Vanguard Group (South West) Limited - Accounts to registrar (filleted) - small 17.3
Vanguard Group (South West) Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
28 FEBRUARY 2017 |
FOR |
VANGUARD GROUP (SOUTH WEST) LIMITED |
VANGUARD GROUP (SOUTH WEST) LIMITED (REGISTERED NUMBER: 01801208) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 28 February 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
VANGUARD GROUP (SOUTH WEST) LIMITED |
COMPANY INFORMATION |
for the year ended 28 February 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Swatton Barn |
Badbury |
Swindon |
Wiltshire |
SN4 0EU |
VANGUARD GROUP (SOUTH WEST) LIMITED (REGISTERED NUMBER: 01801208) |
BALANCE SHEET |
28 February 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 |
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. |
VANGUARD GROUP (SOUTH WEST) LIMITED (REGISTERED NUMBER: 01801208) |
BALANCE SHEET - continued |
28 February 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
VANGUARD GROUP (SOUTH WEST) LIMITED (REGISTERED NUMBER: 01801208) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 28 February 2017 |
1. | STATUTORY INFORMATION |
Vanguard Group (South West) Limited is a |
and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is included at fair value. Gains are recognised in the income statement. Deferred |
taxation is provided on these gains at the rate expected to apply when the property is sold. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
VANGUARD GROUP (SOUTH WEST) LIMITED (REGISTERED NUMBER: 01801208) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 28 February 2017 |
3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2016 |
Additions |
Disposals | ( |
) |
At 28 February 2017 |
DEPRECIATION |
At 1 March 2016 | 23,018 |
Eliminated on disposal | (23,018 | ) |
At 28 February 2017 | - |
NET BOOK VALUE |
At 28 February 2017 |
At 29 February 2016 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans | - | 7,574 |
VANGUARD GROUP (SOUTH WEST) LIMITED (REGISTERED NUMBER: 01801208) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 28 February 2017 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2016 |
Profit for the year |
At 28 February 2017 |
9. | CONTINGENT LIABILITIES |
The company has a corporation tax liability of £49,473 relating to the sale of a property, which has |
not been recognised in these financial statements due to rollover relief being claimed on potential |
re-investment. |