Arranged Musical Options Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03818887 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Arranged Musical Options Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A M Oliver

SECRETARY:

Mrs K L Oliver

REGISTERED OFFICE:

Xenon House

10 School Lane

Didsbury

Manchester

M20 6RD

REGISTERED NUMBER:

03818887 (England and Wales)

ACCOUNTANTS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Tangible assets

2

430,848

424,634

CURRENT ASSETS

Stocks

475,027

369,318

Debtors

9,698

9,377

Cash at bank

6,184

-

490,909

378,695

CREDITORS

Amounts falling due within one year

3

446,824

312,067

NET CURRENT ASSETS

44,085

66,628

TOTAL ASSETS LESS CURRENT LIABILITIES

474,933

491,262

CREDITORS

Amounts falling due after more than one
year

3

272,223

281,137

NET ASSETS

202,710

210,125

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

-

10,000

Profit and loss account

202,610

200,025

SHAREHOLDERS' FUNDS

202,710

210,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 April 2017 and were signed by:

Mr A M Oliver - 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 is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

488,921

Additions

20,895

At 31 July 2016

509,816

DEPRECIATION

At 1 August 2015

64,287

Charge for year

14,681

At 31 July 2016

78,968

NET BOOK VALUE

At 31 July 2016

430,848

At 31 July 2015

424,634

3.

CREDITORS

Creditors include an amount of £ 283,663 (31.7.15 - £ 294,894 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.7.16

31.7.15

£

Repayable by instalments

222,928

223,160

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100