JVP Computer Consultants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03385713 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

JVP Computer Consultants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J V Price

REGISTERED OFFICE:

Apartment 2

Gainsborough House

5 Raglan Road

Sale

Cheshire

M33 4AN

REGISTERED NUMBER:

03385713 (England and Wales)

ACCOUNTANTS:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

FIXED ASSETS

Tangible assets

2

686

558

Investment property

3

120,000

90,000

120,686

90,558

CURRENT ASSETS

Cash at bank

3,382

2,691

CREDITORS

Amounts falling due within one year

10,419

12,362

NET CURRENT LIABILITIES

(7,037

)

(9,671

)

TOTAL ASSETS LESS CURRENT LIABILITIES

113,649

80,887

CAPITAL AND RESERVES

Called up share capital

4

50

50

Revaluation reserve

46,203

16,203

Profit and loss account

67,396

64,634

SHAREHOLDERS' FUNDS

113,649

80,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 3 September 2015 and were signed by:

J V Price - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents rents receivable for the year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is not depreciated but is periodically revalued to its open market value in accordance with

the Financial Reporting Standard for Smaller Entities ( effective April 2008 ) with any surplus or deficit being

transferred to a revaluation reserve in the first instance. This treatment constitutes an override of the

Companies Act requirement to depreciate fixed assets and is considered necessary in order to give a true and

fair view as the investment property is held for its investment potential.

Deferred tax

The company provides for deferred taxation in respect of all unreversed timing differences arising between

accounting and taxable profits. No provision is made for taxation on permanent differences or on revaluation

of investment properties, except where there is a binding contract for the sale at the year end and the asset has

been revalued to selling price.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

3,578

Additions

359

At 30 June 2015

3,937

DEPRECIATION

At 1 July 2014

3,020

Charge for year

231

At 30 June 2015

3,251

NET BOOK VALUE

At 30 June 2015

686

At 30 June 2014

558

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2014

90,000

Revaluations

30,000

At 30 June 2015

120,000

NET BOOK VALUE

At 30 June 2015

120,000

At 30 June 2014

90,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50

Ordinary

£1

50

50

5.	DEFERRED TAX

No provision for deferred taxation is necessary. No deferred taxation has been provided in respect of the

surplus on the revaluation of the investment property. If the revalued assets were to be sold at their revalued

amounts a tax liability of £1,900 (2014: £nil) would have arisen.