Abbreviated Company Accounts - SIMON SHARP MUSIC LIMITED

SIMON SHARP MUSIC LIMITED - Company Information

Registered Number 08254735

SIMON SHARP MUSIC LIMITED

Abbreviated Accounts

31 October 2016

SIMON SHARP MUSIC LIMITED Registered Number 08254735

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,357	4,357
		4,357	4,357
Current assets
Cash at bank and in hand		31,425	28,675
		31,425	28,675
Creditors: amounts falling due within one year		(35,147)	(32,812)
Net current assets (liabilities)		(3,722)	(4,137)
Total assets less current liabilities		635	220
Total net assets (liabilities)		635	220
Capital and reserves
Called up share capital		1	1
Profit and loss account		634	219
Shareholders' funds		635	220

For the year ending 31 October 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 August 2017

And signed on their behalf by:
Simon Paul Sharp, Director

SIMON SHARP MUSIC LIMITED Registered Number 08254735

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The Financial Statements have been prepared in accordance with applicable Accounting Standards under the historical cost convention.
The company has taken advantage of the exemptions in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Tangible assets depreciation policy
It is considered that asset value of all fixed assets currently exceed their stated value therefore no provision has been made for depreciation for the current year.

2Tangible fixed assets

	£
Cost
At 1 November 2015	4,357
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	4,357
Depreciation
At 1 November 2015	0
Charge for the year	-
On disposals	-
At 31 October 2016	0
Net book values
At 31 October 2016	4,357
At 31 October 2015	4,357