Vee Tam Limited - Period Ending 2016-05-12

Registration number: 06903944

Vee Tam Limited

Unaudited Abbreviated Accounts

for the Year Ended 12 May 2016
 

Beginning 2 End Limited
Accountants
8c High Street
Southampton
Hampshire
SO14 2DH

Vee Tam Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Vee Tam Limited
(Registration number: 06903944)
Abbreviated Balance Sheet at 12 May 2016

		Note			2016 £			2015 £
Fixed assets
Investments					14,462			14,268
Current assets
Debtors					-			4,943
Cash at bank and in hand					385			993
					385			5,936
Creditors: Amounts falling due within one year					(10,710)			(12,148)
Net current liabilities					(10,325)			(6,212)
Net assets					4,137			8,056
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					4,136			8,055
Shareholders' funds					4,137			8,056

For the year ending 12 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 1 February 2017

.........................................
Mrs Virginia Tamba
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Vee Tam Limited
Notes to the Abbreviated Accounts for the Year Ended 12 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives

Asset class	Depreciation method and rate
Plant and Machinery	20% Reducing balance method

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 13 May 2015		1,127			14,268			15,395
Additions		-			194			194
At 12 May 2016		1,127			14,462			15,589
Depreciation
At 13 May 2015		1,127			-			1,127
At 12 May 2016		1,127			-			1,127
Net book value
At 12 May 2016		-			14,462			14,462
At 12 May 2015		-			14,268			14,268

Page 2

Vee Tam Limited
Notes to the Abbreviated Accounts for the Year Ended 12 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs Virginia Tamba
Advances to the director	(598)	-	4,943	4,943

Page 3