Company Registration No. 01663116 (England and Wales)
BLAG MUSIC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
BLAG MUSIC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BLAG MUSIC LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
240
4,000
Cash at bank and in hand
9,478
7,690
9,718
11,690
Creditors: amounts falling due within one year
(5,291)
(3,688)
Total assets less current liabilities
4,427
8,002
Capital and reserves
Called up share capital
2
4
4
Profit and loss account
4,423
7,998
Shareholders' funds
4,427
8,002
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 23 September 2016
L Gorman
Director
Company Registration No. 01663116
BLAG MUSIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
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 January 2015).
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 the value of royalty income, net of value added tax. Royalties are recognised on a receivable basis by reference to the royalty accounting periods ending in the accounting year.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
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