Viamaster International Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04816258 (England and Wales)

VIAMASTER INTERNATIONAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A B Warrington

D K Warrington

M A Lunat

P D C Pedley

SECRETARY:

M A Lunat

REGISTERED OFFICE:

Europort Distribution Centre

Altofts Lane

Castleford

West Yorkshire

WF10 5PZ

REGISTERED NUMBER:

04816258 (England and Wales)

ACCOUNTANTS:

BPR Heaton

Chartered Accountants

27a Lidget Hill

Pudsey

Leeds

LS28 7LG

FIXED ASSETS

Tangible assets

2

65,751

90,649

CURRENT ASSETS

Debtors

1,164,392

979,822

Cash at bank

118,313

102,293

1,282,705

1,082,115

CREDITORS

Amounts falling due within one year

3

1,090,199

911,533

NET CURRENT ASSETS

192,506

170,582

TOTAL ASSETS LESS CURRENT
LIABILITIES

258,257

261,231

CREDITORS

Amounts falling due after more than one
year

3

(11,409

)

(27,171

)

PROVISIONS FOR LIABILITIES

-

(507

)

NET ASSETS

246,848

233,553

CAPITAL AND RESERVES

Called up share capital

4

50,000

Profit and loss account

196,848

183,553

SHAREHOLDERS' FUNDS

246,848

233,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 January 2017 and were signed on its
behalf by:

P D C Pedley - 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 the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Finance arrangements

The company utilises a factoring arrangement in respect of trade debtors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

158,539

Additions

5,710

Disposals

(21,446

)

At 30 September 2016

142,803

DEPRECIATION

At 1 October 2015

67,890

Charge for year

23,977

Eliminated on disposal

(14,815

)

At 30 September 2016

77,052

NET BOOK VALUE

At 30 September 2016

65,751

At 30 September 2015

90,649

3.

CREDITORS

Creditors include an amount of £ 27,168 (2015 - £ 42,930 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

25,000

Ordinary A

£1

25,000

6,250

Ordinary B

£1

6,250

18,750

Ordinary C

£1

18,750

50,000

Other than share transfer provisions, A Ordinary Shares, B Ordinary Shares and C Ordinary Shares

rank pari passu in all respects.

5.

CONTROL

Throughout the year the company was controlled by its directors.