VG International Trading Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07263717 (England and Wales)

Abbreviated Accounts For The Year Ended 31 May 2016

for

VG INTERNATIONAL TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Soyan

REGISTERED OFFICE:

Unit 10

Royal Shopping Centre

299 High Street

Langley

Slough

Berkshire

SL1 1BD

REGISTERED NUMBER:

07263717 (England and Wales)

ACCOUNTANTS:

Vectris Chartered Accountants

Shakespeare House

168 Lavender Hill

Battersea

London

SW11 5TG

FIXED ASSETS

Intangible assets

2

-

162

Tangible assets

3

448

597

448

759

CURRENT ASSETS

Stocks

20,000

-

Debtors

5,911

14,226

Cash at bank

8,249

20,694

34,160

34,920

CREDITORS

Amounts falling due within one
year

56,753

34,511

NET CURRENT (LIABILITIES)/ASSETS

(22,593

)

409

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,145

)

1,168

PROVISIONS FOR LIABILITIES

90

152

NET (LIABILITIES)/ASSETS

(22,235

)

1,016

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(23,235

)

16

SHAREHOLDERS' FUNDS

(22,235

)

1,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 November 2016 and
were signed by:

G Soyan - 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 goods, 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

325

AMORTISATION

At 1 June 2015

163

Amortisation for year

162

At 31 May 2016

325

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

162

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

1,744

DEPRECIATION

At 1 June 2015

1,147

Charge for year

149

At 31 May 2016

1,296

NET BOOK VALUE

At 31 May 2016

448

At 31 May 2015

597

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

£

1,000

Ordinary

1

1,000