Abbreviated Company Accounts - COPYRIGHT RESCUE INTERNATIONAL LIMITED

Registered Number 03665345

Abbreviated Accounts

31 December 2013

COPYRIGHT RESCUE INTERNATIONAL LIMITED Registered Number 03665345

Abbreviated Balance Sheet as at 31 December 2013

	2013	2012
	£	£
Current assets
Debtors	1,369,114	1,056,441
	1,369,114	1,056,441
Creditors: amounts falling due within one year	(1,580,888)	(1,228,565)
Net current assets (liabilities)	(211,774)	(172,124)
Total assets less current liabilities	(211,774)	(172,124)
Total net assets (liabilities)	(211,774)	(172,124)
Capital and reserves
Called up share capital	100	100
Profit and loss account	(211,874)	(172,224)
Shareholders' funds	(211,774)	(172,124)

For the year ending 31 December 2013 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 31 October 2014

And signed on their behalf by:
D Loader, Director

COPYRIGHT RESCUE INTERNATIONAL LIMITED Registered Number 03665345

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 April 2008.

They have been prepared on the going concern basis which assumes that the directors of the former parent undertaking, The Notting Hill Music Group Limited, will continue to support the company and enable it to continue to trade. The directors have undertaken to provide this support and have undertaken not to withdraw the support until such time as the company is in a position to repay all its creditors.

Turnover policy
Turnover is derived from the company's principal activity and is accounted for on a received basis

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - Over 3 years

Other accounting policies
Financial instruments
Financial assets such as cash and debtors are measured at the present value of the amounts receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities such as trade creditors, loans and finance leases are measured at the present value of the obligation. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.