SOUND_AND_VISION_GUYS_LIM - Accounts

SOUND AND VISION GUYS LIMITED - Company Information

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Company Registration No. 02815242 (England and Wales)

SOUND AND VISION GUYS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

SOUND AND VISION GUYS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SOUND AND VISION GUYS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Current assets

Cash at bank and in hand

139

Creditors: amounts falling due within one year

(3,681)

(3,820)

Total assets less current liabilities

(3,681)

Capital and reserves

Called up share capital

100

Profit and loss account

(3,781)

Shareholders' funds

(3,681)

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.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 31 May 2016

Mr J Meah

Director

Company Registration No. 02815242

SOUND AND VISION GUYS 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).

These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence, for at least twelve months from the date of their signature.

At the year end the balance sheet showed an insolvent position of £3,681 (2014: £3,681). The company is reliant on the continued support of its director in order to provide its day to day working capital requirements, who has confirmed this support will not be withdrawn to the detriment of the company.

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

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

At the year end date the director was owed by way of his director's current account £ 3,681 (2014 £ 3,460).