Vantage Corporate Consulting Limited - Period Ending 2016-05-31

Registration number: 03383952

Vantage Corporate Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Vantage Corporate Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Vantage Corporate Consulting Limited
(Registration number: 03383952)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,080			2,160
Current assets
Debtors					127,183			94,765
Cash at bank and in hand					3,948			1,787
					131,131			96,552
Creditors: Amounts falling due within one year					(92,892)			(78,673)
Net current assets					38,239			17,879
Net assets					39,319			20,039
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					39,318			20,038
Shareholders' funds					39,319			20,039

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 director acknowledges his 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 27 February 2017

.........................................
Mr R Rothschild
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Vantage Corporate Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 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, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% on cost
Office equipment	25% 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Vantage Corporate Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		17,126			17,126
At 31 May 2016		17,126			17,126
Depreciation
At 1 June 2015		14,966			14,966
Charge for the year		1,080			1,080
At 31 May 2016		16,046			16,046
Net book value
At 31 May 2016		1,080			1,080
At 31 May 2015		2,160			2,160

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £0.01 each		2			0.02			2			0.02

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