VERTEX_ACCESS_GROUP_LIMIT - Accounts

VERTEX ACCESS GROUP LTD - Company Information

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Company Registration No. 07819042 (England and Wales)

VERTEX ACCESS GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2016

VERTEX ACCESS GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VERTEX ACCESS GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

16,755

Investments

380

17,135

Current assets

Debtors

2,942

100

Cash at bank and in hand

2,293

5,235

100

Creditors: amounts falling due within one year

(249,492)

Net current liabilities/(assets)

(244,257)

100

Total assets less current liabilities

(227,122)

100

Capital and reserves

Called up share capital

100

Profit and loss account

(227,184)

Shareholders' funds

(227,122)

100

For the financial Period ended 30 November 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 members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his 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 20 July 2017

Mr S P Martin

Director

Company Registration No. 07819042

VERTEX ACCESS GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 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).

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:

Plant and machinery

Reducing balance 20%

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Going Concern

The company continues to meet its day to day working capital requirements through the continued support of its subsidiary company.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 November 2015

Additions

21,398

380

21,778

At 30 November 2016

21,398

380

21,778

Depreciation

At 1 November 2015

Charge for the period

4,643

At 30 November 2016

4,643

Net book value

At 30 November 2016

16,755

380

17,135

VERTEX ACCESS GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

62 Ordinary Shares of £1 each

100

During the year the company purchased 38 of its own shares for £225,000.