VANTAGE_FINANCIAL_SERVICE - Accounts

VANTAGE FINANCIAL SERVICES LIMITED - Company Information

Print Friendly Version

Company Registration No. 05685498 (England and Wales)

VANTAGE FINANCIAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

VANTAGE FINANCIAL SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VANTAGE FINANCIAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

125

147

Current assets

Debtors

61,743

20,826

Cash at bank and in hand

385

61,788

21,211

Creditors: amounts falling due within one year

(25,608)

(17,472)

Net current assets

36,180

3,739

Total assets less current liabilities

36,305

3,886

Creditors: amounts falling due after more than one year

(2,233)

(4)

34,072

3,882

Capital and reserves

Called up share capital

Profit and loss account

34,070

3,880

Shareholder's funds

34,072

3,882

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her 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 29 March 2017

Miss G W M Conniffe

Director

Company Registration No. 05685498

VANTAGE FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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 January 2015).

The director is of the opinion that she intends to assist and meet the company's day to day working capital requirements when necessary and offers her continued support. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.

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.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment

15% on reducing balance

Computer equipment

33% on cost

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

7,795

Depreciation

At 1 July 2015

7,648

Charge for the year

At 30 June 2016

7,670

Net book value

At 30 June 2016

125

At 30 June 2015

147

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounts to £9,076 (2011 - £14,281).

VANTAGE FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each