Company Registration No. 07433312 (England and Wales)
FINGER MUSIC & SOUND DESIGN LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
FINGER MUSIC & SOUND DESIGN LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FINGER MUSIC & SOUND DESIGN LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,103
-
Current assets
Debtors
332,785
163,594
Cash at bank and in hand
193,577
257,917
526,362
421,511
Creditors: amounts falling due within one year
(125,300)
(30,331)
Net current assets
401,062
391,180
Total assets less current liabilities
402,165
391,180
Capital and reserves
Called up share capital
3
100
2
Profit and loss account
402,065
391,178
Shareholders' funds
402,165
391,180
For the financial year ended 31 March 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 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 25 October 2016
Mr J Murrell
Director
Company Registration No. 07433312
FINGER MUSIC & SOUND DESIGN LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
Straight line over 3 years
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
-
Additions
1,654
At 31 March 2016
1,654
Depreciation
At 1 April 2015
-
Charge for the year
551
At 31 March 2016
551
Net book value
At 31 March 2016
1,103
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
2
98 ordinary shares were issued on 13 October 2014 for par.