Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

VEDDIS LIMITED - Company Information

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VEDDIS LIMITED

Company Registration Number:
07202537 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

VEDDIS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 75,674 97,982
Total fixed assets: 75,674 97,982
Current assets
Stocks: 0 0
Debtors: 258,262 178,721
Cash at bank and in hand: 38,797 26,280
Total current assets: 297,059 205,001
Creditors: amounts falling due within one year: ( 47,097 ) ( 3,247 )
Net current assets (liabilities): 249,962 201,754
Total assets less current liabilities: 325,636 299,736
Creditors: amounts falling due after more than one year: ( 267,055 ) ( 267,372 )
Provision for liabilities: 0 0
Total net assets (liabilities): 58,581 32,364

The notes form part of these financial statements

VEDDIS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 200 200
Revaluation reserve: 0 0
Profit and loss account: 58,381 32,164
Shareholders funds: 58,581 32,364

For the year ending 31 March 2016 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.

The financial statements were approved by the Board of Directors on 05 July 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Vikrant Bhargava
Status: Director

The notes form part of these financial statements

VEDDIS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and Fittings 25% straight line, Office Equipment 25% straight line, Motor Vehicle 15% straight line.

VEDDIS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 137,042
    Additions: 3,996
    Disposals: ( 1,699 )
    Revaluations: 0
    Transfers: 0
    31 March 2016: 139,339
    Depreciation
    01 April 2015: 39,060
    Charge for year: 25,490
    On disposals: ( 885 )
    Other adjustments: 0
    31 March 2016: 63,665
    Net book value
    31 March 2016: 75,674
    31 March 2015: 97,982

VEDDIS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 200 1.00 200
    Preference shares: 0
    Total share capital (£): 200
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 200 1.00 200
    Preference shares: 0
    Total share capital (£): 200