Accounts Submission
Accounts Submission
VELO MARKETING LTD
Company Registration Number:
07191038
(England and Wales)
Unaudited statutory accounts for the year ended 31 March 2021
Period of accounts
Start date: 01 April 2020
End date: 31 March 2021
VELO MARKETING LTD
Contents of the Financial Statements
for the Period Ended 31 March 2021
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
VELO MARKETING LTD
Company Information
for the Period Ended 31 March 2021
Registered office: |
England |
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Company Registration Number: |
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VELO MARKETING LTD
Balance sheet
As at
Notes |
2021 £ |
2020 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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Accruals and deferred income: |
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( |
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Total net assets (liabilities): |
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The notes form part of these financial statements
VELO MARKETING LTD
Balance sheet continued
As at 31 March 2021
Notes |
2021 £ |
2020 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
VELO MARKETING LTD
Notes to the Financial Statements
for the Period Ended 31 March 2021
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and Machinery Useful life of 3 Years
Office Equipment and Furniture Useful life of 4 Years
VELO MARKETING LTD
Notes to the Financial Statements
for the Period Ended 31 March 2021
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2. Employees
2021
2020Average number of employees during the period 22 22
VELO MARKETING LTD
Notes to the Financial Statements
for the Period Ended 31 March 2021
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3. Off balance sheet disclosure
No
VELO MARKETING LTD
Notes to the Financial Statements
for the Period Ended 31 March 2021
4. Tangible assets
Plant & machinery | Office equipment | Total | |
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Cost | £ | £ | £ |
At 01 April 2020 |
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Additions |
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- |
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Disposals | - | - | - |
Revaluations | - | - | - |
Transfers | - | - | - |
At 31 March 2021 |
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Depreciation | |||
At 01 April 2020 |
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Charge for year |
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On disposals | - | - | - |
Other adjustments | - | - | - |
At 31 March 2021 |
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Net book value | |||
At 31 March 2021 |
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At 31 March 2020 |
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VELO MARKETING LTD
Notes to the Financial Statements
for the Period Ended 31 March 2021
5. Debtors
2021 £ |
2020 £ |
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Trade debtors |
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Other debtors |
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Total |
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VELO MARKETING LTD
Notes to the Financial Statements
for the Period Ended 31 March 2021
6.Creditors: amounts falling due within one year note
2021 £ |
2020 £ |
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Trade creditors |
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Total |
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