Abbreviated Company Accounts - SOUND WAVE MUSIC 5 LIMITED

SOUND WAVE MUSIC 5 LIMITED - Company Information

08749416 SOUND WAVE MUSIC 5 LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 08749416 2014-11-01 2015-10-31 08749416 2015-10-31 08749416 2014-10-31 08749416 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 08749416 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-31 iso4217:GBP shares

Registered Number 08749416

SOUND WAVE MUSIC 5 LIMITED

Abbreviated Accounts

31 October 2015

SOUND WAVE MUSIC 5 LIMITED Registered Number 08749416

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Current assets
Debtors	2	8,868	15,506
Cash at bank and in hand		21,406	39,513
		30,274	55,019
Creditors: amounts falling due within one year		(1,293)	(2,548)
Net current assets (liabilities)		28,981	52,471
Total assets less current liabilities		28,981	52,471
Total net assets (liabilities)		28,981	52,471
Capital and reserves
Called up share capital	3	13,570	13,570
Share premium account		122,126	122,126
Profit and loss account		(106,715)	(83,225)
Shareholders' funds		28,981	52,471

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 July 2016

And signed on their behalf by:
Mr R J Cook, Director

SOUND WAVE MUSIC 5 LIMITED Registered Number 08749416

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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).

Turnover policy
Turnover represents income due from Royalties in respect of sales of physical and digital media,
International Recording income, Phonographic Performance income, Licensing and other income associated with the publication and release of copyrighted music recognised at the point at which it is due to the recording artist or licensee. This income is accumulated by the distributor for release at the end of the copyright exclusivity period.

2Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	0	14,383

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5 B Ordinary shares of £0.10 each	1	1
135,690 A Ordinary shares of £0.10 each	13,569	13,569

Each Ordinary A share equals the right to receive notice and to attend, speak and vote at all general meetings of the company. Any profits determined to be distributed will first be distributed to the holders of A Ordinary shares pro-rata until in aggregate they have received £1 per share and then any further profits are to be distributed 75% of value pro-rata to each holder. Each Ordinary B share equals the right to receive notice and to attend, speak and vote at all general meeting of the company. Any profits determined to be distributed once the A shareholders have received their share at 25% of value pro-rata to each holder.