Vantage Planning Limited - Period Ending 2014-06-30

Registration number: 06502705

Vantage Planning Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Vantage Planning Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 06502705

Vantage Planning Limited
Balance Sheet as at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,137			1,200
Current assets
Stocks					3,375			-
Debtors					92,589			2
Cash at bank and in hand					172,169			161,432
					268,133			161,434
Creditors: Amounts falling due within one year					(70,291)			(36,579)
Net current assets					197,842			124,855
Total assets less current liabilities					199,979			126,055
Provisions for liabilities					(427)			-
Net assets					199,552			126,055
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					199,550			126,053
Shareholders' funds					199,552			126,055

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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 27 March 2015

R Matthews
Director

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

Vantage Planning Limited
Notes to the Abbreviated Accounts for the Year Ended 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 consultancy services to customers.

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:

Asset class	Depreciation method and rate
Office equipment	25% Reducing Balance Method

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Vantage Planning Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		3,095			3,095
Additions		1,441			1,441
At 30 June 2014		4,536			4,536
Depreciation
At 1 July 2013		1,895			1,895
Charge for the year		504			504
At 30 June 2014		2,399			2,399
Net book value
At 30 June 2014		2,137			2,137
At 30 June 2013		1,200			1,200

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
R Matthews
	56,695	52,000	-	-

5

Control

The company is controlled by the director and his spouse.

Page 3