AMBASSADOR_MUSIC_LIMITED - Accounts

AMBASSADOR MUSIC LIMITED - Company Information

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Company Registration No. 00666140 (England and Wales)

AMBASSADOR MUSIC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

AMBASSADOR MUSIC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

AMBASSADOR MUSIC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

1,177

40,513

Cash at bank and in hand

303,596

290,581

304,773

331,094

Creditors: amounts falling due within one year

(107,080)

(128,692)

Total assets less current liabilities

197,693

202,402

Capital and reserves

Called up share capital

100

Profit and loss account

197,593

202,302

Shareholders' funds

197,693

202,402

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 March 2015

D. Candis Paule

Director

Company Registration No. 00666140

AMBASSADOR MUSIC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover consists of royalties and fees received during the year net of value added tax. Royalty income is accounted for on a receipt basis. All other income is accounted for on an accruals basis with reference to the invoice date.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary share of £1 each

100