EMU_EDUCATION_LIMITED - Accounts

EMU EDUCATION LIMITED - Company Information

Print Friendly Version

Company Registration No. 08503412 (England and Wales)

EMU EDUCATION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

EMU EDUCATION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EMU EDUCATION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,145

4,923

Current assets

Debtors

63,779

97,969

Cash at bank and in hand

2,545

5,544

66,324

103,513

Creditors: amounts falling due within one year

(459,753)

(264,248)

Net current liabilities

(393,429)

(160,735)

Total assets less current liabilities

(387,284)

(155,812)

Capital and reserves

Called up share capital

100

Profit and loss account

(387,384)

(155,912)

Shareholders' funds

(387,284)

(155,812)

For the financial Year ended 31 August 2015 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 17 May 2016

Ms Sarah Clayman

Director

Company Registration No. 08503412

EMU EDUCATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

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 musical education services .musical education services.

1.4

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:

Library resources

Straight line over five years

Fixtures, fittings & equipment

Straight line over five years

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Going concern

The accounts have been prepared on a going concern basis. The company is financially supported by loans from its directors and holding company. This support will continue for the foreseeable future. The accounts do not include any adjustments that would result from the withdrawal of these loans.

EMU EDUCATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 September 2014

5,600

Additions

2,600

At 31 August 2015

8,200

Depreciation

At 1 September 2014

677

Charge for the period

1,378

At 31 August 2015

2,055

Net book value

At 31 August 2015

6,145

At 31 August 2014

4,923

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100