Registered Number SC169574
SYMPHONIC LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
receivable by the company for the accounting period and excludes Value Added Tax. Royalty
income is included on a receivable basis calculated on sales of music arising in each accounting
period as reported by collection agencies.
Turnover also represents services rendered in connection with the composition of film scores.
Tangible assets depreciation policy
calculated to write off the cost less estimated residual value of each asset over its expected useful
life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings & equipment 15% reducing balance
£ | |
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Cost | |
At 1 June 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2015 |
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Depreciation | |
At 1 June 2014 |
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Charge for the year |
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On disposals |
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At 31 May 2015 |
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Net book values | |
At 31 May 2015 | 104,152 |
At 31 May 2014 | 120,053 |
3 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 June 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 31 May 2015: | £ |
to the company (2014 : £19,528). Interest of £1,347 (2014: £nil) was charged on the loan at a rate
of 3.04% on the average overdrawn amount for the year.