Victoria_Events_Ltd_30_Apr_2016_abbreviated_set_of_accounts.html
Victoria_Events_Ltd_30_Apr_2016_abbreviated_set_of_accounts.html
Company registration number:
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 2 |
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| Current assets | |||||
| Debtors | - |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 3 |
(
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) |
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| Net current (liabilities)/assets |
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| Total assets less current liabilities |
(
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) |
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| Creditors: amounts falling due after more than one year | 4 | - |
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| Net liabilities |
(
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) |
(
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| Capital and reserves | |||||
| Called up share capital | 5 |
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| Profit and loss account |
(
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| Shareholders deficit |
(
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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 were approved by the board of directors and authorised for issue on 31 January 2016 , and are signed on behalf of the board by:
| Director |
Company registration number: 8778542
Notes to the Abbreviated Accounts
Year ended 30 April 2016
1 Accounting policies
Basis of preparation
Going concern
These accounts have been prepared on the going concern basis, given the support provided by a loan from the director during this accounting period who has indicated that this support will continue for the foreseeable future.
Turnover
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 |
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 |
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| At |
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| Depreciation | ||
| At |
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| Charge |
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| At |
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| Net book value | ||
| At |
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| At 30 April 2015 |
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3 Creditors: amounts falling due within one year
4 Creditors: amounts falling due after more than one year
6 Directors advances, credit and guarantees
The sum owed to the Director at the Balance Sheet date amounted to £17,651 (£16,311 - 2015) and is reflected in Creditors above. It has been reclassified as being repayable in less than 12 months.