Abbreviated Company Accounts - AUDIOAGENT.COM LIMITED

FOCALAGENT LIMITED - Company Information

Registered Number 07478014

AUDIOAGENT.COM LIMITED

Abbreviated Accounts

31 December 2015

AUDIOAGENT.COM LIMITED Registered Number 07478014

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	15,625	18,750
Tangible assets	3	39,111	33,181
		54,736	51,931
Current assets
Debtors		524,423	458,409
Cash at bank and in hand		713,400	391,498
		1,237,823	849,907
Creditors: amounts falling due within one year		(744,010)	(691,317)
Net current assets (liabilities)		493,813	158,590
Total assets less current liabilities		548,549	210,521
Provisions for liabilities		(7,822)	(6,442)
Total net assets (liabilities)		540,727	204,079
Capital and reserves
Called up share capital		1,000	1,000
Share premium account		22,410	22,410
Profit and loss account		517,317	180,669
Shareholders' funds		540,727	204,079

For the year ending 31 December 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 30 September 2016

And signed on their behalf by:
B Quiney, Director
M Gates, Director

AUDIOAGENT.COM LIMITED Registered Number 07478014

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
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:

Fixtures, fittings & equipment 15% reducing balance

2Intangible fixed assets

	£
Cost
At 1 January 2015	31,250
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	31,250
Amortisation
At 1 January 2015	12,500
Charge for the year	3,125
On disposals	-
At 31 December 2015	15,625
Net book values
At 31 December 2015	15,625
At 31 December 2014	18,750

3Tangible fixed assets

	£
Cost
At 1 January 2015	42,570
Additions	12,832
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	55,402
Depreciation
At 1 January 2015	9,389
Charge for the year	6,902
On disposals	-
At 31 December 2015	16,291
Net book values
At 31 December 2015	39,111
At 31 December 2014	33,181