Abbreviated Company Accounts - VILLAGE VENTURES LIMITED

VILLAGE VENTURES LIMITED - Company Information

04726614 VILLAGE VENTURES LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 04726614 2014-07-01 2015-06-30 04726614 2015-06-30 04726614 2014-06-30 04726614 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 04726614 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:Director3 2014-06-30 iso4217:GBP shares

Registered Number 04726614

VILLAGE VENTURES LIMITED

Abbreviated Accounts

30 June 2015

VILLAGE VENTURES LIMITED Registered Number 04726614

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	384,000	400,000
Tangible assets	3	43,546	43,434
		427,546	443,434
Current assets
Stocks		5,934	7,179
Debtors		23,378	22,717
Cash at bank and in hand		52,209	36,745
		81,521	66,641
Creditors: amounts falling due within one year		(72,479)	(74,539)
Net current assets (liabilities)		9,042	(7,898)
Total assets less current liabilities		436,588	435,536
Creditors: amounts falling due after more than one year		(2,873)	(56,359)
Total net assets (liabilities)		433,715	379,177
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		432,715	378,177
Shareholders' funds		433,715	379,177

For the year ending 30 June 2015 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 30 September 2015

And signed on their behalf by:
Mr A Thompson, Director

VILLAGE VENTURES LIMITED Registered Number 04726614

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 VAT.

Tangible assets depreciation policy
Fixtures and Fittings - 20% Reducing Balance

Intangible assets amortisation policy
Goodwill - £16000 per annum straight line over 25 years

2Intangible fixed assets

	£
Cost
At 1 July 2014	400,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	400,000
Amortisation
At 1 July 2014	0
Charge for the year	16,000
On disposals	-
At 30 June 2015	16,000
Net book values
At 30 June 2015	384,000
At 30 June 2014	400,000

3Tangible fixed assets

	£
Cost
At 1 July 2014	155,572
Additions	10,999
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	166,571
Depreciation
At 1 July 2014	112,138
Charge for the year	10,887
On disposals	-
At 30 June 2015	123,025
Net book values
At 30 June 2015	43,546
At 30 June 2014	43,434

4Transactions with directors

Name of director receiving advance or credit:	Thompson Family
Description of the transaction:	Director Investments
Balance at 1 July 2014:	£ 56,359
Advances or credits made:	-
Advances or credits repaid:	£ 53,486
Balance at 30 June 2015:	£ 2,873