Abbreviated Company Accounts - VALUE CONSERVATORIES LIMITED

VALUE CONSERVATORIES LIMITED - Company Information

02988539 VALUE CONSERVATORIES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02988539 2015-01-01 2015-12-31 02988539 2015-12-31 02988539 2014-12-31 02988539 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02988539 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02988539

VALUE CONSERVATORIES LIMITED

Abbreviated Accounts

31 December 2015

VALUE CONSERVATORIES LIMITED Registered Number 02988539

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,426	3,988
		3,426	3,988
Current assets
Stocks		1,800	1,800
Debtors		203,546	166,003
		205,346	167,803
Creditors: amounts falling due within one year		(272,467)	(239,425)
Net current assets (liabilities)		(67,121)	(71,622)
Total assets less current liabilities		(63,695)	(67,634)
Total net assets (liabilities)		(63,695)	(67,634)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(64,695)	(68,634)
Shareholders' funds		(63,695)	(67,634)

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 30 September 2016

And signed on their behalf by:
M J Hardy, Director

VALUE CONSERVATORIES LIMITED Registered Number 02988539

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 January 2015.

Turnover policy
Turnover represents the invoiced value of sales excluding VAT. The turnover is attributable to the company's continuing main activities.

Valuation information and policy
Stock and work in progress:
Stock and work in progress is stated at the lower of cost and net realizable value as follows|:
Cost includes expenses incurred in bringing each product to its present location and condition as follows:
Raw Materials : Purchase cost on a first-in, first-out basis.
Work in progress and finished goods : cost of direct materials and labour plus attributable overheads based on a normal level of activity.
Net realizable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Other accounting policies
Controlling parties:
The director and company secretary are jointly the company's ultimate controlling parties.

2Tangible fixed assets

	£
Cost
At 1 January 2015	152,900
Additions	1,486
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	154,386
Depreciation
At 1 January 2015	148,912
Charge for the year	2,048
On disposals	-
At 31 December 2015	150,960
Net book values
At 31 December 2015	3,426
At 31 December 2014	3,988

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

Authorized : 10,000 ordinary shares of £1 each.