Veritas_Assessment__Training_Solutions_Limited_31_Mar_2016_abbreviated_set_of_accounts.html

VERITAS ASSESSMENT AND TRAINING SOLUTIONS LIMITED - Company Information

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Company registration number:

08922897

Veritas Assessment & Training Solutions Limited

Abbreviated Financial Statements

for the year ended

31 March 2016

Veritas Assessment & Training Solutions Limited

Abbreviated Balance Sheet

31 March 2016

		2016		2015
	Note	£		£
Fixed assets
Tangible assets	2	2,632		1,887
Current assets
Debtors		3,588		5,671
Cash at bank and in hand		-		11,237
		3,588		16,908
Creditors: amounts falling due within one year	3	(5,360	)	(10,914	)
Net current (liabilities)/assets		(1,772	)	5,994
Total assets less current liabilities		860		7,881
Capital and reserves
Called up share capital	4	100		100
Profit and loss account		760		7,781
Shareholders funds		860		7,881

For the year ending

31 March 2016

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These abbreviated financial statements were approved by the board of directors and authorised for issue on

30 December 2016

, and are signed on behalf of the board by:

Mr. Darren Milner

Director

Company registration number:

08922897

Veritas Assessment & Training Solutions Limited

Notes to the Abbreviated Accounts

Year ended

31 March 2016

1 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	25% reducing balance
Office equipment	25% reducing balance
Motor vehicles	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

2 Tangible assets


	£
Cost
At 1 April 2015	2,180
Additions	1,442
At 31 March 2016	3,622
Depreciation
At 1 April 2015	293
Charge	697
At 31 March 2016	990
Net book value
At 31 March 2016	2,632
At 31 March 2015	1,887

3 Creditors: amounts falling due within one year

4 Called up share capital

Allotted, called up and fully paid

	2016				2015
	No.		£		No.		£
Ordinary shares shares of £ 1.00 each	100		100		100		100