PURE_PLEASURE_RECORDS_LTD - Accounts

PURE PLEASURE RECORDS LIMITED - Company Information

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Company Registration No. 4564769 (England and Wales)

PURE PLEASURE RECORDS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

PURE PLEASURE RECORDS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PURE PLEASURE RECORDS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

351

Current assets

Stocks

92,780

100,618

Debtors

38,933

27,728

Cash at bank and in hand

24,812

8,415

156,525

136,761

Creditors: amounts falling due within one year

(30,682)

(19,262)

Net current assets

125,843

117,499

Total assets less current liabilities

125,844

117,850

Capital and reserves

Called up share capital

100

Profit and loss account

125,744

117,750

Shareholders' funds

125,844

117,850

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.

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 26 July 2017

A Hickmott

S Hickmott

Director

Company Registration No. 4564769

PURE PLEASURE RECORDS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

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 goods and services net of VAT and trade discounts.

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:

Equipments

5 years Straight Line

Fixtures & fittings

5 years Straight Line

1.5

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.

Fixed assets

Tangible assets

Cost

At 1 November 2015 & at 31 October 2016

9,500

Depreciation

At 1 November 2015

9,149

Charge for the year

350

At 31 October 2016

9,499

Net book value

At 31 October 2016

At 31 October 2015

351

PURE PLEASURE RECORDS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100