Company Registration No. 07478014 (England and Wales)
AUDIOAGENT.COM LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
AUDIOAGENT.COM LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AUDIOAGENT.COM LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
21,875
25,000
Tangible assets
2
10,576
7,550
32,451
32,550
Current assets
Debtors
338,679
221,862
Cash at bank and in hand
21,118
33,889
359,797
255,751
Creditors: amounts falling due within one year
(323,206)
(235,693)
Net current assets
36,591
20,058
Total assets less current liabilities
69,042
52,608
Provisions for liabilities
(1,878)
67,164
52,608
Capital and reserves
Called up share capital
3
910
910
Profit and loss account
66,254
51,698
Shareholders' funds
67,164
52,608
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 March 2014
Mr M A J Gates
Director
Company Registration No. 07478014
AUDIOAGENT.COM LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2013
31,250
9,217
40,467
Additions
4,893
4,893
At 31 December 2013
31,250
14,110
45,360
Depreciation
At 1 January 2013
6,250
1,667
7,917
Charge for the year
3,125
1,867
4,992
At 31 December 2013
9,375
3,534
12,909
Net book value
At 31 December 2013
21,875
10,576
32,451
At 31 December 2012
25,000
7,550
32,550
AUDIOAGENT.COM LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
910 Ordinary of £1 each
910
910
2013-12-312013-01-01truetruetruefalsetruetruetmp698.html2014-09-29074780142013-01-012013-12-31074780142013-12-31074780142012-12-31074780142012-12-3107478014uk-bus:Director22013-01-012013-12-3107478014uk-gaap:FixturesFittingsToolsEquipment2013-01-012013-12-3107478014uk-bus:OrdinaryShareClass12013-01-012013-12-3107478014uk-bus:OrdinaryShareClass12013-12-3107478014uk-bus:OrdinaryShareClass12012-12-3107478014uk-curr:PoundSterling2013-01-012013-12-31xbrli:purexbrli:sharesiso4217:GBP
