Vantage Electrical Ltd Accounts
Vantage Electrical Ltd Accounts
Vantage Electrical Ltd ABBREVIATED ACCOUNTS COVER |
Company No. 08745990 | |||||||||
Vantage Electrical Ltd AUDIT REPORT UNQUALIFIED ABBREVIATED ACCOUNTS |
Independent Auditor's Report to the member of Vantage Electrical Ltd under section 449 of the Companies Act 2006 | |||||||||
We have examined the abbreviated accounts, which comprise the abbreviated balance sheet and the related notes, together with the accounts of Vantage Electrical Ltd for the year ended 31 October 2016 prepared under section 396 of the Companies Act 2006. | |||||||||
This report is made solely to the company's members, as a body, in accordance with section 449 of the Companies Act 2006. Our work has been undertaken so that we might state to the company's members those matters we are required to state to them in a special auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our work, for this report, or for the opinions we have formed. | |||||||||
Respective responsibilities of directors and auditors | |||||||||
The directors are responsible for the preparation of the abbreviated accounts in accordance with section 444 of the Companies Act 2006. It is our responsibility to form an independent opinion as to whether the company is entitled to deliver abbreviated accounts to the Registrar of Companies and whether the abbreviated accounts have been properly prepared in accordance with the regulations made under that section and to report our opinion to you. | |||||||||
We conducted our work in accordance with Bulletin 2008/4 issued by the Auditing Practices Board. In accordance with that Bulletin we have carried out the procedures we considered necessary to confirm, by reference to the full accounts, that the company is entitled to deliver abbreviated accounts and that the abbreviated accounts are properly prepared. | |||||||||
Opinion | |||||||||
In our opinion the company is entitled to deliver abbreviated accounts prepared in accordance with section 444 (3) of the Companies Act 2006 and the abbreviated accounts have been properly prepared in accordance with the regulations made under that section. | |||||||||
Senior Statutory Auditor | |||||||||
For and on behalf of Scriveners Accountancy Ltd | |||||||||
Statutory Auditor, Accountants | |||||||||
40 Wolsey Way | |||||||||
Chessington | |||||||||
Surrey | |||||||||
KT9 1XQ | |||||||||
19 July 2017 |
Vantage Electrical Ltd ABBREVIATED BALANCE SHEET |
at | |||||||
Company No. | Notes | 2016 | 2015 | ||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 2 | ||||||
Current assets | |||||||
Debtors | |||||||
Cash at bank and in hand | |||||||
Creditors: Amounts falling due within one year | ( | ( | |||||
Net current liabilities | ( | ( | |||||
Total assets less current liabilities | ( | ( | |||||
Net liabilities | ( | ( | |||||
Capital and reserves | |||||||
Share premium account | |||||||
Profit and loss account | ( | ( | |||||
Shareholder's funds | ( | ( | |||||
Approved by the board on 19 July 2017 | |||||||
And signed on its behalf by: | |||||||
N.J. Gawel | |||||||
Director | |||||||
19 July 2017 |
Vantage Electrical Ltd NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 October 2016 | ||||||||||||
1 | Accounting policies | |||||||||||
Basis of preparation | ||||||||||||
Turnover | ||||||||||||
Freehold investment property | ||||||||||||
This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. | ||||||||||||
Intangible fixed assets and amortisation | ||||||||||||
Stocks | ||||||||||||
Deferred taxation | ||||||||||||
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. | ||||||||||||
Research and development | ||||||||||||
Foreign currencies | ||||||||||||
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. | ||||||||||||
Leased assets | ||||||||||||
Pension costs | ||||||||||||
2 | Fixed assets | |||||||||||
Tangible fixed assets | Total | |||||||||||
£ | £ | |||||||||||
Cost or revaluation | ||||||||||||
At 1 November 2015 | 500 | |||||||||||
At 31 October 2016 | 500 | |||||||||||
Amortisation | ||||||||||||
At 1 November 2015 | 250 | |||||||||||
Charge for the year | 125 | |||||||||||
At 31 October 2016 | 375 | |||||||||||
Net book values | ||||||||||||
At 31 October 2016 | 125 | |||||||||||
At 31 October 2015 | 250 | |||||||||||