Violet_Hill_Consultancy_L - Accounts
Violet_Hill_Consultancy_L - Accounts
Unaudited Abbreviated Accounts
For the year ended 31 July 2016
Company Registration No. 07712243 (England and Wales)
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Abbreviated Balance Sheet
As at 31 July 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(24,971 )
(25,720 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Approved by the Board for issue on 27 January 2017
Director
Company Registration No. 07712243
Notes to the Abbreviated Accounts
For the year ended 31 July 2016
Page 2
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Computer equipment
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
969
Additions
1,449
At 31 July 2016
2,418
Depreciation
At 1 August 2015
560
Charge for the year
465
At 31 July 2016
1,025
Net book value
At 31 July 2016
1,393
At 31 July 2015
409
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 July 2016
Page 3
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4
Transactions with directors
Included within other creditors is a balance of £18,815 (2015: £22,739) due to Tarun Ramadorai, director. No interest has been charged on this amount, there are no fixed repayment terms in place.
5
Control
Tarun Ramadorai is considered to be the ultimate controlling party by virtue of owning 85% of the company's issued share capital.