Abbreviated Company Accounts - MUSICHALL LIMITED

03940896 MUSICHALL LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 03940896 2014-06-01 2015-05-31 03940896 2015-05-31 03940896 2014-05-31 03940896 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 03940896 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 03940896

MUSICHALL LIMITED

Abbreviated Accounts

31 May 2015

MUSICHALL LIMITED Registered Number 03940896

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,851	8,357
		6,851	8,357
Current assets
Debtors		49,586	43,532
		49,586	43,532
Creditors: amounts falling due within one year		(56,322)	(51,884)
Net current assets (liabilities)		(6,736)	(8,352)
Total assets less current liabilities		115	5
Total net assets (liabilities)		115	5
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		114	4
Shareholders' funds		115	5

For the year ending 31 May 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 29 February 2016

And signed on their behalf by:
P M Hall, Director

MUSICHALL LIMITED Registered Number 03940896

Notes to the Abbreviated Accounts for the period ended 31 May 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

2Tangible fixed assets

	£
Cost
At 1 June 2014	25,771
Additions	1,155
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	26,926
Depreciation
At 1 June 2014	17,414
Charge for the year	2,661
On disposals	-
At 31 May 2015	20,075
Net book values
At 31 May 2015	6,851
At 31 May 2014	8,357

3Called Up Share Capital
Allotted, called up and fully paid:

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

4Transactions with directors

Name of director receiving advance or credit:	P M Hall
Description of the transaction:	Loan
Balance at 1 June 2014:	£ 23,850
Advances or credits made:	£ 14,522
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 38,372