Company Registration No. 08715760 (England and Wales)
YOUNG ENTERTAINMENT MANAGEMENT SERVICES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
YOUNG ENTERTAINMENT MANAGEMENT SERVICES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
YOUNG ENTERTAINMENT MANAGEMENT SERVICES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
400
800
Current assets
Debtors
7,833
10,261
Cash at bank and in hand
20,878
27,920
28,711
38,181
Creditors: amounts falling due within one year
(28,395)
(35,846)
Net current assets
316
2,335
Total assets less current liabilities
716
3,135
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
715
3,134
Shareholder's funds
716
3,135
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 26 July 2017
Miss J Young
Director
Company Registration No. 08715760
YOUNG ENTERTAINMENT MANAGEMENT SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
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 represents amounts receivable for services net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015 & at 31 October 2016
1,600
Depreciation
At 1 November 2015
800
Charge for the year
400
At 31 October 2016
1,200
Net book value
At 31 October 2016
400
At 31 October 2015
800
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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