House of Guitars Limited |
Accountants' Report |
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Accountants' report to the director of |
House of Guitars Limited |
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You consider that the company is exempt from an audit for the year ended 31 March 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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Lachman Livingstone |
Chartered accountants |
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136 Pinner Road |
Northwood, Middlesex |
HA6 1BP |
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25 November 2015 |
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House of Guitars Limited
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Balance Sheet |
as at 31 March 2015
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Notes |
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2015 |
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2014 |
£ |
£ |
Current assets |
Cash at bank and in hand |
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1 |
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1 |
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Creditors: amounts falling due within one year |
2 |
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(10,520) |
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(10,520) |
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Net current liabilities |
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(10,519) |
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(10,519) |
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Net liabilities |
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(10,519) |
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(10,519) |
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Capital and reserves |
Called up share capital |
3 |
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100 |
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100 |
Profit and loss account |
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(10,619) |
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(10,619) |
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Shareholder's funds |
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(10,519) |
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(10,519) |
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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.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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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.
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................................................ |
D B Moorhouse |
Director |
Approved by the board on 25 November 2015
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House of Guitars Limited
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Notes to the Accounts |
for the year ended 31 March 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover |
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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.
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Deferred taxation |
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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. |
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2 |
Creditors: amounts falling due within one year |
2015 |
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2014 |
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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10,520 |
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10,520 |
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3 |
Share capital |
Nominal |
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2015 |
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2015 |
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2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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100 |
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100 |
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100 |
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4 |
Ultimate controlling party |
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The ultimate parent company is House Music Limited, a company registered in England and Wales. The ultimate controlling party of House Music Limited is Mr D B Moorhouse.
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