Company Registration No. 00666140 (England and Wales)
AMBASSADOR MUSIC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
AMBASSADOR MUSIC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AMBASSADOR MUSIC LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Cash at bank and in hand
264,875
272,898
Creditors: amounts falling due within one year
(81,736)
(83,355)
Total assets less current liabilities
183,139
189,543
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
183,039
189,443
Shareholders' funds
183,139
189,543
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 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 24 February 2017
D. Candis Paule
Director
Company Registration No. 00666140
AMBASSADOR MUSIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 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 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.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary share of £1 each
100
100
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