Abbreviated Company Accounts - VANE HOUSE LIMITED

VANE HOUSE LIMITED - Company Information

Registered Number 06445534

VANE HOUSE LIMITED

Abbreviated Accounts

31 May 2015

VANE HOUSE LIMITED Registered Number 06445534

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,756	1,817
		1,756	1,817
Current assets
Debtors		26,394	1,201
Cash at bank and in hand		70,016	75,299
		96,410	76,500
Creditors: amounts falling due within one year		(26,825)	(19,796)
Net current assets (liabilities)		69,585	56,704
Total assets less current liabilities		71,341	58,521
Total net assets (liabilities)		71,341	58,521
Capital and reserves
Called up share capital		2	2
Profit and loss account		71,339	58,519
Shareholders' funds		71,341	58,521

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 February 2016

And signed on their behalf by:
P A Bruce, Director

VANE HOUSE LIMITED Registered Number 06445534

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Equipment, fixtures and fittings 33.3% on cost

Other accounting policies
The company operates a defined contribution pension scheme, amounts payable to the scheme are fully funded and charged against profits in the profit & loss account.

2Tangible fixed assets

	£
Cost
At 1 June 2014	13,045
Additions	2,485
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	15,530
Depreciation
At 1 June 2014	11,228
Charge for the year	2,546
On disposals	-
At 31 May 2015	13,774
Net book values
At 31 May 2015	1,756
At 31 May 2014	1,817