Vert Projects Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02935435 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

VERT PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Field

M J Waite

SECRETARY:

M J Waite

REGISTERED OFFICE:

Unit 16, Mulberry Court

Bourne Industrial Park

Bourne Road

Dartford

Kent

DA1 4BF

REGISTERED NUMBER:

02935435 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

2

345,878

326,813

CURRENT ASSETS

Stocks

829,221

457,070

Debtors

25,510

85,567

Cash at bank

56,839

427,028

911,570

969,665

CREDITORS

Amounts falling due within one year

252,394

206,559

NET CURRENT ASSETS

659,176

763,106

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005,054

1,089,919

CAPITAL AND RESERVES

Called up share capital

3

101

101

Profit and loss account

1,004,953

1,089,818

SHAREHOLDERS' FUNDS

1,005,054

1,089,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 July 2015 and were signed on its behalf by:

D Field - Director

M J Waite - 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

383,083

Additions

34,426

Disposals

(12,634

)

At 31 October 2014

404,875

DEPRECIATION

At 1 November 2013

56,270

Charge for year

11,363

Eliminated on disposal

(8,636

)

At 31 October 2014

58,997

NET BOOK VALUE

At 31 October 2014

345,878

At 31 October 2013

326,813

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary A

£1

100

100

1

Ordinary B

£1

1

1

101

101