013 & at 31 December 2013

49,300

Depreciation

At 1 January 2013

43,245

Charge for the year

1,514

At 31 December 2013

44,759

Net book value

At 31 December 2013

4,541

At 31 December 2012

6,055

Share capital

2013

2012

Allotted, called up and fully paid

2 Ordinary shares of £1 each