Movement Sound & Lighting Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03617782 (England and Wales)

MOVEMENT SOUND & LIGHTING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

5,000

-

Tangible assets

3

8,483

8,497

13,483

8,497

CURRENT ASSETS

Stocks

311,227

318,947

Debtors

44,634

75,705

Cash at bank and in hand

113,728

47,826

469,589

442,478

CREDITORS

Amounts falling due within one year

(384,227

)

(361,038

)

NET CURRENT ASSETS

85,362

81,440

TOTAL ASSETS LESS CURRENT
LIABILITIES

98,845

89,937

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

98,843

89,935

SHAREHOLDERS' FUNDS

98,845

89,937

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 March 2017 and were signed on its behalf by:

K A Cresswell - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are

physically dispatched to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Equipment

-

15% Reducing balance

Motor vehicles

-

25% Reducing balance

Website costs

-

33% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,000

At 30 September 2016

5,000

NET BOOK VALUE

At 30 September 2016

5,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

49,483

Additions

1,452

At 30 September 2016

50,935

DEPRECIATION

At 1 October 2015

40,986

Charge for year

1,466

At 30 September 2016

42,452

NET BOOK VALUE

At 30 September 2016

8,483

At 30 September 2015

8,497

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2