REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015 |
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FOR |
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THAT'S ENTERTAINMENT RECORDS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015 |
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FOR |
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THAT'S ENTERTAINMENT RECORDS LIMITED |
THAT'S ENTERTAINMENT RECORDS LIMITED (REGISTERED NUMBER: 01679837) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 | to | 4 |
THAT'S ENTERTAINMENT RECORDS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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THAT'S ENTERTAINMENT RECORDS LIMITED (REGISTERED NUMBER: 01679837) |
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ABBREVIATED BALANCE SHEET |
31 JANUARY 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Other reserves |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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THAT'S ENTERTAINMENT RECORDS LIMITED (REGISTERED NUMBER: 01679837) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of accounting |
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). |
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Preparation of consolidated financial statements |
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The |
company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 |
not to prepare group accounts. |
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Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Office equipment - 10% on reducing balance |
Fixtures & fittings - 10% on reducing balance |
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Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any |
incidental costs of acquisition. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Cost is calculated using the first-in first-out method and includes the normal cost of transporting stock to its |
present location and condition. Cost includes material and direct labour costs together with an appropriate |
proportion of production overheads. Net realisable value is the anticipated sales proceeds less any costs of |
disposal. |
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Foreign currencies |
Transactions denominated in foreign currencies are recorded at the rates of exchange ruling at the dates of the |
transactions, or at an average rate for the period if the rates do not fluctuate significantly. Monetary assets and |
liabilities are translated at year end exchanges rates or, where appropriate, at rates of exchange fixed under the |
terms of the relevant transaction. The resulting exchange rate differences are charged to the profit and loss |
account. |
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Investments |
Fixed asset investments are stated at cost less provision for diminution of value. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
and 31 January 2015 |
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DEPRECIATION |
At 1 February 2014 |
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Charge for year |
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At 31 January 2015 |
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NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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THAT'S ENTERTAINMENT RECORDS LIMITED (REGISTERED NUMBER: 01679837) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2015 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 February 2014 |
and 31 January 2015 | 100 |
NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business: |
% |
Class of shares: | holding |
Ordinary shares | 100.00 |
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£ | £ |
Aggregate capital and reserves | (30,135 | ) | (15,660 | ) |
Loss for the year | (14,475 | ) | (39,242 | ) |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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At 31 January 2015 the company owed £12,870 (2014: £13,800) to John Yap, director of the company. |