Accounts filed on 31-03-2016


089209262015-04-012016-03-31falsetruehttp://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/cd:Director12015-04-012016-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-04-012016-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-04-012016-03-31http://www.companieshouse.gov.uk/2014-04-012015-03-31http://www.companieshouse.gov.uk/2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/2016-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-04-012016-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08920926

Velone Ltd

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2016

Prepared By:
Victor Stewart

Velone Ltd

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08920926

Velone Ltd

Registered Number: 08920926
BALANCE SHEET AT 31/03/2016
20162015
Notes££
FIXED ASSETS
Tangible assets27761,034
CURRENT ASSETS
Stock180-
Cash at bank and in hand7,12613,249
7,30613,249
CREDITORS: Amounts falling due within one year8,8588,114
NET CURRENT (LIABILITIES) / ASSETS(1,552)5,135
TOTAL ASSETS LESS CURRENT LIABILITIES(776)6,169
CREDITORS: Amounts falling due after more than one year320,00020,000
NET LIABILITIES(20,776)(13,831)
CAPITAL AND RESERVES
Called up share capital4100100
Profit and loss account(20,876)(13,931)
SHAREHOLDERS' FUNDS(20,776)(13,831)
For the year ending 31/03/2016 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 24/10/2016 and signed on their behalf by
Daren Beazley
Director

Velone Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment %
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/20151,3791,379
At 31/03/20161,3791,379
Depreciation
At 01/04/2015345345
For the year258258
At 31/03/2016603603
Net Book Amounts
At 31/03/2016776776
At 31/03/20151,0341,034

Velone Ltd

3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20162015
££
Other creditors20,00020,000
20,00020,000
4. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100