Abbreviated Company Accounts - VZAAR LIMITED

06176218 VZAAR LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 06176218 2014-01-01 2014-12-31 06176218 2014-12-31 06176218 2013-12-31 06176218 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06176218 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06176218

VZAAR LIMITED

Abbreviated Accounts

31 December 2014

VZAAR LIMITED Registered Number 06176218

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,340	4,680
		2,340	4,680
Current assets
Debtors		129,329	64,946
Cash at bank and in hand		121,836	68,062
		251,165	133,008
Net current assets (liabilities)		251,165	133,008
Total assets less current liabilities		253,505	137,688
Creditors: amounts falling due after more than one year		(146,947)	(124,682)
Total net assets (liabilities)		106,558	13,006
Capital and reserves
Called up share capital	3	52,200	52,200
Share premium account		3,972,612	3,972,612
Profit and loss account		(3,918,254)	(4,011,806)
Shareholders' funds		106,558	13,006

For the year ending 31 December 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 24 August 2015

And signed on their behalf by:
Mr G Cadwallader, Director

VZAAR LIMITED Registered Number 06176218

Notes to the Abbreviated Accounts for the period ended 31 December 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Furniture & Fittings - 20% straight line
Website Design & Development - 30% straight line
Equipment - 20% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2014	11,805
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	11,805
Depreciation
At 1 January 2014	7,125
Charge for the year	2,340
On disposals	-
At 31 December 2014	9,465
Net book values
At 31 December 2014	2,340
At 31 December 2013	4,680

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
52,200 Ordinary shares of £1 each	52,200	52,200