Vivid Laminating Technologies Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02063018 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Vivid Laminating Technologies Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Evans

R N Brewin

SECRETARY:

Mrs R E Evans

REGISTERED OFFICE:

St Georges House

Whitwick Road

Coalville

Leicestershire

LE67 3FA

REGISTERED NUMBER:

02063018 (England and Wales)

ACCOUNTANTS:

The Chartwell Practice

Chartwell House

4 St. Paul's Square

Burton-on-Trent

Staffordshire

DE14 2EF

FIXED ASSETS

Tangible assets

2

240,416

158,546

Investments

3

11,667

-

252,083

158,546

CURRENT ASSETS

Stocks

867,711

904,771

Debtors

1,127,811

1,305,851

Cash at bank and in hand

1,049,353

899,692

3,044,875

3,110,314

CREDITORS

Amounts falling due within one year

546,591

606,335

NET CURRENT ASSETS

2,498,284

2,503,979

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,750,367

2,662,525

CREDITORS

Amounts falling due after more than one
year

(368,215

)

(466,320

)

PROVISIONS FOR LIABILITIES

(4,582

)

(6,154

)

NET ASSETS

2,377,570

2,190,051

CAPITAL AND RESERVES

Called up share capital

4

7,500

Profit and loss account

2,370,070

2,182,551

SHAREHOLDERS' FUNDS

2,377,570

2,190,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 27 January 2015 and were signed on its behalf by:

R N Brewin - 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 the sale of goods excluding Value Added Tax. In the year to 30 April 2014 25.17% (2013:

26.76%) of the companies turnover was to markets outside the United Kingdom.

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

-

Straight line over 3 years

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

485,123

Additions

175,329

Disposals

(54,513

)

At 30 April 2014

605,939

DEPRECIATION

At 1 May 2013

326,577

Charge for year

63,884

Eliminated on disposal

(24,938

)

At 30 April 2014

365,523

NET BOOK VALUE

At 30 April 2014

240,416

At 30 April 2013

158,546

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.4.14

30.4.13

£

Fixed Asset Investment

11,667

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

7,500

Ordinary shares

£1

7,500

Vivid Laminating Technologies Ltd - Limited company - abbreviated - 11.6

Vivid Laminating Technologies Ltd - Limited company - abbreviated - 11.6