Abbreviated Company Accounts - SIMON SHARP MUSIC LIMITED

SIMON SHARP MUSIC LIMITED - Company Information

Registered Number 08254735

SIMON SHARP MUSIC LIMITED

Abbreviated Accounts

31 October 2015

SIMON SHARP MUSIC LIMITED Registered Number 08254735

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,357	4,357
		4,357	4,357
Current assets
Cash at bank and in hand		28,675	13,827
		28,675	13,827
Net current assets (liabilities)		28,675	13,827
Total assets less current liabilities		33,032	18,184
Creditors: amounts falling due after more than one year		(32,812)	(17,970)
Total net assets (liabilities)		220	214
Capital and reserves
Called up share capital		1	1
Profit and loss account		219	213
Shareholders' funds		220	214

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 24 July 2016

And signed on their behalf by:
Simon Sharp, Director

SIMON SHARP MUSIC LIMITED Registered Number 08254735

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

1Accounting Policies

Basis of measurement and preparation of accounts
The Financial Statements have been prepared in accordance with applicable Accounting Standards under the historical cost convention.
The company has taken advantage of the exemptions in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets other than freehold land by equal annual instalments by reducing balance method over their expected useful lives. The rates and periods generally applicable are:-

Furniture and equipment 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2014	10,326
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	10,326
Depreciation
At 1 November 2014	5,969
Charge for the year	-
On disposals	-
At 31 October 2015	5,969
Net book values
At 31 October 2015	4,357
At 31 October 2014	4,357