REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Blue Noise Ltd. |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Blue Noise Ltd. |
Blue Noise Ltd. (Registered number: 01713250) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Blue Noise Ltd. |
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Company Information |
for the Year Ended 31 March 2016 |
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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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ACCOUNTANTS: |
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Blue Noise Ltd. (Registered number: 01713250) |
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Abbreviated Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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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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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
Blue Noise Ltd. (Registered number: 01713250) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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The financial statements were approved by the director on
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Blue Noise Ltd. (Registered number: 01713250) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents amounts receivable in respect of royalties and fees net of Value Added Tax. |
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Tangible fixed assets |
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Land & buildings | - |
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Plant, machinery & equipment | - |
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Fixtures, fittings & IT equipment | - |
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No depreciation is provided for on land & buildings as it is the company's policy to maintain these |
assets in a continued state of sound repair. It is considered that the useful economic lives of these |
assets exceed 50 years and residual values are not materially less than the carrying value in the |
financial statements. Therefore, the director considers that any depreciation charge would not be |
material. Provision is made in the profit and loss account for any permanent diminution in value. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the |
rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at |
the rate ruling at the date of the transaction. All differences are taken to profit and loss account. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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Blue Noise Ltd. (Registered number: 01713250) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Alloted issued and fully paid: |
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Number | Class | Nominal value | 31.03.16 | 31.03.15 |
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Nil | Ordinary | £1 | - | - |
89 | Ordinary 'A' | £1 | 89 | 89 |
1 | Ordinary 'B' | £1 | 1 | 1 |
5 | Ordinary 'C' | £1 | 5 | 5 |
5 | Ordinary 'D' | £1 | 5 | 5 |
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Each class of share possesses the same rights except for the automatic right to receive dividends. |
Dividends are declared on a 'share class by share class' basis. |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
31 March 2015: |
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31.3.16 | 31.3.15 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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During the year, advances of £186,874 were made in various amounts spread evenly across the year. |
Repayments amounted to £165,000 in December 2015. |
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Amounts advanced to G A McCluskey are unsecured, interest free and have no fixed repayment |
schedule. |
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All advances made to G A McCluskey were fully repaid in December 2016. |