VIM_GROUP_BRAND_IMPLEMENT - Accounts

VIM GROUP BRAND IMPLEMENTATION LTD - Company Information

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Company Registration No. 08353631 (England and Wales)

VIM GROUP BRAND IMPLEMENTATION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

VIM GROUP BRAND IMPLEMENTATION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VIM GROUP BRAND IMPLEMENTATION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

2,044

34,543

Debtors

359,761

110,513

Cash at bank and in hand

637,393

174,263

999,198

319,319

Creditors: amounts falling due within one year

(864,945)

(323,881)

Total assets less current liabilities

134,253

(4,562)

Capital and reserves

Called up share capital

Profit and loss account

134,252

(4,563)

Shareholders' funds

134,253

(4,562)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2015

Mr M A J Cloosterman

Mr R Kroeze

Director

Company Registration No. 08353631

VIM GROUP BRAND IMPLEMENTATION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each

During the year 1 ordinary share of £1 was allotted and fully paid at par for cash consideration.

Ultimate parent company

The ultimate controlling party is Idego BV who hold 100% of the share capital. Idego BV is a company incorporated in the Netherlands.