PURE_PLEASURE_RECORDS_LTD - Accounts

PURE PLEASURE RECORDS LIMITED - Company Information

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Company Registration No. 4564769 (England and Wales)

PURE PLEASURE RECORDS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

PURE PLEASURE RECORDS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PURE PLEASURE RECORDS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

351

804

Current assets

Stocks

100,618

134,240

Debtors

27,728

34,400

Cash at bank and in hand

8,415

10,479

136,761

179,119

Creditors: amounts falling due within one year

(19,262)

(29,360)

Net current assets

117,499

149,759

Total assets less current liabilities

117,850

150,563

Capital and reserves

Called up share capital

100

Profit and loss account

117,750

150,463

Shareholders' funds

117,850

150,563

For the financial year ended 31 October 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 28 July 2016

A Hickmott

S Hickmott

Director

Company Registration No. 4564769

PURE PLEASURE RECORDS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 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 goods and services net of VAT and trade discounts.

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:

Equipments

5 years Straight Line

Fixtures & fittings

5 years Straight Line

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.

Fixed assets

Tangible assets

Cost

At 1 November 2014 & at 31 October 2015

9,500

Depreciation

At 1 November 2014

8,696

Charge for the year

453

At 31 October 2015

9,149

Net book value

At 31 October 2015

351

At 31 October 2014

804

PURE PLEASURE RECORDS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100