Young Velocity Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC481979 (Scotland)

Abbreviated Unaudited Accounts

for the Period

11 July 2014 to 31 July 2015

for

Young Velocity Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr G Young

REGISTERED OFFICE:

7 Berryhill Place

Skene

Westhill

AB32 6BG

REGISTERED NUMBER:

SC481979 (Scotland)

ACCOUNTANTS:

SJD Accountancy Scotland

First Floor

31 Palmerston Place

Edinburgh

EH12 5AP

CURRENT ASSETS

Debtors

150

Cash at bank

41,648

41,798

CREDITORS

Amounts falling due within one year

27,969

NET CURRENT ASSETS

13,829

TOTAL ASSETS LESS CURRENT LIABILITIES

13,829

CAPITAL AND RESERVES

Called up share capital

2

10

Profit and loss account

13,819

SHAREHOLDERS' FUNDS

13,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 19 November 2015 and were signed by:

Mr G Young - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES