Nigel Morley Music Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06389271 (England and Wales)

NIGEL MORLEY MUSIC SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N P Morley

SECRETARY:

N P Morley

REGISTERED OFFICE:

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

REGISTERED NUMBER:

06389271 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Intangible assets

2

11,400

12,350

Tangible assets

3

1,030

1,213

12,430

13,563

CURRENT ASSETS

Cash at bank

4,499

311

CREDITORS

Amounts falling due within one year

14,711

12,350

NET CURRENT LIABILITIES

(10,212

)

(12,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,218

1,524

PROVISIONS FOR LIABILITIES

206

243

NET ASSETS

2,012

1,281

CAPITAL AND RESERVES

Called up share capital

4

500

500

Profit and loss account

1,512

781

SHAREHOLDERS' FUNDS

2,012

1,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 July 2016 and were signed by:

N P Morley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

19,000

AMORTISATION

At 1 November 2014

6,650

Amortisation for year

950

At 31 October 2015

7,600

NET BOOK VALUE

At 31 October 2015

11,400

At 31 October 2014

12,350

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

3,627

DEPRECIATION

At 1 November 2014

2,414

Charge for year

183

At 31 October 2015

2,597

NET BOOK VALUE

At 31 October 2015

1,030

At 31 October 2014

1,213

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

500

Ordinary

£1

500

500