TRI-TONE_MUSIC_LIMITED - Accounts

TRI-TONE MUSIC LIMITED - Company Information

Print Friendly Version

Company Registration No. 04050926 (England and Wales)

TRI-TONE MUSIC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2015

TRI-TONE MUSIC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TRI-TONE MUSIC LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 AUGUST 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

7,787

5,655

Cash at bank and in hand

6,612

1,389

14,399

7,044

Creditors: amounts falling due within one year

(28,241)

(38,137)

Total assets less current liabilities

(13,842)

(31,093)

Capital and reserves

Called up share capital

Profit and loss account

(13,844)

(31,095)

Shareholders' funds

(13,842)

(31,093)

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 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 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 and authorised for issue on 1 July 2016

Mr Simon Duffy

Director

Company Registration No. 04050926

TRI-TONE MUSIC 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).

The financial statements have been prepared on a going concern basis. The director and sole shareholder is of the view that the company will be able to trade profitably in order to meet its debts as and when they fall due.

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.

1.4

Deferred taxation

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax assets are only recognised to the extent that they are considered recoverable against future taxable profits. Deferred tax is measured at the tax rates that are expected to apply in the periods in which the timing differences are expected to reverse. Deferred tax balances are not discounted.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each