Abbreviated Company Accounts - LEWIS WATSON MUSIC LIMITED

Abbreviated Company Accounts - LEWIS WATSON MUSIC LIMITED

LEWIS WATSON MUSIC LIMITED - Company Information

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Registered Number 08036614

LEWIS WATSON MUSIC LIMITED

Abbreviated Accounts

30 April 2016

LEWIS WATSON MUSIC LIMITED Registered Number 08036614

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,391 7,123
6,391 7,123
Current assets
Debtors 9,239 7,119
Cash at bank and in hand 69,256 100,977
78,495 108,096
Creditors: amounts falling due within one year (77,805) (74,903)
Net current assets (liabilities) 690 33,193
Total assets less current liabilities 7,081 40,316
Total net assets (liabilities) 7,081 40,316
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,080 40,315
Shareholders' funds 7,081 40,316
  • For the year ending 30 April 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 30 January 2017

And signed on their behalf by:
Lewis Watson, Director

LEWIS WATSON MUSIC LIMITED Registered Number 08036614

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% Straight line.

2Tangible fixed assets
£
Cost
At 1 May 2015 12,749
Additions 1,397
Disposals -
Revaluations -
Transfers -
At 30 April 2016 14,146
Depreciation
At 1 May 2015 5,626
Charge for the year 2,129
On disposals -
At 30 April 2016 7,755
Net book values
At 30 April 2016 6,391
At 30 April 2015 7,123