Abbreviated Company Accounts - PROFILE MUSIC PRODUCTIONS LIMITED

PROFILE MUSIC PRODUCTIONS LIMITED - Company Information

05743471 PROFILE MUSIC PRODUCTIONS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05743471 2013-04-01 2014-03-31 05743471 2014-03-31 05743471 2013-03-31 05743471 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05743471 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05743471

PROFILE MUSIC PRODUCTIONS LIMITED

Abbreviated Accounts

31 March 2014

PROFILE MUSIC PRODUCTIONS LIMITED Registered Number 05743471

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	4,368	5,290
		4,368	5,290
Current assets
Debtors		105,259	37,099
Cash at bank and in hand		19,564	40,048
		124,823	77,147
Creditors: amounts falling due within one year		(129,055)	(82,285)
Net current assets (liabilities)		(4,232)	(5,138)
Total assets less current liabilities		136	152
Total net assets (liabilities)		136	152
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		135	151
Shareholders' funds		136	152

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 November 2014

And signed on their behalf by:
P Guardiani, Director

PROFILE MUSIC PRODUCTIONS LIMITED Registered Number 05743471

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 April 2008).
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).

Turnover policy
1.3 Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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% Reducing balance

Valuation information and policy
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.

2Intangible fixed assets

	£
Cost
At 1 April 2013	11,748
Additions	533
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	12,281
Amortisation
At 1 April 2013	6,458
Charge for the year	1,455
On disposals	-
At 31 March 2014	7,913
Net book values
At 31 March 2014	4,368
At 31 March 2013	5,290

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1