Black Wood Music Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07942241 (England and Wales)

Abbreviated Accounts

for the Year Ended 28 February 2015

for

Black Wood Music Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss L Marxen

REGISTERED OFFICE:

Studio 2

Excel Building

6-16 Arbutus Street

London

E8 4DT

REGISTERED NUMBER:

07942241 (England and Wales)

ACCOUNTANTS:

Lucraft Hodgson & Dawes LLP

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

FIXED ASSETS

Tangible assets

2

558

-

CURRENT ASSETS

Debtors

383

1,693

Cash at bank

7,623

1,358

8,006

3,051

CREDITORS

Amounts falling due within one year

8,024

3,050

NET CURRENT (LIABILITIES)/ASSETS

(18

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

540

1

PROVISIONS FOR LIABILITIES

112

-

NET ASSETS

428

1

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

427

-

SHAREHOLDERS' FUNDS

428

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 November 2015 and were signed by:

Miss L Marxen - 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 services, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in the

financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be

recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can

be deducted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

833

At 28 February 2015

833

DEPRECIATION

Charge for year

275

At 28 February 2015

275

NET BOOK VALUE

At 28 February 2015

558

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2015 and

28 February 2014:

28.2.15

28.2.14

£

£

Miss L Marxen

Balance outstanding at start of year

1,098

-

Amounts advanced

-

1,098

Amounts repaid

(1,098

)

-

Balance outstanding at end of year

-

1,098

During the year the company provided a loan to the director which was interest free and unsecured. The loan was

repayable on demand and was settled in full following the balancing sheet date.