Showster Crake Music Ltd - Abbreviated accounts

Showster Crake Music Ltd - Abbreviated accounts


Registered number
07875492
Showster Crake Music Ltd
Abbreviated Accounts
31 January 2015
Showster Crake Music Ltd
Registered number: 07875492
Abbreviated Balance Sheet
as at 31 January 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,365 3,023
Current assets
Debtors 905 679
Cash at bank and in hand 8,187 10,924
9,092 11,603
Creditors: amounts falling due within one year (11,209) (14,599)
Net current liabilities (2,117) (2,996)
Net assets 248 27
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 246 25
Shareholders' funds 248 27
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A Crowley
Director
Approved by the board on 17 February 2015
Showster Crake Music Ltd
Notes to the Abbreviated Accounts
for the year ended 31 January 2015
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% straight line
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
At 1 February 2014 4,389
At 31 January 2015 4,389
Depreciation
At 1 February 2014 1,366
Charge for the year 658
At 31 January 2015 2,024
Net book value
At 31 January 2015 2,365
At 31 January 2014 3,023
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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