Anglo Sound & Vision Limited - Accounts to registrar - small 16.1

REGISTERED NUMBER: 03526726 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Anglo Sound & Vision Limited

Page

Company Information

1

Report of the Director

2

Abridged Income statement

3

Abridged Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

T D Brown

SECRETARY:

S R Brown

REGISTERED OFFICE:

50 The Ridings

Surbiton

Surrey

KT5 8HQ

REGISTERED NUMBER:

03526726 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 31 January 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of wholesale supplies to the

Republic of Ireland.

DIRECTOR

T D Brown held office during the whole of the period from 1 February 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

T D Brown - Director

28 October 2017

GROSS PROFIT

102

560

Administrative expenses

217

661

OPERATING LOSS and

LOSS BEFORE TAXATION

3

(115

)

(101

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(115

)

(101

)

FIXED ASSETS

Tangible assets

4

416

554

CURRENT ASSETS

Stocks

708

1,117

Debtors: amounts falling due within one year

5

541

2,772

Cash at bank

2,045

168

3,294

4,057

CREDITORS

Amounts falling due within one year

6

2,816

3,602

NET CURRENT ASSETS

478

455

TOTAL ASSETS LESS CURRENT LIABILITIES

894

1,009

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

892

1,007

SHAREHOLDERS' FUNDS

894

1,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director on 28 October 2017 and were signed by:

T D Brown - Director

1.	STATUTORY INFORMATION

Anglo Sound & Vision 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

3.	OPERATING LOSS

The operating loss is stated after charging:

31.1.17

31.1.16

£

£

Depreciation - owned assets

138

185

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

and 31 January 2017

1,400

DEPRECIATION

At 1 February 2016

846

Charge for year

138

At 31 January 2017

984

NET BOOK VALUE

At 31 January 2017

416

At 31 January 2016

554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

511

1,987

Amounts owed by associates

30

30

Other debtors

-

755

541

2,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade creditors

2,809

3,602

Other creditors

7

-

2,816

3,602