VERVE_HARPENDEN_LTD - Accounts

VERVE HARPENDEN LIMITED - Company Information

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Company Registration No. 08774618 (England and Wales)

VERVE HARPENDEN LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

VERVE HARPENDEN LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VERVE HARPENDEN LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2014

Notes

Current assets

Stocks

1,774,595

Debtors

133,319

177,100

Cash at bank and in hand

58,271

13,243

191,590

1,964,938

Creditors: amounts falling due within one year

(283,356)

(1,965,180)

Total assets less current liabilities

(91,766)

(242)

Capital and reserves

Called up share capital

Profit and loss account

(91,796)

(272)

Shareholders' funds

(91,766)

(242)

For the financial 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:

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 directors acknowledge 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 February 2017

Mr J R Britnell

Director

Company Registration No. 08774618

VERVE HARPENDEN LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis even though the balance sheet shows an insolvent position. The directors believe that this basis is appropriate as they believe that the Company will be able to settle its debts as they fall due.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £1,565,428).

Share capital

2016

2014

Allotted, called up and fully paid

30 ordinary shares of £1 each