Harry Peat Music Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06938231 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2015

for

Harry Peat Music Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

H M R Peat

SECRETARY:

Mrs S Peat

REGISTERED OFFICE:

Leighton Cottage

Leighton Road

Horsted Keynes

Haywards Heath

West Sussex

RH17 7AX

REGISTERED NUMBER:

06938231 (England and Wales)

ACCOUNTANTS:

Harvey R S Lee & Co

4 Burton Road

Poole

Dorset

BH13 6DU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,396

4,369

4,396

4,369

CURRENT ASSETS

Debtors

882

549

Cash at bank

30,455

37,920

31,337

38,469

CREDITORS

Amounts falling due within one year

12,494

19,179

NET CURRENT ASSETS

18,843

19,290

TOTAL ASSETS LESS CURRENT LIABILITIES

23,239

23,659

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

23,139

23,559

SHAREHOLDERS' FUNDS

23,239

23,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 March 2016 and were signed by:

H M R Peat - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

50,000

AMORTISATION

At 1 July 2014

and 30 June 2015

50,000

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

18,463

Additions

1,643

At 30 June 2015

20,106

DEPRECIATION

At 1 July 2014

14,094

Charge for year

1,616

At 30 June 2015

15,710

NET BOOK VALUE

At 30 June 2015

4,396

At 30 June 2014

4,369

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100