VECTA_ENVIRONMENTAL_SERVI - Accounts

VECTA ENVIRONMENTAL SERVICES LIMITED - Company Information

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Company Registration No. 09293519 (England and Wales)

VECTA ENVIRONMENTAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2015

VECTA ENVIRONMENTAL SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VECTA ENVIRONMENTAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

158,374

Current assets

Debtors

30,264

Cash at bank and in hand

9,812

40,076

Creditors: amounts falling due within one year

(120,286)

Net current liabilities

(80,210)

Total assets less current liabilities

78,164

Creditors: amounts falling due after more than one year

(72,819)

5,345

Capital and reserves

Called up share capital

100

Profit and loss account

5,245

Shareholders' funds

5,345

For the financial period ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 July 2016

F Cheroomi

Director

Company Registration No. 09293519

VECTA ENVIRONMENTAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Computer equipment

33.3% straight line

Motor vehicles

20% reducing balance

Fixed assets

Tangible assets

Cost

At 4 November 2014

Additions

177,661

At 30 November 2015

177,661

Depreciation

At 4 November 2014

Charge for the period

19,287

At 30 November 2015

19,287

Net book value

At 30 November 2015

158,374

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £107,466.

VECTA ENVIRONMENTAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

During the period 100 ordinary shares were issued at par for cash consideration.