Future Sound Nanu Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06398122 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

FUTURE SOUND NANU LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K M Rogers

SECRETARY:

V Rogers

REGISTERED OFFICE:

12 Lonsdale Road

Lunt Estate

Bilston

West Midlands

WV14 7AE

REGISTERED NUMBER:

06398122 (England and Wales)

ACCOUNTANT:

Richards Associates Limited

Chartered Accountants

Suite 10

Hawkesyard Hall

Rugeley

Staffordshire

WS15 1PU

FIXED ASSETS

Tangible assets

2

140

280

CURRENT ASSETS

Debtors

2,619

511

Cash at bank

143

1,302

2,762

1,813

CREDITORS

Amounts falling due within one year

2,873

2,036

NET CURRENT LIABILITIES

(111

)

(223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29

57

PROVISIONS FOR LIABILITIES

28

56

NET ASSETS

1

1

CAPITAL AND RESERVES

Called up share capital

3

1

1

SHAREHOLDERS' FUNDS

1

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 January 2015 and were signed by:

K M Rogers - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

420

DEPRECIATION

At 1 November 2013

140

Charge for year

140

At 31 October 2014

280

NET BOOK VALUE

At 31 October 2014

140

At 31 October 2013

280

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1

Ordinary shares

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2014

and 31 October 2013:

31.10.14

31.10.13

£

£

K M Rogers

Balance outstanding at start of year

12

1,345

Amounts advanced

11,622

5,201

Amounts repaid

(9,399

)

(6,534

)

Balance outstanding at end of year

2,235

12

The full amount of this loan was repaid within nine months of the year end.

5.	WORKING CAPITAL DEFICIT

Current liabilities exceed current assets, however, the company is able to meet its liabilities as they fall

due.