Emjay Music Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01068718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

EMJAY MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K A Joseph

M Joseph

Mrs S A Joseph

SECRETARY:

Mrs S A Joseph

REGISTERED OFFICE:

Warren Place

Birch Vale

Cobham

Surrey

KT11 2PX

REGISTERED NUMBER:

01068718 (England and Wales)

ACCOUNTANTS:

Farndon Accountancy

Warren Place

Birch Vale

Cobham

Surrey

KT11 2PX

FIXED ASSETS

Tangible assets

4

70,510

70,594

CURRENT ASSETS

Cash at bank

12,711

6,293

CREDITORS

Amounts falling due within one year

5

3,102

2,715

NET CURRENT ASSETS

9,609

3,578

TOTAL ASSETS LESS CURRENT LIABILITIES

80,119

74,172

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

6

14,200

14,200

Retained earnings

60,919

54,972

SHAREHOLDERS' FUNDS

80,119

74,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 December 2018 and were signed on its behalf by:

K A Joseph - Director

1.	STATUTORY INFORMATION

Emjay Music 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.

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

-

10% on reducing balance

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

69,759

11,853

81,612

DEPRECIATION

At 1 April 2017

-

11,018

11,018

Charge for year

-

84

84

At 31 March 2018

-

11,102

11,102

NET BOOK VALUE

At 31 March 2018

69,759

751

70,510

At 31 March 2017

69,759

835

70,594

The company's property was professionally revalued on 16th April 1981 at £69,759. The historical cost of this

property is £55,558. The directors consider that the open market value is in excess of its historical cost.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

2,650

2,163

Other creditors

452

552

3,102

2,715

6.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

14,200