Deqoy Music Limited - Accounts to registrar - small 17.2

Deqoy Music Limited - Accounts to registrar - small 17.2

DEQOY MUSIC LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 08630182 Board of Directors Board of Directors 1.1.16 31.12.16 31.12.16 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure086301822015-12-31086301822016-12-31086301822016-01-012016-12-31086301822014-12-31086301822015-01-012015-12-31086301822015-12-3108630182ns15:EnglandWales2016-01-012016-12-3108630182ns14:PoundSterling2016-01-012016-12-3108630182ns10:Director12016-01-012016-12-3108630182ns10:Director22016-01-012016-12-3108630182ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3108630182ns10:SmallEntities2016-01-012016-12-3108630182ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3108630182ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3108630182ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3108630182ns10:FullAccounts2016-01-012016-12-310863018212016-01-012016-12-3108630182ns10:RegisteredOffice2016-01-012016-12-3108630182ns5:CurrentFinancialInstruments2016-12-3108630182ns5:CurrentFinancialInstruments2015-12-3108630182ns5:ShareCapital2016-12-3108630182ns5:ShareCapital2015-12-3108630182ns5:RetainedEarningsAccumulatedLosses2016-12-3108630182ns5:RetainedEarningsAccumulatedLosses2015-12-3108630182ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2016-01-012016-12-3108630182ns5:PlantMachinery2016-01-012016-12-3108630182ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2015-12-3108630182ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2016-12-3108630182ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2015-12-3108630182ns5:PlantMachinery2015-12-3108630182ns5:PlantMachinery2016-12-3108630182ns5:PlantMachinery2015-12-3108630182ns5:RetainedEarningsAccumulatedLosses2015-12-3108630182ns5:RetainedEarningsAccumulatedLosses2016-01-012016-12-31


REGISTERED NUMBER: 08630182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

DEQOY MUSIC LIMITED

DEQOY MUSIC LIMITED (REGISTERED NUMBER: 08630182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEQOY MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2016







DIRECTORS: Mr T Karaman
Mr D M Charles





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 08630182 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
Page 1
DEQOY MUSIC LIMITED (REGISTERED NUMBER: 08630182)

BALANCE SHEET
31ST DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,214 25,281
Tangible assets 5 48,342 53,689
67,556 78,970

CURRENT ASSETS
Debtors 6 671 46
Cash at bank 131 821
802 867
CREDITORS
Amounts falling due within one year 7 146,589 130,252
NET CURRENT LIABILITIES (145,787 ) (129,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(78,231
)
(50,415
)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (78,232 ) (50,416 )
SHAREHOLDERS' FUNDS (78,231 ) (50,415 )

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

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

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4th September 2017 and were signed on its behalf
by:




Mr T Karaman - Director



Mr D M Charles - Director


The notes form part of these financial statements

Page 2
DEQOY MUSIC LIMITED (REGISTERED NUMBER: 08630182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016

1. STATUTORY INFORMATION

Deqoy Music Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is dependent upon support from its directors to enable it to pay its liabilities as they fall due. The
directors have indicated that they will defer repayment of their loans in favour of other creditors for a period of no
less than twelve months from the date of approval of the financial statements. On this basis the directors
considers the going concern basis for preparation of the financial statements to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible fixed assets
Website development costs are amortised over the estimated useful economic life of 5 years on a straight-line
basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 10% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£   
COST
At 1st January 2016
and 31st December 2016 30,337
AMORTISATION
At 1st January 2016 5,056
Amortisation for year 6,067
At 31st December 2016 11,123
NET BOOK VALUE
At 31st December 2016 19,214
At 31st December 2015 25,281

Page 3 continued...
DEQOY MUSIC LIMITED (REGISTERED NUMBER: 08630182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2016

5. TANGIBLE FIXED ASSETS
Plant &
equipment
£   
COST
At 1st January 2016 58,570
Additions 534
At 31st December 2016 59,104
DEPRECIATION
At 1st January 2016 4,881
Charge for year 5,881
At 31st December 2016 10,762
NET BOOK VALUE
At 31st December 2016 48,342
At 31st December 2015 53,689

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
VAT 671 46

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 1,200 -
Directors' current accounts 144,639 129,252
Accrued expenses 750 1,000
146,589 130,252

8. RESERVES
Retained
earnings
£   

At 1st January 2016 (50,416 )
Deficit for the year (27,816 )
At 31st December 2016 (78,232 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Creditors: Amounts due within one year, is an amount of £144,639 (2015: £129,252) due to Mr T
Karaman, a director, in respect of loans to, and payments on behalf of, the company. The loan carries interest at
6% per annum. Included in the amount due is accrued interest of £21,353 - this has not yet been paid.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Deqoy Limited a company registered in England and Wales, no.06256530.

The ultimate controlling party is Mr T Karaman.

Page 4