Abbreviated Company Accounts - V.I.P. CONFERENCING LIMITED

Abbreviated Company Accounts - V.I.P. CONFERENCING LIMITED

V.I.P. CONFERENCING LIMITED - Company Information

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Registered Number 03827543

V.I.P. CONFERENCING LIMITED

Abbreviated Accounts

28 February 2014

V.I.P. CONFERENCING LIMITED Registered Number 03827543

Abbreviated Balance Sheet as at 28 February 2014

Notes 28/02/2014 31/08/2012
£ £
Fixed assets
Tangible assets 2 - 11,019
- 11,019
Current assets
Debtors 149 771
Cash at bank and in hand 285 2,005
434 2,776
Creditors: amounts falling due within one year (1,589) (3,782)
Net current assets (liabilities) (1,155) (1,006)
Total assets less current liabilities (1,155) 10,013
Creditors: amounts falling due after more than one year - (9,811)
Provisions for liabilities - (74)
Total net assets (liabilities) (1,155) 128
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (1,157) 126
Shareholders' funds (1,155) 128
  • For the year ending 28 February 2014 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 29 November 2014

And signed on their behalf by:
J CURLE, Director

V.I.P. CONFERENCING LIMITED Registered Number 03827543

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

As the company ceased to trade on 28 February 2014, the financial statements have been prepared on the basis that the business is no longer a going concern. The company's fixed assets have been depreciated in full which, in the opinion of the directors, reflects their recoverable value. The financial statements reflect debtors at their recoverable amount and all remaining liabilities have been provided for in full.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of goods and services supplied by the company during the year.

Turnover is recognised to the extent that the company obtains the right to consideration as contract activity progresses.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 33% straight line
Motor vehicles - 25% straight line

Other accounting policies
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 net 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 constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets
£
Cost
At 1 September 2012 18,362
Additions -
Disposals (17,855)
Revaluations -
Transfers -
At 28 February 2014 507
Depreciation
At 1 September 2012 7,343
Charge for the year 5,795
On disposals (12,631)
At 28 February 2014 507
Net book values
At 28 February 2014 0
At 31 August 2012 11,019
3Called Up Share Capital
Allotted, called up and fully paid:
28/02/2014
£		 31/08/2012
£
2 Ordinary shares of £1 each 2 2