| The Virtual Miracle Co Ltd |
For the year ended 31 May 2016
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC342496
| Abbreviated Balance Sheet |
The Virtual Miracle Co Ltd
2016
2015
2
6,785
5,166
6,785
5,166
3
2,648
192
6,941
2,287
7,133
4,935
| Creditors: amounts falling due within one year |
(7,441)
(8,632)
(2,506)
(1,499)
Net current liabilities
| Total assets less current liabilities |
5,286
2,660
5,286
Net assets
2,660
50
50
5,236
2,610
5,286
2,660
Shareholders funds
| For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their 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. |
| Date approved by the board: 21 February 2017 |
| Mr Christopher William Lamb Director |
| Signed on behalf of the board of directors |
| Shirley Anne Lamb Director |
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| Notes to the Abbreviated Financial Statements |
The Virtual Miracle Co Ltd
For the year ended 31 May 2016
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
10,276
3,814
14,090
5,110
2,195
Charge for year
7,305
6,785
5,166
| Debtors include an amount of £192 (2015: £0) falling due after more than one year |
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