Full Sound Limited Filleted accounts for Companies House (small and micro)

Full Sound Limited Filleted accounts for Companies House (small and micro)

FULL SOUND LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06466359
FULL SOUND LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 October 2018
FULL SOUND LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2018
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
FULL SOUND LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2018
2018
2017
Note
£
£
£
FIXED ASSETS
Investments
4
152,350
152,350
CURRENT ASSETS
Debtors
5
10,300
10,220
Cash at bank and in hand
44
21
--------
--------
10,344
10,241
CREDITORS: amounts falling due within one year
6
( 11,900)
( 10,091)
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 1,556)
150
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
150,794
152,500
CREDITORS: amounts falling due after more than one year
7
( 155,004)
( 155,004)
---------
---------
NET LIABILITIES
( 4,210)
( 2,504)
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 4,310)
( 2,604)
-------
-------
SHAREHOLDERS DEFICIT
( 4,210)
( 2,504)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FULL SOUND LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2018
These financial statements were approved by the board of directors and authorised for issue on 25 July 2019 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 06466359
FULL SOUND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2018
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences as a residual interest in the assets of the company after deducting all of its liabilities.
4. INVESTMENTS
Other investments other than loans
£
Cost
At 1 November 2017 and 31 October 2018
152,350
---------
Impairment
At 1 November 2017 and 31 October 2018
–
---------
Carrying amount
At 31 October 2018
152,350
---------
At 31 October 2017
152,350
---------
5. DEBTORS
2018
2017
£
£
Other debtors
10,300
10,220
--------
--------
6. CREDITORS: amounts falling due within one year
2018
2017
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
10,196
7,816
Other creditors
1,704
2,275
--------
--------
11,900
10,091
--------
--------
7. CREDITORS: amounts falling due after more than one year
2018
2017
£
£
Director's loan account
155,004
155,004
---------
---------