Company Registration No. 08011304 (England and Wales)
S2 BLUE MUSIC LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
S2 BLUE MUSIC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
S2 BLUE MUSIC LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,328
796
Current assets
Debtors
5,881
8,062
Cash at bank and in hand
1,386
1,516
7,267
9,578
Creditors: amounts falling due within one year
(9,644)
(6,667)
Net current liabilities/(assets)
(2,377)
2,911
Total assets less current liabilities
951
3,707
Provisions for liabilities
(666)
(159)
285
3,548
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
185
3,448
Shareholders' funds
285
3,548
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 November 2016
Mr S Prentice
Director
Company Registration No. 08011304
S2 BLUE MUSIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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:
Computer equipment
33.3% straight line
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
1,577
Additions
4,219
At 31 March 2016
5,796
Depreciation
At 1 April 2015
781
Charge for the year
1,687
At 31 March 2016
2,468
Net book value
At 31 March 2016
3,328
At 31 March 2015
796
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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