Varilink Computing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03121510 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

VARILINK COMPUTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Williamson

REGISTERED OFFICE:

10 Hitchen Road

Long Eaton

Nottingham

NG10 3SB

REGISTERED NUMBER:

03121510 (England and Wales)

ACCOUNTANTS:

NG Accounting & Tax Limited

Johnstone House

2a Gordon Road

West Bridgford

Nottingham

NG2 5LN

FIXED ASSETS

Tangible assets

4

1,128

233

CURRENT ASSETS

Debtors

5

265

Investments

6

27,000

Cash at bank

14,645

14,734

41,910

41,999

CREDITORS

Amounts falling due within one year

7

(4,696

)

(3,097

)

NET CURRENT ASSETS

37,214

38,902

TOTAL ASSETS LESS CURRENT LIABILITIES

38,342

39,135

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

38,042

38,835

SHAREHOLDERS' FUNDS

38,342

39,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director on 25 July 2019 and were signed by:

D Williamson - Director

1.	STATUTORY INFORMATION

Varilink Computing Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2017

10,978

Additions

1,271

At 30 November 2018

12,249

DEPRECIATION

At 1 December 2017

10,745

Charge for year

376

At 30 November 2018

11,121

NET BOOK VALUE

At 30 November 2018

1,128

At 30 November 2017

233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

265

6.	CURRENT ASSET INVESTMENTS

2018

2017

£

Unlisted investments

27,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other creditors

4,696

3,097

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D Williamson.

Varilink Computing Limited - Accounts to registrar (filleted) - small 18.2

Varilink Computing Limited - Accounts to registrar (filleted) - small 18.2