Registered Number 06574923

V4 SERVICES LIMITED

Abbreviated Accounts

31 March 2013

V4 SERVICES LIMITED Registered Number 06574923

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 32,895 28,007
32,895 28,007
Current assets
Debtors 1,196,214 1,100,559
Cash at bank and in hand 64,125 231,365
1,260,339 1,331,924
Creditors: amounts falling due within one year (908,709) (1,019,161)
Net current assets (liabilities) 351,630 312,763
Total assets less current liabilities 384,525 340,770
Provisions for liabilities (6,799) (6,052)
Total net assets (liabilities) 377,726 334,718
Capital and reserves
Called up share capital 3 75 75
Other reserves 25 25
Profit and loss account 377,626 334,618
Shareholders' funds 377,726 334,718
  • For the year ending 31 March 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 December 2013

And signed on their behalf by:
P D Tonks, Director

V4 SERVICES LIMITED Registered Number 06574923

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of management consultancy and other services supplied and disbursements recoverable during the period, excluding VAT.

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

Computer equipment - 33.33% on cost

Other accounting policies
Preparation of consolidated financial statements
The financial statements contain information about V4 Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets
£
Cost
At 1 April 2012 48,346
Additions 29,423
Disposals -
Revaluations -
Transfers -
At 31 March 2013 77,769
Depreciation
At 1 April 2012 20,339
Charge for the year 24,535
On disposals -
At 31 March 2013 44,874
Net book values
At 31 March 2013 32,895
At 31 March 2012 28,007
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
75,000 Ordinary shares of £0.001 each 75 75

4Transactions with directors

Name of director receiving advance or credit: P D Tonks
Description of the transaction: Loan to director
Balance at 1 April 2012: £ 0
Advances or credits made: £ 29,262
Advances or credits repaid: £ 12,679
Balance at 31 March 2013: £ 16,583

Interest of £717 was paid by the director which was calculated at 4% on the average balance of the loan using the normal averaging calculation proscribed by HM Revenue and Customs. The loan has now been repaid in full.