Abbreviated Company Accounts - VOLKER - GRUPPE LIMITED

Abbreviated Company Accounts - VOLKER - GRUPPE LIMITED

VOLKER - GRUPPE LIMITED - Company Information

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Registered Number NI627429

VOLKER - GRUPPE LIMITED

Abbreviated Accounts

31 December 2015

VOLKER - GRUPPE LIMITED Registered Number NI627429

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015
£
Fixed assets
Tangible assets 2 34,346
34,346
Current assets
Debtors 118,117
Cash at bank and in hand 46,140
164,257
Creditors: amounts falling due within one year (147,863)
Net current assets (liabilities) 16,394
Total assets less current liabilities 50,740
Creditors: amounts falling due after more than one year (25,940)
Total net assets (liabilities) 24,800
Capital and reserves
Called up share capital 3 1
Profit and loss account 24,799
Shareholders' funds 24,800
  • For the year ending 31 December 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 5 July 2016

And signed on their behalf by:
Mr P Linnig, Director

VOLKER - GRUPPE LIMITED Registered Number NI627429

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Motor Vehicles - 25% Reducing balance
Equipment - 20% Straight line

Other accounting policies
Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
Additions 36,033
Disposals -
Revaluations -
Transfers -
At 31 December 2015 36,033
Depreciation
Charge for the year 1,687
On disposals -
At 31 December 2015 1,687
Net book values
At 31 December 2015 34,346
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
1 Ordinary shares of £1 each 1