Vella Ventures Ltd - Period Ending 2014-09-30

Registration number: 07370042

Vella Ventures Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

MyAccountant.co.uk Limited
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Vella Ventures Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Vella Ventures Ltd
(Registration number: 07370042)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					2,106			1,140
Current assets
Debtors					15,886			18,009
Cash at bank and in hand					29,267			102,106
					45,153			120,115
Creditors: Amounts falling due within one year					(42,058)			(70,869)
Net current assets					3,095			49,246
Net assets					5,201			50,386
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					5,199			50,384
Shareholders' funds					5,201			50,386

For the year ending 30 September 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 22 June 2015 and signed on its behalf by:

.........................................
Mr Roy Charles Vella
Director

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

Vella Ventures Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 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 goods and 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	Straight line over 3 years

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		3,420			3,420
Additions		3,158			3,158
At 30 September 2014		6,578			6,578
Depreciation
At 1 October 2013		2,280			2,280
Charge for the year		2,192			2,192
At 30 September 2014		4,472			4,472
Net book value
At 30 September 2014		2,106			2,106
At 30 September 2013		1,140			1,140

3	Share capital

Allotted, called up and fully paid shares

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

Page 2

Vella Ventures Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

4

Control

The company is controlled by Mr R C Vella.

Page 3