Vertir Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC208542 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

VERTIR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTOR:

Trevor Stanley Rea

SECRETARY:

Raeburn Christie

REGISTERED OFFICE:

16 Albyn Place

Aberdeen

AB10 1PS

REGISTERED NUMBER:

SC208542 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

Bon Accord House

Riverside Drive

ABERDEEN

AB11 7SL

FIXED ASSETS

Tangible assets

2

17,467

16,479

Investments

3

1,025,698

352,305

1,043,165

368,784

CURRENT ASSETS

Debtors

1,188

-

Cash at bank

561,692

1,263,733

562,880

1,263,733

CREDITORS

Amounts falling due within one year

9,215

17,201

NET CURRENT ASSETS

553,665

1,246,532

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,596,830

1,615,316

PROVISIONS FOR LIABILITIES

3,451

3,254

NET ASSETS

1,593,379

1,612,062

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

1,593,378

1,612,061

SHAREHOLDERS' FUNDS

1,593,379

1,612,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 August 2017 and were signed by:

Trevor Stanley Rea - 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 services, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

39,541

Additions

9,731

At 30 November 2016

49,272

DEPRECIATION

At 1 December 2015

23,062

Charge for year

8,743

At 30 November 2016

31,805

NET BOOK VALUE

At 30 November 2016

17,467

At 30 November 2015

16,479

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 December 2015

352,305

Additions

911,250

Disposals

(237,857

)

At 30 November 2016

1,025,698

NET BOOK VALUE

At 30 November 2016

1,025,698

At 30 November 2015

352,305

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 November 2016 there were outstanding expenses of £1,538 (2015- £1,189) due to director Mr Rea from the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2016 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Acumen Accountants and Advisors Limited

Bon Accord House

Riverside Drive

ABERDEEN

AB11 7SL

25 August 2017