Abbreviated Company Accounts - VIRGILI LIMITED

05716178 VIRGILI LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 05716178 2014-03-01 2015-02-28 05716178 2015-02-28 05716178 2014-02-28 05716178 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 05716178 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 05716178

VIRGILI LIMITED

Abbreviated Accounts

28 February 2015

VIRGILI LIMITED Registered Number 05716178

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,077	1,346
		1,077	1,346
Current assets
Cash at bank and in hand		12,878	4,930
		12,878	4,930
Creditors: amounts falling due within one year		(14,490)	(7,108)
Net current assets (liabilities)		(1,612)	(2,178)
Total assets less current liabilities		(535)	(832)
Total net assets (liabilities)		(535)	(832)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(635)	(932)
Shareholders' funds		(535)	(832)

For the year ending 28 February 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 12 November 2015

And signed on their behalf by:
C Bernardi, Director

VIRGILI LIMITED Registered Number 05716178

Notes to the Abbreviated Accounts for the period ended 28 February 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
Turnover represents amounts receivable for services.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 20% reducing balance

Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 March 2014	1,682
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	1,682
Depreciation
At 1 March 2014	336
Charge for the year	269
On disposals	-
At 28 February 2015	605
Net book values
At 28 February 2015	1,077
At 28 February 2014	1,346

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100