true
King's Lynn School of Music Limited
08394172
2016-03-31
1185
2955
1186
2956
1
1
1186
2956
1186
2956
-18452
-13981
21350
20697
2898
6716
0
3194
2898
3522
19638
16937
10250
11750
9388
5187
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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced and accrued during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-straight line over 10 years
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Equipment
Method for Equipment
0.0000
15000
15000
4750
3250
1500
11977
6119
5858
2589
932
1657
26977
21119
5858
7339
4182
3157
Ordinary
1
1
1
1
Ordinary
1
1
1
1
2016-12-12
Miss E Pipe
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
King's Lynn School of Music Limited
2015-04-01
2016-03-31
King's Lynn School of Music Limited
2014-04-01
2015-03-31
King's Lynn School of Music Limited
2014-03-31
King's Lynn School of Music Limited
2015-03-31
King's Lynn School of Music Limited
2015-03-31
King's Lynn School of Music Limited
2016-03-31
2016-12-14