Studio One South West Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07505024 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

STUDIO ONE SOUTH WEST LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Fowdon

REGISTERED OFFICE:

Residence One

Royal William Yard

Plymouth

Devon

PL1 3RP

REGISTERED NUMBER:

07505024 (England and Wales)

ACCOUNTANTS:

Batterbee Thompson & Co Ltd

Units 7 and 8

Cargo Workspace

41-43 George Place

Plymouth

Devon

PL1 3DX

FIXED ASSETS

Intangible assets

2

6,000

7,000

Tangible assets

3

19,126

1,115

25,126

8,115

CURRENT ASSETS

Debtors

51,181

34,419

Cash at bank

4,250

12,603

55,431

47,022

CREDITORS

Amounts falling due within one year

68,106

50,553

NET CURRENT LIABILITIES

(12,675

)

(3,531

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,451

4,584

CREDITORS

Amounts falling due after more than one year

(6,017

)

-

PROVISIONS FOR LIABILITIES

(3,825

)

(223

)

NET ASSETS

2,609

4,361

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

1,609

3,361

SHAREHOLDERS' FUNDS

2,609

4,361

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 6 November 2015 and were signed by:

M Fowdon - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a

straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

10,000

AMORTISATION

At 1 April 2014

3,000

Amortisation for year

1,000

At 31 March 2015

4,000

NET BOOK VALUE

At 31 March 2015

6,000

At 31 March 2014

7,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

4,368

Additions

19,156

At 31 March 2015

23,524

DEPRECIATION

At 1 April 2014

3,253

Charge for year

1,145

At 31 March 2015

4,398

NET BOOK VALUE

At 31 March 2015

19,126

At 31 March 2014

1,115

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000