Abbreviated Company Accounts - VENTURBILITY LIMITED

VENTURBILITY LIMITED - Company Information

06757669 VENTURBILITY LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 06757669 2014-12-01 2015-11-30 06757669 2015-11-30 06757669 2014-11-30 06757669 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 06757669 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 06757669

VENTURBILITY LIMITED

Abbreviated Accounts

30 November 2015

VENTURBILITY LIMITED Registered Number 06757669

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	336,262	439,727
		336,262	439,727
Current assets
Debtors	3	152,094	187,066
Investments		3,525	3,525
Cash at bank and in hand		42,918	20,359
		198,537	210,950
Creditors: amounts falling due within one year		(285,132)	(291,455)
Net current assets (liabilities)		(86,595)	(80,505)
Total assets less current liabilities		249,667	359,222
Creditors: amounts falling due after more than one year		(262,832)	(394,064)
Total net assets (liabilities)		(13,165)	(34,842)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(13,166)	(34,843)
Shareholders' funds		(13,165)	(34,842)

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.

Approved by the Board on 31 August 2016

And signed on their behalf by:
H J Evans, Director

VENTURBILITY LIMITED Registered Number 06757669

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

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

The financial statements have been prepared on a going concern basis, dependent on the continued support of its shareholder.

Turnover policy
Turnover is derived from the principal activity of the company.

Tangible assets depreciation policy
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 - Depreciation is provided over the period of the lease agreement.

Other accounting policies
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors gross of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Investments
Current asset investments are stated at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 December 2014	525,948
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	525,948
Depreciation
At 1 December 2014	86,221
Charge for the year	103,465
On disposals	-
At 30 November 2015	189,686
Net book values
At 30 November 2015	336,262
At 30 November 2014	439,727

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	94,016	135,037

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1