Viasit International Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07007890 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

VIASIT INTERNATIONAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Stanton

T Schmeer

REGISTERED OFFICE:

113 Smug Oak Business Centre

Lye Lane

Bricket Wood

St Albans

Hertfordshire

AL2 3UG

REGISTERED NUMBER:

07007890 (England and Wales)

ACCOUNTANTS:

Pearson & Co

Chartered Accountants

The Mansion

BRE

Bucknalls Lane

Watford

Hertfordshire

WD25 9XX

FIXED ASSETS

Tangible assets

2

477

339

CURRENT ASSETS

Stocks

9,155

20,186

Debtors

180,499

100,829

Cash at bank

19,728

25,661

209,382

146,676

CREDITORS

Amounts falling due within one year

695,290

542,437

NET CURRENT LIABILITIES

(485,908

)

(395,761

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(485,431

)

(395,422

)

CAPITAL AND RESERVES

Called up share capital

3

100,000

Profit and loss account

(585,431

)

(495,422

)

SHAREHOLDERS' FUNDS

(485,431

)

(395,422

)

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 directors acknowledge their 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 Board of Directors on 23 December 2016 and were signed on its
behalf by:

A J Stanton - 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 the cost less estimated residual value of each asset over its estimated useful life.

40% on reducing balance method

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

1,675

Additions

456

At 31 March 2016

2,131

DEPRECIATION

At 1 April 2015

1,336

Charge for year

318

At 31 March 2016

1,654

NET BOOK VALUE

At 31 March 2016

477

At 31 March 2015

339

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

100,000

4.	ULTIMATE PARENT COMPANY

In the opinion of the directors the ultimate holding company is considered to be Viasit Burositzmobel

GmbH, a company incorporated in Germany.