TW Audio UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07631138 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

TW Audio UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Ludwell

REGISTERED OFFICE:

19-21 Manor Road

Caddington

Bedfordshire

LU1 4EE

REGISTERED NUMBER:

07631138 (England and Wales)

ACCOUNTANTS:

Astons Accountants

19-21 Manor Road

Caddington

Bedfordshire

LU1 4EE

FIXED ASSETS

Intangible assets

2

2,000

4,000

Tangible assets

3

2,927

2,167

4,927

6,167

CURRENT ASSETS

Debtors

4,597

5,287

Cash at bank and in hand

30,627

28,124

35,224

33,411

CREDITORS

Amounts falling due within one year

39,692

38,557

NET CURRENT LIABILITIES

(4,468

)

(5,146

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

459

1,021

CAPITAL AND RESERVES

Called up share capital

4

3

Profit and loss account

456

1,018

SHAREHOLDERS' FUNDS

459

1,021

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

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

The director acknowledges his 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 director on 23 January 2017 and were signed by:

Mr S Ludwell - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

10,000

AMORTISATION

At 1 June 2015

6,000

Amortisation for year

2,000

At 31 May 2016

8,000

NET BOOK VALUE

At 31 May 2016

2,000

At 31 May 2015

4,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

3,837

Additions

2,616

At 31 May 2016

6,453

DEPRECIATION

At 1 June 2015

1,670

Charge for year

1,856

At 31 May 2016

3,526

NET BOOK VALUE

At 31 May 2016

2,927

At 31 May 2015

2,167

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1

Ordinary 'A'

£1

1

Ordinary 'B'

£1

1

Ordinary 'C'

£1

1

3