Claudio Records Limited - Limited company - abbreviated

REGISTERED NUMBER: 03185281 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2014 to 30 April 2015

for

CLAUDIO RECORDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C W Attwell

SECRETARY:

I D Attwell

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

03185281 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co.

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

2

18,165

13,843

CURRENT ASSETS

Stocks

580

600

Debtors

2,033

3,421

Cash at bank and in hand

15,149

17,642

17,762

21,663

CREDITORS

Amounts falling due within one year

30,101

29,195

NET CURRENT LIABILITIES

(12,339

)

(7,532

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,826

6,311

PROVISIONS FOR LIABILITIES

3,186

2,215

NET ASSETS

2,640

4,096

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

2,638

4,094

SHAREHOLDERS' FUNDS

2,640

4,096

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

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

C W Attwell - 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 comprises revenue recognised by the company in respect of goods and services supplied.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

32,440

Additions

7,199

At 30 April 2015

39,639

DEPRECIATION

At 1 April 2014

18,597

Charge for period

2,877

At 30 April 2015

21,474

NET BOOK VALUE

At 30 April 2015

18,165

At 31 March 2014

13,843

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

Claudio Records Limited - Limited company - abbreviated - 11.9

Claudio Records Limited - Limited company - abbreviated - 11.9