Note			30 June 2014 £
Fixed assets
Tangible fixed assets					358
Current assets
Debtors					9
Cash at bank and in hand					23,848
					23,857
Creditors: Amounts falling due within one year					(6,269)
Net current assets					17,588
Net assets					17,946
Capital and reserves
Called up share capital		3			24
Profit and loss account					17,922
Shareholders' funds					17,946

For the year ending 30 June 2014 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 13 October 2014 and signed on its behalf by:

K F Dukes Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Vale Building Conservation Limited
Notes to the Abbreviated Accounts for the Period from 14 January 2013 to 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: