Company Registration No. 06903369 (England and Wales)
THIS AIN'T ROCK 'N' ROLL LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
THIS AIN'T ROCK 'N' ROLL LIMITED
COMPANY INFORMATION
Directors
S Tomlinson
C Waterhouse
C Russell
Company number
06903369
Registered office
4th Floor, Park Gate
161-163 Preston Road
Brighton
East Sussex
BN1 6AF
Accountants
Friend-James Limited
4th Floor, Park Gate
161-163 Preston Road
Brighton
East Sussex
BN1 6AF
Business address
First Floor
151 Borough High Street
Bankside
London
SE1 1HR
THIS AIN'T ROCK 'N' ROLL LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 8
THIS AIN'T ROCK 'N' ROLL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2016
- 1 -
The directors present their report and financial statements for the year ended 31 May 2016.
Principal activities
The principal activity of the company continued to be that of the provision of advertising consultancy services.
Directors
The following directors have held office since 1 June 2015:
S Tomlinson
C Waterhouse
C Russell
Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
C Waterhouse
Director
27 February 2017
THIS AIN'T ROCK 'N' ROLL LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THIS AIN'T ROCK 'N' ROLL LIMITED FOR THE YEAR ENDED 31 MAY 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of This Ain't Rock 'N' Roll Limited for the year ended 31 May 2016 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of This Ain't Rock 'N' Roll Limited, as a body, in accordance with the terms of our engagement letter dated 5 November 2014. Our work has been undertaken solely to prepare for your approval the financial statements of This Ain't Rock 'N' Roll Limited and state those matters that we have agreed to state to the Board of Directors of This Ain't Rock 'N' Roll Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than This Ain't Rock 'N' Roll Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that This Ain't Rock 'N' Roll Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of This Ain't Rock 'N' Roll Limited. You consider that This Ain't Rock 'N' Roll Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of This Ain't Rock 'N' Roll Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Friend-James Limited
27 February 2017
Chartered Accountants
4th Floor, Park Gate
161-163 Preston Road
Brighton
East Sussex
BN1 6AF
THIS AIN'T ROCK 'N' ROLL LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
2016
2015
Notes
£
£
Turnover
215,059
325,363
Cost of sales
(57,597)
(174,622)
Gross profit
157,462
150,741
Administrative expenses
(76,397)
(83,201)
Operating profit
2
81,065
67,540
Investment income
3
-
(40)
Other interest receivable and similar income
3
9
20
Profit on ordinary activities before taxation
81,074
67,520
Tax on profit on ordinary activities
4
(17,207)
(14,443)
Profit for the year
10
63,867
53,077
THIS AIN'T ROCK 'N' ROLL LIMITED
BALANCE SHEET
AS AT
31 MAY 2016
31 May 2016
- 4 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
6
7,821
10,308
Current assets
Debtors
7
30,108
57,724
Cash at bank and in hand
9,557
30,265
39,665
87,989
Creditors: amounts falling due within one year
8
(45,146)
(89,824)
Net current liabilities
(5,481)
(1,835)
Total assets less current liabilities
2,340
8,473
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
10
2,240
8,373
Shareholders' funds
2,340
8,473
For the financial year ended 31 May 2016 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 27 February 2017
.....................................
............................
.............................
S Tomlinson
C Russell
C Waterhouse
Director
Director
Director
Company Registration No. 06903369
THIS AIN'T ROCK 'N' ROLL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
- 5 -
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 January 2015).

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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
2
Operating profit
2016
2015
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
2,608
3,437
Directors' remuneration
20,333
22,392
3
Investment income
2016
2015
£
£
Income from fixed asset investments
-
(40)
Bank interest
9
20
9
(20)
4
Taxation
2016
2015
£
£
Domestic current year tax
U.K. corporation tax
17,207
14,443
Total current tax
17,207
14,443
THIS AIN'T ROCK 'N' ROLL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 6 -
5
Dividends
2016
2015
£
£
Ordinary 'B' shares
28,000
39,000
Ordinary 'A' shares
42,000
58,500
70,000
97,500
6
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2015
31,785
Additions
121
At 31 May 2016
31,906
Depreciation
At 1 June 2015
21,477
Charge for the year
2,608
At 31 May 2016
24,085
Net book value
At 31 May 2016
7,821
At 31 May 2015
10,308
7
Debtors
2016
2015
£
£
Trade debtors
27,258
54,874
Other debtors
2,850
2,850
30,108
57,724
THIS AIN'T ROCK 'N' ROLL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 7 -
8
Creditors: amounts falling due within one year
2016
2015
£
£
Bank loans and overdrafts
1,487
1,671
Trade creditors
8,403
47,274
Taxation and social security
24,707
29,424
Other creditors
10,549
11,455
45,146
89,824
9
Share capital
2016
2015
£
£
Allotted, called up and fully paid
60 Ordinary 'A' shares of £1 each
60
60
40 Ordinary 'B' shares of £1 each
40
40
100
100
10
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 June 2015
8,373
Profit for the year
63,867
Dividends paid
(70,000)
Balance at 31 May 2016
2,240
11
Control

The ultimate controlling parties are C Waterhouse and S Tomlinson, as directors and majority shareholders for the year under review.

 

12
Related party relationships and transactions
THIS AIN'T ROCK 'N' ROLL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
12
Related party relationships and transactions
(Continued)
- 8 -
Dividends to Directors
The following directors were paid dividends during the year as outlined in the table below:
15,400 21,000 21,000 29,250 21,000 29,250 57,400 79,500 Other transactions At the balance sheet date C Waterhouse and S Tomlinson's joint loan account was £2239 (2015:£8353) in credit at the balance sheet date. C Russell's directors loan account was £1305 (2015:£359) in credit.
2016
2015
£
£
  C Russell
15,400
21,000
C Waterhouse
21,000
29,250
S Tomlinson
21,000
29,250
57,400
79,500
Other transactions

At the balance sheet date C Waterhouse and S Tomlinson's joint loan account was £2239 (2015:£8353) in credit at the balance sheet date. C Russell's directors loan account was £1305 (2015:£359) in credit.

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