Paul Talkington Music Services Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05697678

Abbreviated Accounts

for the Year Ended 31 March 2014

for

Paul Talkington Music Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A Talkington

Mrs P J Talkington

SECRETARY:

REGISTERED OFFICE:

5 Oakwell Avenue

Bridlington

Yorkshire

YO16 6UL

REGISTERED NUMBER:

05697678

ACCOUNTANTS:

JR Zealand & Company

Chartered Tax Advisors

5 Oakwell Avenue

Bridlington

Yorkshire

YO16 6UL

FIXED ASSETS

Tangible assets

2

4,607

6,143

CURRENT ASSETS

Debtors

9,830

82,638

Cash at bank

84,435

27,462

94,265

110,100

CREDITORS

Amounts falling due within one
year

21,659

26,535

NET CURRENT ASSETS

72,606

83,565

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,213

89,708

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

77,211

89,706

SHAREHOLDERS' FUNDS

77,213

89,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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
13 November 2014 and were signed on its behalf by:

P A Talkington - 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 April 2008).

Turnover

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

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 etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

15,749

DEPRECIATION

At 1 April 2013

9,606

Charge for year

1,536

At 31 March 2014

11,142

NET BOOK VALUE

At 31 March 2014

4,607

At 31 March 2013

6,143

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

2

Ordinary

£1

2

Paul Talkington Music Services Ltd - Limited company - abbreviated - 11.6

Paul Talkington Music Services Ltd - Limited company - abbreviated - 11.6