Verduco Limited - Accounts

Registered number

08038187

Verduco Limited

Report and Accounts

30 April 2015

Verduco Limited
Registered number:		08038187
Director's Report

The director presents his report and accounts for the year ended 30 April 2015.

Principal activities
The company's principal activity during the year continued to be the provision of business services and business and financial consultancy.

Directors
The following persons served as directors during the year:

	Andrew Gilfillan

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 29 January 2016 and signed on its behalf.





Andrew Gilfillan
Director

Verduco Limited
Profit and Loss Account
for the year ended 30 April 2015


Notes		2015		2014
£			£

Turnover		2,285,328		526,520

Cost of sales		(2,193,220)		(484,165)

Gross profit		92,108		42,355

Administrative expenses		(36,784)		(34,656)

Operating profit		55,324		7,699

Interest payable & similar charges	2	(7,229)		(1,380)

Profit on ordinary activities before taxation		48,095		6,319

Tax on profit on ordinary activities	3	(9,619)		(1,264)

Profit for the financial year		38,476		5,055

Verduco Limited
Balance Sheet
as at 30 April 2015

Notes			2015			2014
£				£
Current assets
Debtors	4	(416,875)			39,057
Cash at bank and in hand		675,780			25,495
		258,905			64,552

Creditors: amounts falling due within one year	5	(236,446)			(40,569)

Net current assets			22,459			23,983

Net assets			22,459			23,983

Capital and reserves
Called up share capital	6		10,000			10,000
Profit and loss account	7		12,459			13,983

Shareholder's funds			22,459			23,983

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 member has 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.




Andrew Gilfillan
Director
Approved by the board on 29 January 2016

Verduco Limited
Notes to the Accounts
for the year ended 30 April 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.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Interest payable & similar charges					2015		2014
£							£

	Loss on foreign exchange					7,229		1,380


3	Taxation					2015		2014
£							£

	UK corporation tax					9,619		1,264


4	Debtors					2015		2014
£							£

	Trade debtors					(417,040)		38,682
	Other debtors					165		375
						(416,875)		39,057


5	Creditors: amounts falling due within one year					2015		2014
£							£

	Bank loans and overdrafts					-		2
	Trade creditors					225,732		36,910
	Corporation tax					9,618		3,496
	Other taxes and social security costs					1,096		161
						236,446		40,569


6	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		10,000		10,000		10,000


7	Profit and loss account					2015
£

	At 1 May 2014					13,983
	Profit for the year					38,476
	Dividends					(40,000)

	At 30 April 2015					12,459


8	Dividends					2015		2014
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					40,000		-