Company Registration No. 03806434 (England and Wales)
21ST CENTURY ARTISTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
21ST CENTURY ARTISTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
21ST CENTURY ARTISTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,155
553
Current assets
Debtors
191
49,671
Cash at bank and in hand
265,492
190,956
265,683
240,627
Creditors: amounts falling due within one year
(34,722)
(28,684)
Net current assets
230,961
211,943
Total assets less current liabilities
232,116
212,496
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
232,114
212,494
Shareholders' funds
232,116
212,496
For the financial year ended 31 July 2015 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 his 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 12 April 2016
Mr. N.J.F. Peel
Director
Company Registration No. 03806434
21ST CENTURY ARTISTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 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 Standards for Smaller Entities (effective April 2008) and United Kingdom Generally Accepted Accounting Practice for Smaller Entities.
1.2
Turnover
Turnover represents commissions receivable from services provided to booking agents and managing artists in the field of entertainment, net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% p.a. on a straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
1,338
Additions
1,087
At 31 July 2015
2,425
Depreciation
At 1 August 2014
785
Charge for the year
485
At 31 July 2015
1,270
Net book value
At 31 July 2015
1,155
At 31 July 2014
553
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2