VIDEO FACTOR LIMITED (THE) - Abbreviated accounts 16.1

REGISTERED NUMBER: 01433670 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

VIDEO FACTOR LIMITED (THE)

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R K Holland

REGISTERED OFFICE:

Truscon House

11 Station Road

Gerrards Cross

Buckinghamhshire

SL9 8ES

REGISTERED NUMBER:

01433670 (England and Wales)

ACCOUNTANTS:

Amersham Accountancy

King George V Lodge

King George V Road

Amersham

Buckinghamshire

HP6 5FB

FIXED ASSETS

Tangible assets

2

31,666

43,031

CURRENT ASSETS

Stocks

3,000

15,606

Debtors

18,022

29,786

Cash at bank and in hand

300

7,239

21,322

52,631

CREDITORS

Amounts falling due within one year

54,143

78,658

NET CURRENT LIABILITIES

(32,821

)

(26,027

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,155

)

17,004

CREDITORS

Amounts falling due after more than one year

9,375

16,875

NET (LIABILITIES)/ASSETS

(10,530

)

129

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(10,630

)

29

SHAREHOLDERS' FUNDS

(10,530

)

129

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 November 2016 and were signed by:

R K Holland - 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 and 15% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

95,817

DEPRECIATION

At 1 April 2015

52,786

Charge for year

11,365

At 31 March 2016

64,151

NET BOOK VALUE

At 31 March 2016

31,666

At 31 March 2015

43,031

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Share capital 1

£1

100