Loud and Clear Marketing Ltd - Period Ending 2016-06-30

Registration number: 09623216

Loud and Clear Marketing Ltd

Unaudited Abbreviated Accounts

for the Period from 4 June 2015 to 30 June 2016

 

Pillow May Ltd
Chartered Accountants
The Coach House
Bremhill Grove Farm
East Tytherton
Chippenham
Wiltshire
SN15 4LX

Loud and Clear Marketing Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Loud and Clear Marketing Ltd
(Registration number: 09623216)
Abbreviated Balance Sheet at 30 June 2016

		Note			30 June 2016 £
Current assets
Stocks					2,975
Debtors					1,229
Cash at bank and in hand					34,731
					38,935
Creditors: Amounts falling due within one year					(17,182)
Net assets					21,753
Capital and reserves
Called up share capital		2			100
Profit and loss account					21,653
Shareholders' funds					21,753

For the year ending 30 June 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 director acknowledges her 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 director on 2 March 2017

.........................................
Mrs Claire Elizabeth Thatcher
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Loud and Clear Marketing Ltd
Notes to the Abbreviated Accounts for the Period from 4 June 2015 to 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	30 June 2016
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

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