Violet_Hill_Consultancy_L - Accounts

VIOLET HILL CONSULTANCY LTD - Company Information

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Violet Hill Consultancy Limited

Unaudited Abbreviated Accounts

For the year ended 31 July 2015

Company Registration No. 07712243 (England and Wales)

Violet Hill Consultancy Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VIOLET HILL CONSULTANCY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

Page 1

2015

2014

Notes

Fixed assets

Tangible assets

409

546

Current assets

Debtors

9,278

Cash at bank and in hand

19,624

35,935

28,902

35,935

Creditors: amounts falling due within one year

(25,720)

(22,150)

Net current assets

3,182

13,785

Total assets less current liabilities

3,591

14,331

Capital and reserves

Called up share capital

100

Profit and loss account

3,491

14,231

Shareholders' funds

3,591

14,331

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 19 January 2016

Tarun Ramadorai

Director

Company Registration No. 07712243

Violet Hill Consultancy Limited

Notes to the Abbreviated Accounts

For the year ended 31 July 2015

Page 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 services provided net of VAT .for services provided net of VAT.

1.4

Tangible fixed assets and depreciation

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:

Computer equipment

25% reducing balance

1.5

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.

Fixed assets

Tangible assets

Cost

At 1 August 2014 & at 31 July 2015

969

Depreciation

At 1 August 2014

423

Charge for the year

137

At 31 July 2015

560

Net book value

At 31 July 2015

409

At 31 July 2014

546

Violet Hill Consultancy Limited

Notes to the Abbreviated Accounts (Continued)

For the year ended 31 July 2015

Page 3

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Transactions with directors

Included within other creditors is a balance of £22,739 (2014: £12,841) due to Tarun Ramadorai, director. No interest has been charged on this amount, there are no fixed repayment terms in place.

Control

Tarun Ramadorai is considered to be the ultimate controlling party by virtue of owning 85% of the company's issued share capital.