Abbreviated Company Accounts - VICTOR FM LTD.

Registered Number SC402238

VICTOR FM LTD.

Abbreviated Accounts

31 May 2016

VICTOR FM LTD. Registered Number SC402238

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	5,000	6,000
Tangible assets	3	932	1,061
		5,932	7,061
Current assets
Debtors		33,856	-
Cash at bank and in hand		4,615	9,853
		38,471	9,853
Creditors: amounts falling due within one year		(113,882)	(49,800)
Net current assets (liabilities)		(75,411)	(39,947)
Total assets less current liabilities		(69,479)	(32,886)
Creditors: amounts falling due after more than one year		(3,683)	(12,720)
Total net assets (liabilities)		(73,162)	(45,606)
Capital and reserves
Called up share capital		10,000	10,000
Profit and loss account		(83,162)	(55,606)
Shareholders' funds		(73,162)	(45,606)

For the year ending 31 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 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.

Approved by the Board on 17 February 2017

And signed on their behalf by:
Andrew Mackie, Director

VICTOR FM LTD. Registered Number SC402238

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

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

Plant and machinery 15% straight line
Motor vehicles 15% straight line
Equipment 10% straight line
Fixtures & Fittings 10% straight line

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 June 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	10,000
Amortisation
At 1 June 2015	4,000
Charge for the year	1,000
On disposals	-
At 31 May 2016	5,000
Net book values
At 31 May 2016	5,000
At 31 May 2015	6,000

3Tangible fixed assets

	£
Cost
At 1 June 2015	1,290
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	1,290
Depreciation
At 1 June 2015	229
Charge for the year	129
On disposals	-
At 31 May 2016	358
Net book values
At 31 May 2016	932
At 31 May 2015	1,061