Noise Inc Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07423063 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

Noise Inc Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms J Turner

SECRETARY:

REGISTERED OFFICE:

3rd Floor

20 Bedford Street

Covent Garden

London

WC2E 9HP

REGISTERED NUMBER:

07423063 (England and Wales)

ACCOUNTANTS:

MGM Accountancy Limited

Chartered Certified Accountants

3rd Floor

20 Bedford Street

Covent Garden

London

WC2E 9HP

CURRENT ASSETS

Cash at bank

1,821

1,881

CREDITORS

Amounts falling due within one year

4

103,821

103,821

NET CURRENT LIABILITIES

(102,000

)

(101,940

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(102,000

)

(101,940

)

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

(102,040

)

(101,980

)

SHAREHOLDERS' FUNDS

(102,000

)

(101,940

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 September 2018 and were signed by:

Ms J Turner - Director

1.	STATUTORY INFORMATION

Noise Inc Ltd 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

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The validity of the assumption depends upon the

continued financial support of the company's creditors.

If the company were unable to continue in existence for the foreseeable future, adjustments would have to be

made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any further

liabilities that might arise.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and Fittings 25% per annum on net book value

Computer Equipment over 3 years

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

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

9,587

DEPRECIATION

At 1 January 2017

and 31 December 2017

9,587

NET BOOK VALUE

At 31 December 2017

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

103,821

103,821