REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016 |
FOR |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016 |
FOR |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD (REGISTERED NUMBER: 05469050) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD (REGISTERED NUMBER: 05469050) |
ABBREVIATED BALANCE SHEET |
31 AUGUST 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD (REGISTERED NUMBER: 05469050) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
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). |
Changes in accounting policies |
The accounting policy for the depreciation of short leasehold land and buildings has been changed from 18% |
reducing balance to straight line over the year life of the lease. The directors consider that this will give a fairer |
presentation of the results and of the financial position. The carrying amount of short leasehold land and |
buildings at 31 August 2015 is now being depreciated using the revised method over the remaining life of the |
lease, beginning in the current year. As a consequence of the change the depreciation charge for the year is lower |
by £614 and the carrying amount of short leasehold land and buildings is greater by £614. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Goodwill |
The directors consider that purchased goodwill shown in previous financial statements no longer has any value to |
the company. Goodwill has therefore been written off in the year. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
Disposals | ( |
) |
At 31 August 2016 |
AMORTISATION |
At 1 September 2015 |
Eliminated on disposal | ( |
) |
At 31 August 2016 |
NET BOOK VALUE |
At 31 August 2016 |
At 31 August 2015 |
ACADEMY OF MUSIC & SOUND (BIRMINGHAM) |
LTD (REGISTERED NUMBER: 05469050) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2016 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
Additions |
Disposals | ( |
) |
At 31 August 2016 |
DEPRECIATION |
At 1 September 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2016 |
NET BOOK VALUE |
At 31 August 2016 |
At 31 August 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary Shares | 1 |