Location Sound Facilities Ltd - Limited company - abbreviated - 11.6

Location Sound Facilities Ltd - Limited company - abbreviated - 11.6

LOCATION SOUND FACILITIES LTD - Company Information

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REGISTERED NUMBER: 07515134 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

LOCATION SOUND FACILITIES LTD

LOCATION SOUND FACILITIES LTD (REGISTERED NUMBER: 07515134)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LOCATION SOUND FACILITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2014







DIRECTOR: D M Smith





REGISTERED OFFICE: The Custom House
The Strand
Barnstaple
Devon
EX31 1EU





REGISTERED NUMBER: 07515134 (England and Wales)





ACCOUNTANTS: Perrins Limited
Chartered Accountants
The Custom House
The Strand
Barnstaple
Devon
EX31 1EU
Page 1
LOCATION SOUND FACILITIES LTD (REGISTERED NUMBER: 07515134)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,926 16,599

CURRENT ASSETS
Debtors 4,200 2,810
Cash at bank 1,397 1,510
5,597 4,320
CREDITORS
Amounts falling due within one year 9,163 16,890
NET CURRENT LIABILITIES (3,566 ) (12,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,360
4,029

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 2,260 3,929
SHAREHOLDERS' FUNDS 2,360 4,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 and authorised for issue by the director on 17 November 2014 and were signed
by:





D M Smith - Director


The notes form part of these abbreviated accounts

Page 2
LOCATION SOUND FACILITIES LTD (REGISTERED NUMBER: 07515134)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014

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 April 2008).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013
and 28 February 2014 41,830
DEPRECIATION
At 1 March 2013 25,231
Charge for year 10,673
At 28 February 2014 35,904
NET BOOK VALUE
At 28 February 2014 5,926
At 28 February 2013 16,599

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

Page 3 continued...
LOCATION SOUND FACILITIES LTD (REGISTERED NUMBER: 07515134)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2014

4. GOING CONCERN

It is the intention of the director that the company will continue in its trading activities for a period of at least
twelve months from the date of approval of these financial statements.

The director, being sufficiently knowledgeable, considers that the company will be commercially able to
continue trading in the current economic climate.

Page 4