Abbreviated Company Accounts - V.A.C. MEDIA LIMITED

V.A.C. MEDIA LIMITED - Company Information

05512439 V.A.C. MEDIA LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 05512439 2013-11-01 2014-10-31 05512439 2014-10-31 05512439 2013-10-31 05512439 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 05512439 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 05512439

V.A.C. MEDIA LIMITED

Abbreviated Accounts

31 October 2014

V.A.C. MEDIA LIMITED Registered Number 05512439

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	19,378	22,478
Tangible assets	3	7,148	4,013
		26,526	26,491
Current assets
Debtors		156,277	134,057
Cash at bank and in hand		21,940	39,413
		178,217	173,470
Creditors: amounts falling due within one year		(107,090)	(115,741)
Net current assets (liabilities)		71,127	57,729
Total assets less current liabilities		97,653	84,220
Creditors: amounts falling due after more than one year		(27,609)	(32,923)
Provisions for liabilities		(1,393)	(748)
Total net assets (liabilities)		68,651	50,549
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		67,651	49,549
Shareholders' funds		68,651	50,549

For the year ending 31 October 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 16 July 2015

And signed on their behalf by:
Dr C S Kumar, Director

V.A.C. MEDIA LIMITED Registered Number 05512439

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment 25% on reducing balance
Fixtures, fittings & equipment 25% on cost

Intangible assets amortisation policy
Intangible fixed assets comprise of website development costs and purchased websites/domains.
These are shown in the financial statements at cost.
Intangible assets are amortised through the profit and loss account in equal instalments over the
estimated useful life of the asset.

2Intangible fixed assets

	£
Cost
At 1 November 2013	90,958
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	90,958
Amortisation
At 1 November 2013	68,480
Charge for the year	3,100
On disposals	-
At 31 October 2014	71,580
Net book values
At 31 October 2014	19,378
At 31 October 2013	22,478

3Tangible fixed assets

	£
Cost
At 1 November 2013	43,020
Additions	4,717
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	47,737
Depreciation
At 1 November 2013	39,007
Charge for the year	1,582
On disposals	-
At 31 October 2014	40,589
Net book values
At 31 October 2014	7,148
At 31 October 2013	4,013

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000