Vallecoppa Limited,Ltd - Accounts

Vallecoppa Limited,Ltd - Accounts

VALLECOPPA LIMITED - Company Information

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2013-10-01 true false Private Limited Company 04940171 2014-09-30 04940171 2013-10-01 2014-09-30 04940171 2013-09-30 04940171 2012-10-01 2013-09-30 04940171 uk-bus:Director1 2013-10-01 2014-09-30 04940171 uk-gaap:CommercialMotorVehicles 2013-10-01 2014-09-30 04940171 uk-gaap:FixturesFittings 2013-10-01 2014-09-30 04940171 uk-gaap:AfterOneYear 2013-09-30 04940171 uk-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP
Vallecoppa Limited
For the year ended 30 September 2014
England and Wales
Registered Number: 04940171
2
Contents Page
Vallecoppa Limited
For the year ended 30 September 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Vallecoppa Limited
Accountants' Report
For the year ended 30 September 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 September 2014 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Northumberland Accountants & Tax Advisers
77 The Gables
Widdrington
Morpeth
Northumberland
NE61 5RB
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4
Abbreviated Balance Sheet
Vallecoppa Limited
As at 30 September 2014
04940171
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
997
1,329
997
1,329
Current assets
Stocks
1,500
1,500
Debtors
27,514
24,566
Cash at bank and in hand
700
2,327
26,766
31,341
Creditors: amounts falling due within one year
(37,416)
(31,821)
(6,075)
(5,055)
Net current liabilities
Total assets less current liabilities
(4,058)
(4,746)
Creditors: amounts falling due after more than one year
3
(5,126)
(2,236)
(6,294)
Net liabilities
(9,872)
Capital and reserves
Called up share capital
2
4
2
Profit and loss account
(6,296)
(9,874)
(6,294)
(9,872)
Shareholders funds
For the year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her 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.
Date approved by the board: 24 June 2015
Mrs Joanne Driscoll Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Vallecoppa Limited
For the year ended 30 September 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website Cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25 Reducing balance
Fixtures and Fittings
25 Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
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6
Notes to the Abbreviated Financial Statements
Vallecoppa Limited
For the year ended 30 September 2014
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
4,938
At 01 October 2013
At 30 September 2014
4,938
Depreciation
3,609
At 01 October 2013
332
Charge for year
3,941
At 30 September 2014
Net book values
At 30 September 2014
997
1,329
At 30 September 2013
2013
2014
3 Creditors due after more than one year
£
£
2,236
5,126
Bank loans and overdraft
4 Share capital
Allotted called up and fully paid
2014
2013
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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