Abbreviated Company Accounts - VENTURBILITY LIMITED

VENTURBILITY LIMITED - Company Information

06757669 VENTURBILITY LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 06757669 2015-12-01 2016-11-30 06757669 2016-11-30 06757669 2015-11-30 06757669 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 06757669 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 06757669

VENTURBILITY LIMITED

Abbreviated Accounts

30 November 2016

VENTURBILITY LIMITED Registered Number 06757669

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	232,797	336,262
		232,797	336,262
Current assets
Debtors	3	153,819	152,094
Investments		3,525	3,525
Cash at bank and in hand		18,999	42,918
		176,343	198,537
Creditors: amounts falling due within one year		(263,336)	(285,132)
Net current assets (liabilities)		(86,993)	(86,595)
Total assets less current liabilities		145,804	249,667
Creditors: amounts falling due after more than one year		(154,644)	(262,832)
Total net assets (liabilities)		(8,840)	(13,165)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(8,841)	(13,166)
Shareholders' funds		(8,840)	(13,165)

For the year ending 30 November 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 21 August 2017

And signed on their behalf by:
H J Evans, Director

VENTURBILITY LIMITED Registered Number 06757669

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis, dependent on the continued support of its shareholder.

Turnover policy
Turnover is derived from the principal activity of the company.

Tangible assets depreciation policy
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 - Deprecation is provided over the period of the lease agreement.

Other accounting policies
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors gross of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Investments
Current asset investments are stated at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 December 2015	525,948
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	525,948
Depreciation
At 1 December 2015	189,686
Charge for the year	103,465
On disposals	-
At 30 November 2016	293,151
Net book values
At 30 November 2016	232,797
At 30 November 2015	336,262

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	52,995	94,016

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1