Abbreviated Company Accounts - VB BUILDING CONTRACTS LIMITED

VB BUILDING CONTRACTS LIMITED - Company Information

SC420729 VB BUILDING CONTRACTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true SC420729 2015-04-01 2016-03-31 SC420729 2016-03-31 SC420729 2015-03-31 SC420729 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC420729 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC420729

VB BUILDING CONTRACTS LIMITED

Abbreviated Accounts

31 March 2016

VB BUILDING CONTRACTS LIMITED Registered Number SC420729

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,195	7,744
		6,195	7,744
Current assets
Stocks		3,000	3,000
Cash at bank and in hand		5,509	1,623
		8,509	4,623
Creditors: amounts falling due within one year		(11,983)	(16,554)
Net current assets (liabilities)		(3,474)	(11,931)
Total assets less current liabilities		2,721	(4,187)
Total net assets (liabilities)		2,721	(4,187)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,720	(4,188)
Shareholders' funds		2,721	(4,187)

For the year ending 31 March 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 November 2016

And signed on their behalf by:
Karen Bell, Director

VB BUILDING CONTRACTS LIMITED Registered Number SC420729

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises of the invoiced value of the goods and services supplied by the company net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles – 20% Reducing Balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 April 2015	15,127
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	15,127
Depreciation
At 1 April 2015	7,383
Charge for the year	1,549
On disposals	-
At 31 March 2016	8,932
Net book values
At 31 March 2016	6,195
At 31 March 2015	7,744

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1