Verricom Systems Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04588515

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

VERRICOM SYSTEMS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

G N Verrier

S L Verrier

REGISTERED OFFICE:

2 Lake End Court

Taplow Road

Taplow

Maidenhead

Berkshire

SL6 0JQ

REGISTERED NUMBER:

04588515

ACCOUNTANTS:

Stiles & Company

2 Lake End Court

Taplow

Maidenhead

Berkshire

SL6 0JQ

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Verricom Systems Limited for the year ended 30 November 2013 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Verricom Systems Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Verricom Systems Limited and state those matters that we have agreed to state to the Board of Directors of Verricom

Systems Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Verricom Systems Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Verricom

Systems Limited. You consider that Verricom Systems Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Verricom Systems Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stiles & Company

2 Lake End Court

Taplow

Maidenhead

Berkshire

SL6 0JQ

Date: .............................................

FIXED ASSETS

Tangible assets

2

494

735

CURRENT ASSETS

Debtors

18,405

18,547

Cash at bank and in hand

17,830

21,626

36,235

40,173

CREDITORS

Amounts falling due within one year

32,392

35,279

NET CURRENT ASSETS

3,843

4,894

TOTAL ASSETS LESS CURRENT LIABILITIES

4,337

5,629

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

4,334

5,626

SHAREHOLDERS' FUNDS

4,337

5,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 July 2014 and were signed on its behalf by:

G N Verrier - 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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

6,891

Additions

42

At 30 November 2013

6,933

DEPRECIATION

At 1 December 2012

6,156

Charge for year

283

At 30 November 2013

6,439

NET BOOK VALUE

At 30 November 2013

494

At 30 November 2012

735

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

2

Ordinary "A" shares

£1.00

2

2

1

Ordinary "B" shares

£1.00

1

1

3

3