Kind Canyon Records Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05480030 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Kind Canyon Records Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Cornforth

SECRETARY:

J Cornforth

REGISTERED OFFICE:

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

REGISTERED NUMBER:

05480030 (England and Wales)

ACCOUNTANTS:

Roffe Swayne

Chartered Accountants

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

CURRENT ASSETS

Debtors

1,694

Cash at bank

197

1,891

CREDITORS

Amounts falling due within one year

2,227

NET CURRENT LIABILITIES

(336

)

(336

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(336

)

(336

)

CREDITORS

Amounts falling due after more than one
year

245,652

NET LIABILITIES

(245,988

)

(245,988

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(245,989

)

(245,989

)

SHAREHOLDERS' FUNDS

(245,988

)

(245,988

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 March 2017 and were signed by:

P Cornforth - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which the director considers to

be appropriate. The company receives financial support from the director, who has confirmed that this

support will continue for the foreseeable future.

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).

The company was dormant throughout the current year and previous year.

Website development costs

Website development costs, being the amount paid in connection with developing the company

website, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Office equipment

-

25% on cost

Studio equipment

-

25% on cost

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

2,000

AMORTISATION

At 1 July 2015

and 30 June 2016

2,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

8,883

DEPRECIATION

At 1 July 2015

and 30 June 2016

8,883

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary shares

£1

1