Company Registration No. 02667549 (England and Wales)
Recordtheme Limited
Unaudited accounts
for the year ended 31 August 2017
Recordtheme Limited
Unaudited accounts
Contents
Recordtheme Limited
Company Information
for the year ended 31 August 2017
Directors
G Boudreau
V Wilson
Company Number
02667549 (England and Wales)
Registered Office
The Old Grammar School
High Street
Rye
East Sussex
TN31 7JF
Recordtheme Limited
Statement of financial position
as at
31 August 2017
Cash at bank and in hand
1,963
1,055
Creditors: amounts falling due within one year
(2,088)
(3,023)
Net current assets
9,125
6,532
Total assets less current liabilities
9,225
6,665
Creditors: amounts falling due after more than one year
(5,800)
(7,000)
Net assets/(liabilities)
3,425
(335)
Called up share capital
2
2
Profit and loss account
3,423
(337)
Shareholders' funds
3,425
(335)
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 April 2018.
G Boudreau
Director
Company Registration No. 02667549
Recordtheme Limited
Notes to the Accounts
for the year ended 31 August 2017
Recordtheme Limited is a private company, limited by shares, registered in England and Wales, registration number 02667549. The registered office is The Old Grammar School, High Street, Rye, East Sussex, TN31 7JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover, which is stated net of value added tax, represents amounts invoiced to third
parties.
Tangible fixed assets policy
Depreciation of fixtures, fittings and equipment is provided at 25% on written down value in order to write off the cost of each asset over its likely useful life.
Recordtheme Limited
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2016
20,800
753
21,553
At 31 August 2017
20,800
753
21,553
At 1 September 2016
20,800
620
21,420
Charge for the year
-
33
33
At 31 August 2017
20,800
653
21,453
At 31 August 2017
-
100
100
At 31 August 2016
-
133
133
Finished goods
9,250
8,500
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
138
128
Other creditors
1,500
1,500
Loans from directors
-
1,000
7
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
5,800
7,000
Loans not repayable at any specific time. The adjustment of £4,500 in the Statement of Income and Retained Earnings was made to correct the amount payable to lenders which was understated in previous years.
8
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
Interest of £300 was paid to the director, V Wilson.
10
Average number of employees
During the year the average number of employees was 4 (2016: 5).