Other Records Limited - Period Ending 2014-03-31

Registration number: 03315668

Other Records Limited

trading as Other Records Ltd.

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Jani Taylor Associates Limited
Chartered Accountants, Advocates and Business Advisers
OFFICE 6A 1ST FLOOR POPIN BUSINESS CENTRE
SOUTH WAY
WEMBLEY
MIDDLESEX
HA9 0HF

Other Records Limited
trading as Other Records Ltd.
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Other Records Limited
trading as Other Records Ltd.
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Other Records Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Other Records Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Other Records Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Other Records Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Other Records Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Other Records Limited. You consider that Other Records Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Other Records Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jani Taylor Associates Limited
Chartered Accountants, Advocates and Business Advisers
OFFICE 6A 1ST FLOOR POPIN BUSINESS CENTRE
SOUTH WAY
WEMBLEY
MIDDLESEX
HA9 0HF

Date:.............................

Page 1

Other Records Limited
trading as Other Records Ltd.
(Registration number: 03315668)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					835			1,456
Current assets
Debtors					20,460			8,662
Cash at bank and in hand					8,276			6,120
					28,736			14,782
Creditors: Amounts falling due within one year					(12,888)			(9,476)
Net current assets					15,848			5,306
Net assets					16,683			6,762
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					16,583			6,662
Shareholders' funds					16,683			6,762

For the year ending 31 March 2014 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 22 October 2014 and signed on its behalf by:

.........................................
Ms. S. Rodgers
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Other Records Limited
trading as Other Records Ltd.
(Registration number: 03315668)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Mr. S. D. Jones
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Other Records Limited
trading as Other Records Ltd.
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% on Reducing Balance basis
Motor Vehicles	25% on Reducing Balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Other Records Limited
trading as Other Records Ltd.
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		29,838			29,838
Additions		833			833
At 31 March 2014		30,671			30,671
Depreciation
At 1 April 2013		28,382			28,382
Charge for the year		1,454			1,454
At 31 March 2014		29,836			29,836
Net book value
At 31 March 2014		835			835
At 31 March 2013		1,456			1,456

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 5