Vipuls Limited - Accounts to registrar - small 17.2
Vipuls Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2016 |
| for |
| Vipuls Limited |
| Trading as |
| Jay's News & Booze |
| Vipuls Limited (Registered number: 06404889) |
| Trading as Jay's News & Booze |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Vipuls Limited |
| Trading as Jay's News & Booze |
| Company Information |
| for the Year Ended 31 October 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Vipuls Limited (Registered number: 06404889) |
| Trading as Jay's News & Booze |
| Balance Sheet |
| 31 October 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank and in hand | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| Vipuls Limited (Registered number: 06404889) |
| Trading as Jay's News & Booze |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 2. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| AMORTISATION |
| At 1 November 2015 |
| Amortisation for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| Vipuls Limited (Registered number: 06404889) |
| Trading as Jay's News & Booze |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Leasehold | Fixtures |
| Property | and | Computer |
| Improvement | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 4. | STOCKS |
| 2016 | 2015 |
| £ | £ |
| Stocks |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Directors' loan accounts | 2,537 | 1,986 |
| Debtors & Prepayments |
| Rent Security |
| 6. | CASH AT BANK AND IN HAND |
| 2016 | 2015 |
| £ | £ |
| Bank account no. 1 |
| Cash in hand |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Payroll |
| Directors' loan accounts |
| Other Creditors & Accruals |
| Vipuls Limited (Registered number: 06404889) |
| Trading as Jay's News & Booze |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred tax | ( |
) |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2015 |
| Reduce Pr ovisions | ( |
) |
| Balance at 31 October 2016 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary Shares | £1 |
| 10. | OVERDRAWN DIRECTORS' LOAN ACCOUNTS |
| The overdrawn directors' loan account of £ 2,537 will be repaid to the company by 31 July 2017. |