REGISTERED NUMBER: 06477864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

'A' RECORDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms S Farrow

A A Newcombe

SECRETARY:

S J Flint

REGISTERED OFFICE:

The Mansion

BRE

Bucknalls Lane

Watford

Hertfordshire

WD25 9XX

REGISTERED NUMBER:

06477864 (England and Wales)

ACCOUNTANTS:

Pearson & Co

Chartered Accountants

The Mansion

BRE

Bucknalls Lane

Watford

Hertfordshire

WD25 9XX

FIXED ASSETS

Intangible assets

3

459

918

Tangible assets

4

25,520

30,438

25,979

31,356

CURRENT ASSETS

Stocks

20,050

24,953

Debtors

5

89,040

65,058

Cash at bank

-

567

109,090

90,578

CREDITORS

Amounts falling due within one year

6

121,284

111,906

NET CURRENT LIABILITIES

(12,194

)

(21,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,785

10,028

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

13,775

10,018

SHAREHOLDERS' FUNDS

13,785

10,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 July 2018 and were signed on its behalf by:

A A Newcombe - Director

1.	STATUTORY INFORMATION

'A' Recordings Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2016

and 31 July 2017

2,754

AMORTISATION

At 1 August 2016

1,836

Charge for year

459

At 31 July 2017

2,295

NET BOOK VALUE

At 31 July 2017

459

At 31 July 2016

918

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

88,497

Additions

3,076

At 31 July 2017

91,573

DEPRECIATION

At 1 August 2016

58,059

Charge for year

7,994

At 31 July 2017

66,053

NET BOOK VALUE

At 31 July 2017

25,520

At 31 July 2016

30,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

77,222

42,621

Other debtors

11,818

22,437

89,040

65,058

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

4,638

-

Trade creditors

28,756

22,255

Taxation and social security

49,052

74,566

Other creditors

38,838

15,085

121,284

111,906