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

REGISTERED NUMBER: 06141906 (England and Wales)

Financial Statements For The Year Ended 31st March 2018

for

Zone Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Cooper

Mrs T J Cooper

J D Poole

SECRETARY:

Mrs T J Cooper

REGISTERED OFFICE:

2 Wey Barn

Kings Mews

High Street

Godalming

Surrey

GU7 1AD

REGISTERED NUMBER:

06141906 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

94

126

94

126

CURRENT ASSETS

Debtors

6

24,766

29,198

Cash at bank

127,597

94,572

152,363

123,770

CREDITORS

Amounts falling due within one year

7

76,972

57,441

NET CURRENT ASSETS

75,391

66,329

TOTAL ASSETS LESS CURRENT LIABILITIES

75,485

66,455

PROVISIONS FOR LIABILITIES

18

-

NET ASSETS

75,467

66,455

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,367

66,355

SHAREHOLDERS' FUNDS

75,467

66,455

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 20th December 2018 and were signed on its behalf by:

M P Cooper - Director

Mrs T J Cooper - Director

1.	STATUTORY INFORMATION

Zone 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

200,000

AMORTISATION

At 1st April 2017

and 31st March 2018

200,000

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2017

and 31st March 2018

1,218

DEPRECIATION

At 1st April 2017

1,092

Charge for year

32

At 31st March 2018

1,124

NET BOOK VALUE

At 31st March 2018

94

At 31st March 2017

126

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

13,133

14,340

Other debtors

11,633

14,858

24,766

29,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

37,308

25,790

Other creditors

39,664

31,651

76,972

57,441