Abbreviated Company Accounts - SOCO MUSIC PROJECT

Abbreviated Company Accounts - SOCO MUSIC PROJECT

SOCO MUSIC PROJECT - Company Information

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Registered Number 06859322

SOCO MUSIC PROJECT

Abbreviated Accounts

31 March 2014

SOCO MUSIC PROJECT Registered Number 06859322

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 11,765 15,730
11,765 15,730
Current assets
Debtors 4,500 15,716
Cash at bank and in hand 290 862
4,790 16,578
Creditors: amounts falling due within one year (4,787) (15,094)
Net current assets (liabilities) 3 1,484
Total assets less current liabilities 11,768 17,214
Creditors: amounts falling due after more than one year - (4,064)
Provisions for liabilities (968) (1,521)
Total net assets (liabilities) 10,800 11,629
Reserves
Income and expenditure account 10,800 11,629
Members' funds 10,800 11,629
  • 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 9 December 2014

And signed on their behalf by:
Jon Haughton, Director

SOCO MUSIC PROJECT Registered Number 06859322

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Computers 33% reducing balance
Office equipment 25% reducing balance
Instruments 25% reducing balance

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 April 2013 41,882
Additions 719
Disposals -
Revaluations -
Transfers -
At 31 March 2014 42,601
Depreciation
At 1 April 2013 26,152
Charge for the year 4,684
On disposals -
At 31 March 2014 30,836
Net book values
At 31 March 2014 11,765
At 31 March 2013 15,730