Company Registration No. 07470908 (England and Wales)
RAPALOOZA LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
RAPALOOZA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
3
RAPALOOZA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
8,565
37,694
Cash at bank and in hand
139,995
179,776
148,560
217,470
Creditors: amounts falling due within one year
(75,229)
(194,336)
Total assets less current liabilities
73,331
23,134
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
73,330
23,133
Shareholders' funds
73,331
23,134
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 June 2017
C Lloyd
Director
Company Registration No. 07470908
RAPALOOZA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
8,565
37,694
Cash at bank and in hand
139,995
179,776
148,560
217,470
Creditors: amounts falling due within one year
(75,229)
(194,336)
Total assets less current liabilities
73,331
23,134
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
73,330
23,133
Shareholder's funds
73,331
23,134
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 16 June 2017
C Lloyd
Director
Company Registration No. 07470908
RAPALOOZA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover consists of recording, publishing and producer's royalties and advances, income derived from live performances and other sundry income net of VAT and trade discounts. Royalty income is recognised on the contractual due date or, where this is unspecified, the date of receipt of cash. Live performance income is recognised by reference to the date of the performance.
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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