Nigel Morley Music Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06389271 (England and Wales)

NIGEL MORLEY MUSIC SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N P Morley

SECRETARY:

N P Morley

REGISTERED OFFICE:

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

REGISTERED NUMBER:

06389271 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Intangible assets

2

10,450

11,400

Tangible assets

3

871

1,030

11,321

12,430

CURRENT ASSETS

Cash at bank

4,587

4,499

CREDITORS

Amounts falling due within one year

13,155

14,711

NET CURRENT LIABILITIES

(8,568

)

(10,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,753

2,218

PROVISIONS FOR LIABILITIES

174

206

NET ASSETS

2,579

2,012

CAPITAL AND RESERVES

Called up share capital

4

500

500

Profit and loss account

2,079

1,512

SHAREHOLDERS' FUNDS

2,579

2,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 July 2017 and were signed by:

N P Morley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

19,000

AMORTISATION

At 1 November 2015

7,600

Amortisation for year

950

At 31 October 2016

8,550

NET BOOK VALUE

At 31 October 2016

10,450

At 31 October 2015

11,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

3,627

DEPRECIATION

At 1 November 2015

2,597

Charge for year

159

At 31 October 2016

2,756

NET BOOK VALUE

At 31 October 2016

871

At 31 October 2015

1,030

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

500

Ordinary

£1

500

500