| VISION FIBRE MEDIA LIMITED |
| Registered number: |
08003317 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
263,838 |
|
|
98,958 |
|
| Current assets |
| Stocks |
|
|
5,717 |
|
|
- |
| Debtors |
|
|
98,185 |
|
|
35,097 |
| Cash at bank and in hand |
|
|
27,335 |
|
|
6,253 |
|
|
|
131,237 |
|
|
41,350 |
|
| Creditors: amounts falling due within one year |
|
|
(74,027) |
|
|
(192,528) |
|
| Net current assets/(liabilities) |
|
|
|
57,210 |
|
|
(151,178) |
|
| Total assets less current liabilities |
|
|
|
321,048 |
|
|
(52,220) |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(401,970) |
|
|
- |
|
|
|
| Net liabilities |
|
|
|
(80,922) |
|
|
(52,220) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
600 |
|
|
100 |
| Profit and loss account |
|
|
|
(81,522) |
|
|
(52,320) |
|
| Shareholders' funds |
|
|
|
(80,922) |
|
|
(52,220) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| I Ratcliffe |
| Director |
| Approved by the board on 31 August 2015 |
|
| VISION FIBRE MEDIA LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery - Broadband installation |
10% straight line |
|
Plant and machinery - Tenant installation |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
99,873 |
|
Additions |
183,471 |
|
At 31 March 2015 |
283,344 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
915 |
|
Charge for the year |
18,591 |
|
At 31 March 2015 |
19,506 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
263,838 |
|
At 31 March 2014 |
98,958 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
90 |
|
90 |
|
100 |
|
B Ordinary shares |
£1 each |
|
10 |
|
10 |
|
- |
|
|
|
|
|
|
100 |
|
100 |
|
Preference shares |
£0.001 each |
|
500 |
|
500 |
|
- |
|
|
|
|
|
|
600 |
|
100 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Preference shares |
£0.001 each |
|
500,000 |
|
500 |
|
|
|
|
|
|
|
