Company Registration No. 07192106 (England and Wales)
Vesper Investments Limited
Unaudited accounts
for the year ended 31 March 2017
Vesper Investments Limited
Unaudited accounts
Contents
Vesper Investments Limited
Company Information
for the year ended 31 March 2017
Directors
S Basu
AM Rosenthal
Company Number
07192106 (England and Wales)
Registered Office
20 MARGARET STREET
LONDON
UK
W1W 8RS
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Vesper Investments Limited
Statement of financial position
as at 31 March 2017
Tangible assets
18,769
24,613
Cash at bank and in hand
25,615
42,540
Creditors: amounts falling due within one year
(10,989)
(33,570)
Net current assets
60,515
52,055
Total assets less current liabilities
79,284
76,668
Provisions for liabilities
Deferred tax
(2,166)
(2,702)
Called up share capital
101
1
Profit and loss account
77,017
73,965
Shareholders' funds
77,118
73,966
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 November 2017.
AM Rosenthal
Director
Company Registration No. 07192106
Vesper Investments Limited
Notes to the Accounts
for the year ended 31 March 2017
Vesper Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07192106. The registered office and principal place of business is 20 MARGARET STREET, LONDON, UK, W1W 8RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the life of the lease
Plant & machinery
33% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Vesper Investments Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2016
30,213
52,500
82,713
At 31 March 2017
30,213
54,281
84,494
At 1 April 2016
19,107
38,993
58,100
Charge for the year
3,173
4,452
7,625
At 31 March 2017
22,280
43,445
65,725
At 31 March 2017
7,933
10,836
18,769
At 31 March 2016
11,106
13,507
24,613
Other debtors
45,889
43,085
Amounts due after more than one year
22,419
22,419
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
5,415
18,874
7
Deferred taxation
2017
2016
Accelerated capital allowances
2,166
2,702
Provision at start of year
2,702
2,702
Credited to the profit and loss account
(536)
-
Provision at end of year
2,166
2,702
Vesper Investments Limited
Notes to the Accounts
for the year ended 31 March 2017
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
1
Shares issued during the period:
100 Ordinary shares of £1 each
100
9
Operating lease commitments
2017
2016
At 31 March 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
45,446
45,446
10
Transactions with related parties
Tech.Box Management Limited
A company in which Mr S Basu is a director. Tech.Box provided consultancy fees to the company to the value of £54,166 (2016: £51,000) during the year.
11
Average number of employees
During the year the average number of employees was 2 (2016: 2).
