Verduco Limited - Accounts

Registered number

08038187

Verduco Limited

Report and Accounts

30 April 2016

Verduco Limited
Registered number:		08038187
Director's Report

The director presents his report and accounts for the year ended 30 April 2016.

Principal activities
The company's principal activity during the year continued to be the provision of business services and business and financial consultancy.

Directors
The following persons served as directors during the year:

	Andrew Gilfillan

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 31 January 2017 and signed on its behalf.





Andrew Gilfillan
Director

Verduco Limited
Profit and Loss Account
for the year ended 30 April 2016


Notes		2016		2015
£			£

Turnover		5,197,207		2,285,328

Cost of sales		(5,074,043)		(2,193,220)

Gross profit		123,164		92,108

Administrative expenses		(50,203)		(36,784)

Operating profit		72,961		55,324

Interest receivable and other income	2	8,948		-
Interest payable and similar charges	3	-		(7,229)

Profit on ordinary activities before taxation		81,909		48,095

Tax on profit on ordinary activities	4	(16,382)		(9,619)

Profit for the financial year		65,527		38,476

Verduco Limited
Balance Sheet
as at 30 April 2016

Notes			2016			2015
£				£
Current assets
Debtors	5	1,113,285			165
Cash at bank and in hand		618,272			675,780
		1,731,557			675,945

Creditors: amounts falling due within one year	6	(1,691,071)			(653,486)

Net current assets			40,486			22,459

Net assets			40,486			22,459

Capital and reserves
Called up share capital	7		10,000			10,000
Profit and loss account	8		30,486			12,459

Shareholder's funds			40,486			22,459

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Andrew Gilfillan
Director
Approved by the board on 31 January 2017

Verduco Limited
Notes to the Accounts
for the year ended 30 April 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Interest receivable and other income					2016		2015
£							£

	Gain on foreign exchange					8,948		-


3	Interest payable and similar charges					2016		2015
£							£

	Loss on foreign exchange					-		7,229


4	Taxation					2016		2015
£							£

	UK corporation tax					16,382		9,619


5	Debtors					2016		2015
£							£

	Trade debtors					1,111,278		-
	Other debtors					2,007		165
						1,113,285		165


6	Creditors: amounts falling due within one year					2016		2015
£							£

	Trade creditors					1,674,689		642,772
	Corporation tax					16,382		9,618
	Other taxes and social security costs					-		1,096
						1,691,071		653,486


7	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		10,000		10,000		10,000


8	Profit and loss account					2016
£

	At 1 May 2015					12,459
	Profit for the year					65,527
	Dividends					(47,500)

	At 30 April 2016					30,486


9	Dividends					2016		2015
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					47,500		40,000