REGISTERED NUMBER: 06114624 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

VIP Grinders Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

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

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

-

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)