Company Registration No. 06124923 (England and Wales)
ACADEMY RECORDINGS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ACADEMY RECORDINGS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ACADEMY RECORDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
-
406
Cash at bank and in hand
4,228
2,675
4,228
3,081
Creditors: amounts falling due within one year
(3,479)
(2,319)
Total assets less current liabilities
749
762
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
747
760
Shareholders' funds
749
762
For the financial year ended 31 March 2015 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 for issue on 22 December 2015
Mr S Darlow
Director
Company Registration No. 06124923
ACADEMY RECORDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 royalties received and receivable at the year end. Turnover is recognised on an accruals basis with reference to the issue date of invoices.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
3
Ultimate parent company
There is no ultimate controlling party as the immediate parent company is a company limited by guarantee.
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