VTSL Business Systems Limited - Period Ending 2017-02-28
VTSL Business Systems Limited - Period Ending 2017-02-28
Registration number:
VTSL Business Systems Limited
for the Year Ended 28 February 2017
Beaver House
23-38 Hythe Bridge Street
Oxford
OX1 2EP
VTSL Business Systems Limited
Contents
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Balance Sheet |
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Notes to the Financial Statements |
VTSL Business Systems Limited
(Registration number: 07566759)
Balance Sheet as at 28 February 2017
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2016 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr D Walton
Director
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Page 1 |
VTSL Business Systems Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
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General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities
Trade creditors are recognised initially at the transaction price.
Share capital
Ordinary shares are classified as equity.
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VTSL Business Systems Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
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Parent and ultimate parent undertaking |
The ultimate controlling party is
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Transition to FRS 102 |
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Page 3 |