Vert Projects Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02935435 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

VERT PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Field

M J Waite

C Field

SECRETARY:

M J Waite

REGISTERED OFFICE:

Unit 16, Mulberry Court

Bourne Industrial Park

Bourne Road

Dartford

Kent

DA1 4BF

REGISTERED NUMBER:

02935435 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

2

349,405

337,535

CURRENT ASSETS

Stocks

-

1,004,938

Debtors

60,214

24,754

Cash at bank

1,025,869

614,851

1,086,083

1,644,543

CREDITORS

Amounts falling due within one year

(201,397

)

(986,802

)

NET CURRENT ASSETS

884,686

657,741

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,091

995,276

CREDITORS

Amounts falling due after more than one
year

(13,644

)

-

NET ASSETS

1,220,447

995,276

CAPITAL AND RESERVES

Called up share capital

3

101

Profit and loss account

1,220,346

995,175

SHAREHOLDERS' FUNDS

1,220,447

995,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 July 2017 and were signed on its behalf by:

M J Waite - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

405,584

Additions

24,880

At 31 October 2016

430,464

DEPRECIATION

At 1 November 2015

68,049

Charge for year

13,010

At 31 October 2016

81,059

NET BOOK VALUE

At 31 October 2016

349,405

At 31 October 2015

337,535

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary A

£1

100

1

Ordinary B

£1

1

101