Venture Publishing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03430650 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

VENTURE PUBLISHING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K T McLachlan

Mrs A A McLachlan

SECRETARY:

South West Registrars Limited

REGISTERED OFFICE:

124 High Street

Midsomer Norton

Radstock

BA3 2DA

REGISTERED NUMBER:

03430650 (England and Wales)

ACCOUNTANTS:

Pethericks & Gillard Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

BA3 2DA

FIXED ASSETS

Tangible assets

2

3,065

407

CURRENT ASSETS

Debtors

21,139

44,229

Cash at bank

22,047

78,618

43,186

122,847

CREDITORS

Amounts falling due within one year

18,406

60,044

NET CURRENT ASSETS

24,780

62,803

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,845

63,210

PROVISIONS FOR LIABILITIES

544

-

NET ASSETS

27,301

63,210

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

27,201

63,110

SHAREHOLDERS' FUNDS

27,301

63,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 September 2016 and were signed on its behalf
by:

K T McLachlan - Director

Mrs A A McLachlan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of telemarketing publishing services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

17,961

Additions

3,862

Disposals

(10,200

)

At 31 December 2015

11,623

DEPRECIATION

At 1 January 2015

17,554

Charge for year

1,022

Eliminated on disposal

(10,018

)

At 31 December 2015

8,558

NET BOOK VALUE

At 31 December 2015

3,065

At 31 December 2014

407

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100