VAT Services (Scotland) Ltd. - Limited company - abbreviated

REGISTERED NUMBER: SC313889 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

VAT Services (Scotland) Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

G Moore

SECRETARY:

Mrs A Moore

REGISTERED OFFICE:

Citywall House, 2nd Floor

32 Eastwood Avenue

Glasgow

G41 2NS

REGISTERED NUMBER:

SC313889 (Scotland)

ACCOUNTANTS:

Taxman Solutions

42 Hayston Road

Cumbernauld

Lanarkshire

G68 0BS

FIXED ASSETS

Tangible assets

2

482

1,137

CURRENT ASSETS

Stocks

-

787

Debtors

55,966

47,794

Cash at bank

56,935

26,786

112,901

75,367

CREDITORS

Amounts falling due within one year

70,388

54,904

NET CURRENT ASSETS

42,513

20,463

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,995

21,600

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

42,895

21,500

SHAREHOLDERS' FUNDS

42,995

21,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 February 2016 and were signed by:

G Moore - 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 from the provision of specialist VAT advice, 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the

extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the

foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

9,702

DEPRECIATION

At 1 February 2015

8,565

Charge for year

655

At 31 January 2016

9,220

NET BOOK VALUE

At 31 January 2016

482

At 31 January 2015

1,137

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

100

Ordinary

£1

100

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

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

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2016 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.