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REGISTERED NUMBER: 06114624 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

VIP Grinders Ltd

VIP Grinders Ltd (Registered number: 06114624)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

VIP Grinders Ltd

Company Information
for the Year Ended 31 March 2015







DIRECTORS: M Hicks
P J Donovan





SECRETARY: M Hicks





REGISTERED OFFICE: Overdene House
49 Church Street,
Theale,
Reading
Berkshire
RG75BX





REGISTERED NUMBER: 06114624 (England and Wales)





ACCOUNTANTS: Kirkpatrick & Hopes Ltd
Overdene House
49 Church Street
Theale
Reading
Berkshire
RG7 5BX

VIP Grinders Ltd (Registered number: 06114624)

Abbreviated Balance Sheet
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 27,654 29,908
27,654 29,908

CURRENT ASSETS
Debtors 92,063 114,637
Cash at bank and in hand 194,333 157,887
286,396 272,524
CREDITORS
Amounts falling due within one year 94,647 100,705
NET CURRENT ASSETS 191,749 171,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,403

201,727

PROVISIONS FOR LIABILITIES 4,472 4,691
NET ASSETS 214,931 197,036

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 214,831 196,936
SHAREHOLDERS' FUNDS 214,931 197,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 4 November 2015 and were signed on its behalf
by:





P J Donovan - Director


VIP Grinders Ltd (Registered number: 06114624)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods and services, excluding value added tax, and is recognised at
the time of invoicing.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2007, has been amortised
evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on cost
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Going concern justification
The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is
appropriate because there are no material uncertainties related to events or conditions that may cast significant
doubt about the ability of the company to continue as a going concern.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 110,000
AMORTISATION
At 1 April 2014
and 31 March 2015 110,000
NET BOOK VALUE

At 31 March 2015 -
At 31 March 2014 -

VIP Grinders Ltd (Registered number: 06114624)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 94,773
Additions 6,518
At 31 March 2015 101,291
DEPRECIATION
At 1 April 2014 64,865
Charge for year 8,772
At 31 March 2015 73,637
NET BOOK VALUE
At 31 March 2015 27,654
At 31 March 2014 29,908

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the following balances existed on loan accounts with the directors:

M Hicks £215 in credit (2014: £187 in credit)

P J Donovan £720 in credit (2014: £691 in credit)

The above loans are interest free and with no fixed date for repayment.

The company paid dividends to the directors as follows:

M Hicks £96,750 (2014 - £80,439)

P J Donovan £96,750 (2014 - £80,439)