REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 March 2015 |
for |
VIP Grinders Ltd |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on by: |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
AMORTISATION |
At 1 April 2014 |
and 31 March 2015 |
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 |
Additions |
At 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
Ordinary | £1 |
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) |