Company Registration No. 02353436 (England and Wales)
SYMPHONY GLOBAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
SYMPHONY GLOBAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SYMPHONY GLOBAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,024,096
792,571
Current assets
Stocks
112,000
83,000
Debtors
51,598
50,237
Cash at bank and in hand
1,469
2
165,067
133,239
Creditors: amounts falling due within one year
(900,183)
(488,745)
Net current liabilities
(735,116)
(355,506)
Total assets less current liabilities
288,980
437,065
Capital and reserves
Called up share capital
3
500,005
500,005
Profit and loss account
(211,025)
(62,940)
Shareholders' funds
288,980
437,065
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 December 2015
Mrs E N Spencer
Director
Company Registration No. 02353436
SYMPHONY GLOBAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The accounts have been prepared on the going concern basis as the Directors are of the opinion that the Company will have sufficient funds for the year ended 31 March 201
6
to meet its obligations when they fall due.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Intellectual Property Rights
The company acquired Intellectual Property Rights during the year
. It is written off in equal annual instalments over its estimated usefull economic life of 10 years.
2
Fixed assets
Intangible assets
£
Cost
At 1 April 2014
880,635
Additions
355,098
At 31 March 2015
1,235,733
Depreciation
At 1 April 2014
88,064
Charge for the year
123,573
At 31 March 2015
211,637
Net book value
At 31 March 2015
1,024,096
At 31 March 2014
792,571
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
500,005 Ordinary shares of £1 each
500,005
500,005