| Volkspeed Engineering Limited |
| Registered number: |
05044202 |
| Abbreviated Balance Sheet |
| as at 31 October 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
70,000 |
|
|
80,000 |
| Tangible assets |
3 |
|
|
1,675 |
|
|
918 |
|
|
|
|
71,675 |
|
|
80,918 |
|
| Current assets |
| Debtors |
|
|
76,672 |
|
|
58,631 |
| Cash at bank and in hand |
|
|
24,609 |
|
|
35,844 |
|
|
|
101,281 |
|
|
94,475 |
|
| Creditors: amounts falling due within one year |
|
|
(75,259) |
|
|
(72,590) |
|
| Net current assets |
|
|
|
26,022 |
|
|
21,885 |
|
| Net assets |
|
|
|
97,697 |
|
|
102,803 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
|
|
|
100,000 |
|
|
100,000 |
| Profit and loss account |
|
|
|
(3,303) |
|
|
1,803 |
|
| Shareholders' funds |
|
|
|
97,697 |
|
|
102,803 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| C J Taylor |
| Director |
| Approved by the board on 20 June 2014 |
|
| Volkspeed Engineering Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2013 |
|
| 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 April 2008). |
|
|
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 |
20% straight line |
|
Motor vehicles |
20% straight line |
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2012 |
100,000 |
|
At 31 October 2013 |
100,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2012 |
20,000 |
|
Provided during the year |
10,000 |
|
At 31 October 2013 |
30,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2013 |
70,000 |
|
At 31 October 2012 |
80,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2012 |
15,306 |
|
Additions |
1,233 |
|
At 31 October 2013 |
16,539 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2012 |
14,388 |
|
Charge for the year |
476 |
|
At 31 October 2013 |
14,864 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2013 |
1,675 |
|
At 31 October 2012 |
918 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
