Vince Platts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03203033 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Vince Platts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr V Platts

SECRETARY:

Miss A Mills

REGISTERED OFFICE:

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

REGISTERED NUMBER:

03203033 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

2

12,735

25,054

CURRENT ASSETS

Stocks

10,406

21,657

Debtors

21,771

23,789

Cash at bank

93,159

70,723

125,336

116,169

CREDITORS

Amounts falling due within one year

66,902

65,739

NET CURRENT ASSETS

58,434

50,430

TOTAL ASSETS LESS CURRENT LIABILITIES

71,169

75,484

PROVISIONS FOR LIABILITIES

2,332

3,342

NET ASSETS

68,837

72,142

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

68,737

72,042

SHAREHOLDERS' FUNDS

68,837

72,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 July 2015 and were signed by:

Mr V Platts - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate. There were no

prepaid or outstanding contributions at the year end.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

47,461

Disposals

(8,826

)

At 31 May 2015

38,635

DEPRECIATION

At 1 June 2014

22,407

Charge for year

7,052

Eliminated on disposal

(3,559

)

At 31 May 2015

25,900

NET BOOK VALUE

At 31 May 2015

12,735

At 31 May 2014

25,054

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

£1

100

100