Music Legacy Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05015480 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

MUSIC LEGACY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R A Esau

M M Young

SECRETARY:

R S Harris FCCA

REGISTERED OFFICE:

7 Headingley Close

Shenley

Radlett

WD7 9HY

REGISTERED NUMBER:

05015480 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Tangible assets

2

5,278

5,278

CURRENT ASSETS

Cash in hand

4

4

CREDITORS

Amounts falling due within one year

28,299

28,299

NET CURRENT LIABILITIES

(28,295

)

(28,295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,017

)

(23,017

)

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(23,021

)

(23,021

)

SHAREHOLDERS' FUNDS

(23,017

)

(23,017

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 25 October 2015 and were signed on its behalf by:

R A Esau - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, notwithstanding the net current liabilities

at the balance sheet date of £28,295. The directors consider this basis to be appropriate, as their continuing

financial support is expected to be forthcoming.

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).

The company was dormant throughout the current year and previous year.

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

-

15% on reducing balance

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 February 2014

and 31 January 2015

10,050

DEPRECIATION

At 1 February 2014

and 31 January 2015

4,772

NET BOOK VALUE

At 31 January 2015

5,278

At 31 January 2014

5,278

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

4

Ordinary

£1

4

4