| Velvet Projects Foundation Ltd |
| Registered number: |
06573713 |
| Abbreviated Balance Sheet |
| as at 30 April 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Creditors: amounts falling due within one year |
|
|
(4,183) |
|
|
(3,793) |
|
| Net current liabilities |
|
|
|
(4,183) |
|
|
(3,793) |
|
| Net liabilities |
|
|
|
(4,183) |
|
|
(3,793) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
(4,183) |
|
|
(3,793) |
|
| Shareholder's funds |
|
|
|
(4,183) |
|
|
(3,793) |
|
|
|
|
|
|
|
|
| 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 her 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. |
|
|
|
| Mrs M Angove |
| Director |
| Approved by the board on 11 July 2014 |
|
| Velvet Projects Foundation Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 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 |
25% straight line |
|
|
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. |
