Abbreviated Company Accounts - VIRTUALLY EVERYTHING LIMITED

Abbreviated Company Accounts - VIRTUALLY EVERYTHING LIMITED

VIRTUALLY EVERYTHING LIMITED - Company Information

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Registered Number 03965600

VIRTUALLY EVERYTHING LIMITED

Abbreviated Accounts

30 March 2014

VIRTUALLY EVERYTHING LIMITED Registered Number 03965600

Abbreviated Balance Sheet as at 30 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,879 2,186
1,879 2,186
Current assets
Stocks 500 500
Debtors 511 -
Cash at bank and in hand 10 1,198
1,021 1,698
Creditors: amounts falling due within one year (4,881) (3,366)
Net current assets (liabilities) (3,860) (1,668)
Total assets less current liabilities (1,981) 518
Total net assets (liabilities) (1,981) 518
Capital and reserves
Called up share capital 999 999
Profit and loss account (2,980) (481)
Shareholders' funds (1,981) 518
  • For the year ending 30 March 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 16 December 2014

And signed on their behalf by:
MRS J HAMILTON, Director

VIRTUALLY EVERYTHING LIMITED Registered Number 03965600

Notes to the Abbreviated Accounts for the period ended 30 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value , excluding value added tax ,of sales made during the year.

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 25% reducing balance

2Tangible fixed assets
£
Cost
At 31 March 2013 6,249
Additions 319
Disposals -
Revaluations -
Transfers -
At 30 March 2014 6,568
Depreciation
At 31 March 2013 4,063
Charge for the year 626
On disposals -
At 30 March 2014 4,689
Net book values
At 30 March 2014 1,879
At 30 March 2013 2,186