TWISTED RECORDS LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 03211459 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

TWISTED RECORDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S POSFORD

S HOLTOM

SECRETARY:

S HOLTOM

REGISTERED OFFICE:

85 Pages Walk

London

SE1 4HD

REGISTERED NUMBER:

03211459 (England and Wales)

ACCOUNTANTS:

A Simons & Co

85 Pages Walk

London

SE1 4HD

FIXED ASSETS

Tangible assets

2

3,149

4,198

CURRENT ASSETS

Stocks

9,237

14,398

Debtors

47,814

57,443

Cash at bank

23,662

13,020

80,713

84,861

CREDITORS

Amounts falling due within one year

29,616

34,840

NET CURRENT ASSETS

51,097

50,021

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,246

54,219

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

54,146

54,119

SHAREHOLDERS' FUNDS

54,246

54,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9 November 2016 and were signed on its behalf
by:

S HOLTOM - Director

S POSFORD - 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 January 2015).

Turnover

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

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

38,426

DEPRECIATION

At 1 April 2015

34,228

Charge for year

1,049

At 31 March 2016

35,277

NET BOOK VALUE

At 31 March 2016

3,149

At 31 March 2015

4,198

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100