Abbreviated Company Accounts - SOMETHING VISUAL LIMITED

SOMETHING VISUAL LIMITED - Company Information

Registered Number 05979697

SOMETHING VISUAL LIMITED

Abbreviated Accounts

31 October 2016

SOMETHING VISUAL LIMITED Registered Number 05979697

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	3,750
Tangible assets	3	6,079	8,653
		6,079	12,403
Current assets
Debtors		16,157	10,175
Cash at bank and in hand		19,054	1,476
		35,211	11,651
Creditors: amounts falling due within one year		(30,103)	(30,068)
Net current assets (liabilities)		5,108	(18,417)
Total assets less current liabilities		11,187	(6,014)
Creditors: amounts falling due after more than one year		(1,533)	(1,533)
Total net assets (liabilities)		9,654	(7,547)
Capital and reserves
Called up share capital		2	2
Profit and loss account		9,652	(7,549)
Shareholders' funds		9,654	(7,547)

For the year ending 31 October 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 4 May 2017

And signed on their behalf by:
N West, Director

SOMETHING VISUAL LIMITED Registered Number 05979697

Notes to the Abbreviated Accounts for the period ended 31 October 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 January 2015

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation has been provided at the following rates in order to write of the assets over their estimated useful lives.
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Motor Vehicles 25% reducing balance
Equipment 25% reducing balance
Leasehold Property Over life of lease

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows:
Goodwill - Written down over ten years

2Intangible fixed assets

	£
Cost
At 1 November 2015	37,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	37,500
Amortisation
At 1 November 2015	33,750
Charge for the year	3,750
On disposals	-
At 31 October 2016	37,500
Net book values
At 31 October 2016	0
At 31 October 2015	3,750

3Tangible fixed assets

	£
Cost
At 1 November 2015	25,226
Additions	-
Disposals	(3,015)
Revaluations	-
Transfers	-
At 31 October 2016	22,211
Depreciation
At 1 November 2015	16,573
Charge for the year	2,574
On disposals	(3,015)
At 31 October 2016	16,132
Net book values
At 31 October 2016	6,079
At 31 October 2015	8,653