Noisily Festival Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08412767 (England and Wales)

Abbreviated Accounts

for the Year Ended 28 February 2016

for

Noisily Festival Limited

Page

Company Information

1

Chartered Accountant's Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

LCR Gordon

C E Audley

J A Belfield

W Hazelrigg

R E Parry

REGISTERED OFFICE:

Unit 2, Building 5

19 Osiers Road

London

SW18 1NL

REGISTERED NUMBER:

08412767 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements of Noisily Festival Limited for the year ended 28 February 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Noisily Festival Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Noisily Festival Limited and state those matters that I have agreed to state to the Board of Directors of Noisily Festival Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Noisily Festival Limited Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Noisily Festival Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Noisily Festival Limited. You consider that Noisily Festival Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Noisily Festival Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

Date: .............................................

FIXED ASSETS

Intangible assets

2

2,850

1,200

Tangible assets

3

1,980

2,640

4,830

3,840

CURRENT ASSETS

Debtors

4

9,672

21,658

Cash at bank

4,665

7,977

14,337

29,635

CREDITORS

Amounts falling due within one year

25,459

81,430

NET CURRENT LIABILITIES

(11,122

)

(51,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,292

)

(47,955

)

CREDITORS

Amounts falling due after more than one year

-

9,000

NET LIABILITIES

(6,292

)

(56,955

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

(6,293

)

(56,956

)

SHAREHOLDERS' FUNDS

(6,292

)

(56,955

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 January 2017 and were signed on its behalf by:

LCR Gordon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Website development cost

The cost has been amortised evenly over the estimated useful life of 4 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Deferred tax

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in

the financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will

be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing

differences can be deducted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

2,400

Additions

3,000

At 28 February 2016

5,400

AMORTISATION

At 1 March 2015

1,200

Amortisation for year

1,350

At 28 February 2016

2,550

NET BOOK VALUE

At 28 February 2016

2,850

At 28 February 2015

1,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 28 February 2016

3,300

DEPRECIATION

At 1 March 2015

660

Charge for year

660

At 28 February 2016

1,320

NET BOOK VALUE

At 28 February 2016

1,980

At 28 February 2015

2,640

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (28.2.15 - £ 12,656 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

£

1,000

Ordinary

0.001

1

1