Abbreviated Company Accounts - LONDON MUSIC SCHOOL

LONDON MUSIC SCHOOL - Company Information

06428290 LONDON MUSIC SCHOOL 2016-09-30 false 2015-10-01 2016-09-30 true 06428290 2015-10-01 2016-09-30 06428290 2016-09-30 06428290 2015-09-30 06428290 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 06428290 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2016-09-30 uk-gaap-cd-bus:Director3 2015-09-30 iso4217:GBP shares

Registered Number 06428290

LONDON MUSIC SCHOOL

Abbreviated Accounts

30 September 2016

LONDON MUSIC SCHOOL Registered Number 06428290

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	6,291	7,151
		6,291	7,151
Current assets
Debtors		-	15,839
Cash at bank and in hand		531	701
		531	16,540
Creditors: amounts falling due within one year		(23,212)	(26,737)
Net current assets (liabilities)		(22,681)	(10,197)
Total assets less current liabilities		(16,390)	(3,046)
Total net assets (liabilities)		(16,390)	(3,046)
Reserves
Income and expenditure account		(16,390)	(3,046)
Members' funds		(16,390)	(3,046)

For the year ending 30 September 2016 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 24 July 2017

And signed on their behalf by:
M Keating, Director

LONDON MUSIC SCHOOL Registered Number 06428290

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Other tangible assets - 20% reducing balance

Other accounting policies
As at 30 September 2016 the balance sheet shows net current liabilities. These accounts have been prepared on the going concern basis as the directors have agreed to support the company to ensure it is able to meet its debts as they fall due.

2Company limited by guarantee
London Music School is a company limited by guarantee and has no share capital. Each member has guaranteed to contribute a sum not exceeding £10 for payment of the company's debts and liabilities should the company be wound up. There are 2 members at 30th September 2016.

3Tangible fixed assets

	£
Cost
At 1 October 2015	19,012
Additions	669
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	19,681
Depreciation
At 1 October 2015	11,861
Charge for the year	1,529
On disposals	-
At 30 September 2016	13,390
Net book values
At 30 September 2016	6,291
At 30 September 2015	7,151

4Transactions with directors

Name of director receiving advance or credit:	M Keating
Description of the transaction:	Directors loan account
Balance at 1 October 2015:	£ 5,434
Advances or credits made:	-
Advances or credits repaid:	£ 5,434
Balance at 30 September 2016:	£ 0