Vertigo IT Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06489527 (England and Wales)

Unaudited Financial Statements

for the Period

1 February 2016 to 31 March 2017

for

Vertigo IT Management Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Buckfield

REGISTERED OFFICE:

93 Bohemia Road

St Leonards On Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

06489527 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

4

1,930

2,786

CURRENT ASSETS

Debtors

5

3,783

1,500

Cash at bank

16,853

10,378

20,636

11,878

CREDITORS

Amounts falling due within one year

6

15,381

14,520

NET CURRENT ASSETS/(LIABILITIES)

5,255

(2,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,185

144

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

7,085

44

SHAREHOLDERS' FUNDS

7,185

144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 December 2017 and were signed by:

Mr M Buckfield - Director

1.	STATUTORY INFORMATION

Vertigo IT Management Limited is a private company, limited by shares , registered in England 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 February 2016

3,443

3,123

6,566

Additions

-

1,156

1,156

At 31 March 2017

3,443

4,279

7,722

Depreciation

At 1 February 2016

2,576

1,204

3,780

Charge for period

253

1,759

2,012

At 31 March 2017

2,829

2,963

5,792

Net book value

At 31 March 2017

614

1,316

1,930

At 31 January 2016

867

1,919

2,786

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

1,500

Directors' current accounts

2,855

-

Tax

928

-

3,783

1,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

(1

)

1,318

Tax

11,540

7,584

VAT

2,402

3,750

Directors' current accounts

-

548

Accruals and deferred income

1,440

1,320

15,381

14,520

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 February 2016

44

Profit for the period

41,941

Dividends

(34,900

)

At 31 March 2017

7,085

9.	FIRST YEAR ADOPTION OF FRS 102

The company has adopted FRS 102 section 1A from 1st February 2016.

The transition to FRS 102 has not affected the reporting of the financial position and performance of the

company during the current or previous year.