NICE_AGE_LIMITED - Accounts

NICE AGE LIMITED - Company Information

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Company Registration No. 07632822 (England and Wales)

NICE AGE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

NICE AGE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NICE AGE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

1,240

Debtors

5,595

302

Cash at bank and in hand

4,545

6,411

11,380

6,713

Creditors: amounts falling due within one year

(19,831)

(3,028)

Total assets less current liabilities

(8,451)

3,685

Capital and reserves

Called up share capital

Profit and loss account

(8,452)

3,684

Shareholder's funds

(8,451)

3,685

For the financial year ended 30 June 2015 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 his 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 26 January 2016

O Higginbottom

Director

Company Registration No. 07632822

NICE AGE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 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).

Going concern

The company meets its day to day working capital requirements through the support of the director, O Higginbottom and entities under his control.

On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support by other entities under the director's control.

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 represents amounts receivable for record label management services and other sundry income net of VAT. Income is recognised by reference to the date of project completion.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary Shares of £1 each

Ultimate parent company

From 14 May 2015, the ultimate parent company is Totally Enormous Limited, a company registered in England and Wales.