| Whatever Music Limited |
| Registered number: |
06930682 |
| Abbreviated Balance Sheet |
| as at 30 June 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
3,000 |
|
|
4,000 |
| Tangible assets |
3 |
|
|
1,919 |
|
|
2,560 |
|
|
|
|
4,919 |
|
|
6,560 |
|
| Current assets |
| Stocks |
|
|
34,815 |
|
|
36,940 |
| Debtors |
|
|
600 |
|
|
600 |
| Cash at bank and in hand |
|
|
47,681 |
|
|
37,127 |
|
|
|
83,096 |
|
|
74,667 |
|
| Creditors: amounts falling due within one year |
|
|
(50,228) |
|
|
(34,737) |
|
| Net current assets |
|
|
|
32,868 |
|
|
39,930 |
|
| Net assets |
|
|
|
37,787 |
|
|
46,490 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
37,786 |
|
|
46,489 |
|
| Shareholder's funds |
|
|
|
37,787 |
|
|
46,490 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr J Morrison |
| Director |
| Approved by the board on 26 January 2017 |
|
| Whatever Music Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
10,000 |
|
At 30 June 2016 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2015 |
6,000 |
|
Provided during the year |
1,000 |
|
At 30 June 2016 |
7,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
3,000 |
|
At 30 June 2015 |
4,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
10,242 |
|
At 30 June 2016 |
10,242 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2015 |
7,682 |
|
Charge for the year |
641 |
|
At 30 June 2016 |
8,323 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
1,919 |
|
At 30 June 2015 |
2,560 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
|
|
2016 |
|
2015 |
| value |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
|
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
