Abbreviated Company Accounts - DAVID WALTERS VR & INNOVATION LIMITED

Abbreviated Company Accounts - DAVID WALTERS VR & INNOVATION LIMITED

DAVID WALTERS VR & INNOVATION LIMITED - Company Information

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Registered Number 03173268

DAVID WALTERS VR & INNOVATION LIMITED

Abbreviated Accounts

28 February 2016

DAVID WALTERS VR & INNOVATION LIMITED Registered Number 03173268

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 850,825 850,844
850,825 850,844
Current assets
Cash at bank and in hand 4,902 3,884
4,902 3,884
Creditors: amounts falling due within one year 3 (36,776) (30,237)
Net current assets (liabilities) (31,874) (26,353)
Total assets less current liabilities 818,951 824,491
Total net assets (liabilities) 818,951 824,491
Capital and reserves
Called up share capital 100 100
Revaluation reserve 850,000 850,000
Profit and loss account (31,149) (25,609)
Shareholders' funds 818,951 824,491
  • For the year ending 28 February 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 16 December 2016

And signed on their behalf by:
David Walters, Director

DAVID WALTERS VR & INNOVATION LIMITED Registered Number 03173268

Notes to the Abbreviated Accounts for the period ended 28 February 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 represents net invoiced sales of services including value added tax.

Tangible assets depreciation policy
Tangible fixed assets depreciation rates calculated to write off the valuation less residual of each asset over its expressed useful life, as follows plant and machinery (computer equipment) 33 1.3% of cost

2Tangible fixed assets
£
Cost
At 1 March 2015 870,880
Additions 394
Disposals -
Revaluations -
Transfers -
At 28 February 2016 871,274
Depreciation
At 1 March 2015 20,036
Charge for the year 413
On disposals -
At 28 February 2016 20,449
Net book values
At 28 February 2016 850,825
At 28 February 2015 850,844
3Creditors
2016
£		 2015
£
Secured Debts 36,876 30,237