2014 Companies House Accounts - pinacle (P14IXCHSE)

2014 Companies House Accounts - pinacle (P14IXCHSE)

VALETCRAFT LIMITED - Company Information

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VALETCRAFT LIMITED 285382 2013-04-01 2014-03-31 false true 285382 2012-03-31 285382 2012-04-01 2013-03-31 285382 uk-countries:OtherCountriesRegions 2012-04-01 2013-03-31 285382 uk-countries:UnitedKingdom 2012-04-01 2013-03-31 285382 uk-countries:Europe 2012-04-01 2013-03-31 285382 uk-countries:Africa 2012-04-01 2013-03-31 285382 uk-countries:South-eastAsia 2012-04-01 2013-03-31 285382 uk-gaap:BusinessSegment1 2012-04-01 2013-03-31 285382 uk-gaap:BusinessSegment2 2012-04-01 2013-03-31 285382 uk-gaap:BusinessSegment3 2012-04-01 2013-03-31 285382 uk-gaap:BusinessSegment4 2012-04-01 2013-03-31 285382 uk-gaap:BusinessSegment5 2012-04-01 2013-03-31 285382 uk-gaap:OfficeEquipment 2012-04-01 2013-03-31 285382 uk-gaap:FixturesFittingsToolsEquipment 2012-04-01 2013-03-31 285382 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-04-01 2013-03-31 285382 uk-gaap:PositiveGoodwill 2012-04-01 2013-03-31 285382 uk-gaap:LandBuildings 2012-04-01 2013-03-31 285382 uk-gaap:LeasedTangibleFixedAssets 2012-04-01 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VALETCRAFT LIMITED
 
 
ABBREVIATED ACCOUNTS
 
YEAR ENDED 31 MARCH 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
Company Registration Number - 285382
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ANDREWS AND COMPANY
 
Accountants & Tax Consultants
V002
                                                                                                                                                                           
1 .
Accountant's report to the directors of VALETCRAFT LIMITED
 
 
 
 
 
 
 
 
 
 
You consider that the company is exempt from an audit for the year ended 31 March 2014. You
have acknowledged, on the balance sheet, your responsibilities for ensuring that the company keeps
accounting records which comply with the Companies Act 2006, and for preparing accounts which
give a true and fair view of the state of affairs of the company and of its profit or loss for the
financial year.
 
In accordance with your instructions, we have prepared the accounts on pages 4 to 9 from the
accounting records of the company and on the basis of information and explanations you have given
us.
 
We have not carried out an audit or any other review, and consequently we do not express any
opinion on these accounts.
 
 
 
 
 
___________________
30 January 2015 ANDREWS AND COMPANY
Accountants & Tax Consultants
4 Grand Cinema Buildings
Poole Road
Bournemouth
BH4 9DW
                                                                                                                                                                           
2 .
VALETCRAFT LIMITED
Company Number - 285382
 
Abbreviated balance sheet
 
31 March 2014
 
2014 2013
Notes £ £ £ £
Fixed assets
 
Tangible assets 2 63,168 98,507
 
Current assets
 
Stocks 164,731 183,353
Debtors 3 103,076 60,621
Cash at bank and in hand 15,533 1,182
283,340 245,156
 
Creditors - Amounts falling
due within one year 4 164,763 258,657
Net current assets (liabilities) 118,577 (13,501 )
Net assets 181,745 85,006
 
Capital and reserves
 
Called up share capital 5 2,000 2,000
Other reserves 8,152 8,152
Profit and loss account 171,593 74,854
Shareholders' funds 181,745 85,006
 
These abbreviated accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
 
For the financial year ended 31 March 2014, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
 
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
 
Approved by the board on 30 January 2015.
 
)
......................... ) A L HILL
Director
 
                                                                                                                                                                           
3 .
VALETCRAFT LIMITED
Notes to the abbreviated accounts
 
For the year ended 31 March 2014
 
1 . Accounting policies
 
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
Tangible fixed assets and depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
 
Fixtures and fittings - 25% reducing balance
 
No depreciation is provided on freehold land.
 
Investment income
Dividends received are accounted for on the basis of cash received plus the attributable tax
credit.
 
Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied exclusive of Value Added Tax.
 
2 . Fixed assets
Tangible
fixed
assets
£
Cost or valuation
At 01 April 2013 105,984
Disposals (35,000 )
At 31 March 2014 70,984
 
Depreciation
At 01 April 2013 7,478
Charge for year 338
At 31 March 2014 7,816
 
Net Book Values
At 31 March 2014 63,168
 
At 01 April 2013 98,507
 
                                                                                                                                                                           
4 .
VALETCRAFT LIMITED
Notes to the abbreviated accounts
 
For the year ended 31 March 2014
 
3 . Debtors
 
Included in debtors is a director's current account in respect of Mr A L Hill.
 
The liability under the loan at the beginning and end of the year respectively was £nil and £36,340.
The maximum amount of the loan outstanding during the year was £36,340.
 
2014 2013
£ £
4 . Creditors
 
Included in creditors are the following:
 
Bank overdraft 55,000 194,328
 
5 . Called up share capital
2014 2013
£ £
 
There was no change in share capital during the year.
 
Ordinary shares of £ 1 each 1,000 1,000
 
6 . Transactions with directors
 
The company has in existence a loan both to and from Palmroy Finance Limited, a company under
the control of the director Mr A L Hill. The amount owed to Palmroy Finance Ltd at 31 March 2013
was £31,718 and the amount owed by that company to Valetcraft Ltd was £58,753.