Abbreviated Company Accounts - SUSPECT RECORDS LIMITED

SUSPECT RECORDS LIMITED - Company Information

04644100 SUSPECT RECORDS LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 04644100 2015-02-01 2016-01-31 04644100 2016-01-31 04644100 2015-01-31 04644100 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 04644100 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-01-31 iso4217:GBP shares

Registered Number 04644100

SUSPECT RECORDS LIMITED

Abbreviated Accounts

31 January 2016

SUSPECT RECORDS LIMITED Registered Number 04644100

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		2,915	2,915
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments		-	-
		-	-
Current assets
Stocks		627	627
Debtors		15	15
Cash at bank and in hand		14	14
		656	656
Creditors: amounts falling due within one year		(3,570)	(3,570)
Net current assets (liabilities)		(2,914)	(2,914)
Total assets less current liabilities		1	1
Total net assets (liabilities)		1	1
Capital and reserves
Called up share capital	2	1	1
Shareholders' funds		1	1

For the year ending 31 January 2016 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 October 2016

And signed on their behalf by:
Stephen Davison, Director

SUSPECT RECORDS LIMITED Registered Number 04644100

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary share of £1 each	1	1
1 Ordinary shares of £1 each	1	1