Abbreviated Company Accounts - EMPIRE STATE BAND LTD

Abbreviated Company Accounts - EMPIRE STATE BAND LTD


Registered Number 03696848

EMPIRE STATE BAND LTD

Abbreviated Accounts

31 December 2015

EMPIRE STATE BAND LTD Registered Number 03696848

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,927 2,968
2,927 2,968
Current assets
Stocks - 355
Cash at bank and in hand 30 193
30 548
Creditors: amounts falling due within one year (47,536) (39,695)
Net current assets (liabilities) (47,506) (39,147)
Total assets less current liabilities (44,579) (36,179)
Total net assets (liabilities) (44,579) (36,179)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (44,581) (36,181)
Shareholders' funds (44,579) (36,179)
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2016

And signed on their behalf by:
M J V Wyatt, Director

EMPIRE STATE BAND LTD Registered Number 03696848

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern - The continuation of the company's activities is dependent on the continued support of its directors. The financial statements have been prepared on the going concern basis on the understanding that their support will continue.

2Tangible fixed assets
£
Cost
At 1 January 2015 25,776
Additions 935
Disposals -
Revaluations -
Transfers -
At 31 December 2015 26,711
Depreciation
At 1 January 2015 22,808
Charge for the year 976
On disposals -
At 31 December 2015 23,784
Net book values
At 31 December 2015 2,927
At 31 December 2014 2,968
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2Ordinary shares of £1 each 2 2