Abbreviated Company Accounts - ABSOLUTE SOUNDS LIMITED

ABSOLUTE SOUNDS LIMITED - Company Information

01521125 ABSOLUTE SOUNDS LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 01521125 2014-05-01 2015-04-30 01521125 2015-04-30 01521125 2014-04-30 01521125 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 01521125 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 01521125

ABSOLUTE SOUNDS LIMITED

Abbreviated Accounts

30 April 2015

ABSOLUTE SOUNDS LIMITED Registered Number 01521125

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	-	-
		1	1
Current assets
Stocks		860,432	525,907
Debtors		707,095	835,260
		1,567,527	1,361,167
Creditors: amounts falling due within one year		(987,461)	(841,896)
Net current assets (liabilities)		580,066	519,271
Total assets less current liabilities		580,067	519,272
Creditors: amounts falling due after more than one year		(276,573)	(248,040)
Accruals and deferred income		(106,127)	(110,627)
Total net assets (liabilities)		197,367	160,605
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		197,267	160,505
Shareholders' funds		197,367	160,605

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 January 2016

And signed on their behalf by:
Ricardo Franassovici, Director

ABSOLUTE SOUNDS LIMITED Registered Number 01521125

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods ,excluding value added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Improvement 10% straight line
Fixtures & equipment 10% straight-line
Motor vehicle - over 5 years.

Intangible assets amortisation policy
Stocks are valued at the lower of cost and net realisable value,after making due allowance for obsolete and slow moving items.

Other accounting policies
Assets and Liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.Transaction 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.

2Intangible fixed assets

	£
Cost
At 1 May 2014	48,080
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	48,080
Amortisation
At 1 May 2014	48,079
Charge for the year	-
On disposals	-
At 30 April 2015	48,079
Net book values
At 30 April 2015	1
At 30 April 2014	1

3Tangible fixed assets

	£
Cost
At 1 May 2014	184,099
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	184,099
Depreciation
At 1 May 2014	184,099
Charge for the year	-
On disposals	-
At 30 April 2015	184,099
Net book values
At 30 April 2015	0
At 30 April 2014	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100