Claudio Records Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03185281 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

CLAUDIO RECORDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C W Attwell

SECRETARY:

I D Attwell

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

03185281 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

3

18,770

CURRENT ASSETS

Stocks

4

580

Debtors

5

2,785

Cash at bank and in hand

13,215

16,580

CREDITORS

Amounts falling due within one year

6

28,851

NET CURRENT LIABILITIES

(12,271

)

(12,271

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,499

PROVISIONS FOR LIABILITIES

3,388

NET ASSETS

3,111

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

3,109

SHAREHOLDERS' FUNDS

3,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 director on 31 January 2018 and were signed by:

C W Attwell - Director

1.	STATUTORY INFORMATION

Claudio Records 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 comprises revenue recognised by the company in respect of goods and services supplied.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2016

and 30 April 2017

43,005

DEPRECIATION

At 1 May 2016

and 30 April 2017

24,235

NET BOOK VALUE

At 30 April 2017

18,770

At 30 April 2016

18,770

4.

STOCKS

2017

2016

£

Stocks

580

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

2,785

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

125

Tax

12

Social security and other taxes

29

Deposits held

11,613

Directors' loan accounts

17,072

28,851

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr C Attwell by virtue of his 100% shareholding.

Claudio Records Limited - Accounts to registrar (filleted) - small 17.3

Claudio Records Limited - Accounts to registrar (filleted) - small 17.3