Registered number
07349036
Academy of Music Production Limited
Abbreviated Accounts
31 August 2012
Academy of Music Production Limited
Registered number: 07349036
Abbreviated Balance Sheet
as at 31 August 2012
Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 4,523 5,654
Current assets
Debtors 256 1
Cash at bank and in hand 36,570 10,374
36,826 10,375
Creditors: amounts falling due within one year (6,130) (9,208)
Net current assets 30,696 1,167
Total assets less current liabilities 35,219 6,821
Creditors: amounts falling due after more than one year (6,000) -
Net assets 29,219 6,821
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 29,218 6,820
Shareholders' funds 29,219 6,821
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Trystan Hone
Director
Approved by the board on 15 May 2013
Academy of Music Production Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2012
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Furniture & Equipment 100% Annual Investment Allowance
0 0
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 September 2011 19,001
Additions 5,778
At 31 August 2012 24,779
Depreciation
At 1 September 2011 13,347
Charge for the year 6,909
At 31 August 2012 20,256
Net book value
At 31 August 2012 4,523
At 31 August 2011 5,654
3 Share capital Nominal 2012 2012 2011
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - 1
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