Abbreviated Company Accounts - SERIOUS MUSIC UK LIMITED

Abbreviated Company Accounts - SERIOUS MUSIC UK LIMITED

SERIOUS MUSIC UK LIMITED - Company Information

Print Friendly Version

Registered Number 03376044

SERIOUS MUSIC UK LIMITED

Abbreviated Accounts

30 June 2016

SERIOUS MUSIC UK LIMITED Registered Number 03376044

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,639 2,185
1,639 2,185
Current assets
Stocks 5,654 7,469
Debtors 94 94
Cash at bank and in hand 3,102 4,575
8,850 12,138
Creditors: amounts falling due within one year (8,237) (7,624)
Net current assets (liabilities) 613 4,514
Total assets less current liabilities 2,252 6,699
Creditors: amounts falling due after more than one year (1,495) (1,495)
Total net assets (liabilities) 757 5,204
Capital and reserves
Called up share capital 100 100
Profit and loss account 657 5,104
Shareholders' funds 757 5,204
  • 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 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 March 2017

And signed on their behalf by:
N D Harris, Director
A G Snell, Director

SERIOUS MUSIC UK LIMITED Registered Number 03376044

Notes to the Abbreviated Accounts for the period ended 30 June 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 April 2008.

Turnover policy
Sales represents the value of goods sold in the period, excluding VAT.

2Tangible fixed assets
£
Cost
At 1 July 2015 12,846
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 12,846
Depreciation
At 1 July 2015 10,661
Charge for the year 546
On disposals -
At 30 June 2016 11,207
Net book values
At 30 June 2016 1,639
At 30 June 2015 2,185