Vikas Vedi Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07140628 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 February 2015 to 5 April 2016

for

Vikas Vedi Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

V Vedi

Dr U Vedi

REGISTERED OFFICE:

Normanby Gateway

Lysaghts Way

Scunthorpe

North Lincolnshire

DN15 9YG

REGISTERED NUMBER:

07140628 (England and Wales)

ACCOUNTANTS:

Sharpe Medical Accounting Ltd

Suite 8C, Normanby Gateway

Lysaghts Way

Scunthorpe

North Lincolnshire

DN15 9YG

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

76,115

2,003

Investments

4

209,943

239,883

286,058

241,886

CURRENT ASSETS

Debtors

722,669

118,740

Cash at bank

147,024

288,972

869,693

407,712

CREDITORS

Amounts falling due within one year

246,816

100,958

NET CURRENT ASSETS

622,877

306,754

TOTAL ASSETS LESS CURRENT
LIABILITIES

908,935

548,640

CREDITORS

Amounts falling due after more than one
year

33,764

-

NET ASSETS

875,171

548,640

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

875,071

548,540

SHAREHOLDERS' FUNDS

875,171

548,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 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 26 January 2017 and were signed on its behalf by:

V Vedi - 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 consultancy and surgical fees accrued during the accounting period.

Turnover from medico legal report writing activity is recognised within the accounts excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The investment portfolio is recognised at cost with gains and losses shown in the Profit and Loss Account when

the gains/losses are realised.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 5 April 2016

113,000

AMORTISATION

At 1 February 2015

and 5 April 2016

113,000

NET BOOK VALUE

At 5 April 2016

-

At 31 January 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

3,382

Additions

76,362

At 5 April 2016

79,744

DEPRECIATION

At 1 February 2015

1,379

Charge for period

2,250

At 5 April 2016

3,629

NET BOOK VALUE

At 5 April 2016

76,115

At 31 January 2015

2,003

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2015

239,883

Additions

232,420

Disposals

(261,425

)

Share of profit/(loss)

(935

)

At 5 April 2016

209,943

NET BOOK VALUE

At 5 April 2016

209,943

At 31 January 2015

239,883

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.16

31.1.15

value:

£

100

Ordinary

1

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 5 April 2016 and the year

ended 31 January 2015:

5.4.16

31.1.15

£

V Vedi and Dr U Vedi

Balance outstanding at start of period

24,641

-

Amounts advanced

565,390

175,712

Amounts repaid

(105,204

)

(151,071

)

Balance outstanding at end of period

484,827

24,641

The company charged interest on the directors' loan at 3%..