VALE_(ELTON)_LIMITED - Accounts

ELTON SHEEPWALK LIMITED - Company Information

Print Friendly Version

Company Registration No. 06365186 (England and Wales)

VALE (ELTON) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

VALE (ELTON) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VALE (ELTON) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

270,000

Current assets

Debtors

3,773

7,993

Cash at bank and in hand

7,263

1,002

11,036

8,995

Creditors: amounts falling due within one year

(1,296,606)

(1,265,135)

Net current liabilities

(1,285,570)

(1,256,140)

Total assets less current liabilities

(1,015,570)

(986,140)

Capital and reserves

Called up share capital

200

Revaluation reserve

40,000

Profit and loss account

(1,055,770)

(1,026,340)

Shareholders' funds

(1,015,570)

(986,140)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 June 2015

R A Oliver

Director

Company Registration No. 06365186

VALE (ELTON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been prepared on a going concern basis. This basis remains appropriate as long as the company enjoys the support of its loan finance provider and of a related company, Vale Retail Limited. There is no reason to suggest that this support will be withdrawn by either party. The going concern basis is therefore considered to be appropriate for this client.

1.2

Compliance with accounting standards

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).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Land and buildings Freehold

Nil

The land and buildings consist of a stone barn and two derelict cottages and therefore the property is not considered to depreciate.

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2014 & at 31 December 2014

270,000

At 31 December 2013

270,000

Share capital

2014

2013

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200