Music Matters Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02541173 (England and Wales)

MUSIC MATTERS LIMITED

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Ardern

P Parker

SECRETARY:

R Ardern

REGISTERED OFFICE:

363 Hagley Road,

Edgbaston,

Birmingham

West Midlands,

B17 8DL

REGISTERED NUMBER:

02541173 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

84,985

89,304

84,985

89,304

CURRENT ASSETS

Stocks

772,254

794,199

Debtors

272,868

286,649

1,045,122

1,080,848

CREDITORS

Amounts falling due within one year

4

669,567

710,250

NET CURRENT ASSETS

375,555

370,598

TOTAL ASSETS LESS CURRENT LIABILITIES

460,540

459,902

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

450,540

449,902

SHAREHOLDERS' FUNDS

460,540

459,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2016 and were signed on its behalf by:

R Ardern - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% and 33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

22,500

AMORTISATION

At 1 May 2014

and 30 April 2015

22,500

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

201,936

DEPRECIATION

At 1 May 2014

112,632

Charge for year

4,319

At 30 April 2015

116,951

NET BOOK VALUE

At 30 April 2015

84,985

At 30 April 2014

89,304

4.

CREDITORS

Creditors include an amount of £ 262,475 (2014 - £ 272,231 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted

and

issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

10,000

Ordinary

£1

10,000

10,000

6.	SECURED DEBTS

The company's bank loan and overdraft facilities are secured by a fixed charge on its land and buildings and a

debenture over its assets.