Abbreviated Company Accounts - VELVET RAZOR LIMITED

VELVET RAZOR LIMITED - Company Information

08077491 VELVET RAZOR LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 08077491 2013-06-01 2014-05-31 08077491 2014-05-31 08077491 2013-05-31 08077491 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08077491 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 08077491

VELVET RAZOR LIMITED

Abbreviated Accounts

31 May 2014

VELVET RAZOR LIMITED Registered Number 08077491

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	10,727	10,486
		10,727	10,486
Creditors: amounts falling due within one year		(54,942)	(45,005)
Net current assets (liabilities)		(54,942)	(45,005)
Total assets less current liabilities		(44,215)	(34,519)
Total net assets (liabilities)		(44,215)	(34,519)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(44,217)	(34,521)
Shareholders' funds		(44,215)	(34,519)

For the year ending 31 May 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 19 February 2015

And signed on their behalf by:
D Kent, Director

VELVET RAZOR LIMITED Registered Number 08077491

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery – 25% reducing balance per annum

2Tangible fixed assets

	£
Cost
At 1 June 2013	21,948
Additions	3,816
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	25,764
Depreciation
At 1 June 2013	11,462
Charge for the year	3,575
On disposals	-
At 31 May 2014	15,037
Net book values
At 31 May 2014	10,727
At 31 May 2013	10,486

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2