Accounts filed on 30-11-2015

Accounts filed on 30-11-2015

VENTURE GLOBAL CARDS LIMITED - Company Information

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VENTURE GLOBAL CARDS LIMITED

Company Registration Number:
07432426 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 December 2014

End date: 30 November 2015

VENTURE GLOBAL CARDS LIMITED

Abbreviated Balance sheet

As at 30 November 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 151 202
Total fixed assets: 151 202
Current assets
Cash at bank and in hand: 91 189
Total current assets: 91 189
Creditors: amounts falling due within one year: ( 26,567 ) ( 26,971 )
Net current assets (liabilities): ( 26,476 ) ( 26,782 )
Total assets less current liabilities: ( 26,325 ) ( 26,580 )
Total net assets (liabilities): ( 26,325 ) ( 26,580 )

The notes form part of these financial statements

VENTURE GLOBAL CARDS LIMITED

Balance sheet continued

As at 30 November 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: ( 26,425 ) ( 26,680 )
Shareholders funds: ( 26,325 ) ( 26,580 )

For the year ending 30 November 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 18 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Joanne Spencer
Status: Director

The notes form part of these financial statements

VENTURE GLOBAL CARDS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The company is still dependant on the support of the directors and shareholders. The directors have indicated that they will not demand repayment of the loan during a period of at least 12 months from the date on which the directors approve the accounts and will continue to provide the company with financial support as required. There are a number of developing opportunities and the directors consider the business as a going concern.

    Turnover policy

    Turnover represents net invoice value of commission earned during the period.

    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. IT equipment 33.3% on cost and 25% on reducing balance.

VENTURE GLOBAL CARDS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 2. Tangible assets

    Total
    Cost £
    01 December 2014: 269
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 November 2015: 269
    Depreciation
    01 December 2014: 67
    Charge for year: 51
    On disposals: 0
    Other adjustments: 0
    30 November 2015: 118
    Net book value
    30 November 2015: 151
    30 November 2014: 202

VENTURE GLOBAL CARDS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 990 0.10 99
    Preference shares: 1 1.00 1
    Total share capital (£): 100
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 990 0.10 99
    Preference shares: 1 1.00 1
    Total share capital (£): 100