Voilex Limited - Abbreviated accounts

Voilex Limited - Abbreviated accounts


Registered number
06069459
Voilex Limited
Abbreviated Accounts
29 February 2016
Voilex Limited
Registered number: 06069459
Abbreviated Balance Sheet
as at 29 February 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 638 852
Current assets
Cash at bank and in hand 170 157
Creditors: amounts falling due within one year (2,413) (1,486)
Net current liabilities (2,243) (1,329)
Net liabilities (1,605) (477)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (1,607) (479)
Shareholders' funds (1,605) (477)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr J W Neville
Director
Approved by the board on 24 September 2016
Voilex Limited
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% of reducing balance
0 0
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 March 2015 5,547
At 29 February 2016 5,547
Depreciation
At 1 March 2015 4,695
Charge for the year 214
At 29 February 2016 4,909
Net book value
At 29 February 2016 638
At 28 February 2015 852
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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