IVEC Vocational Educational Centre Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02413592 (England and Wales)

IVEC VOCATIONAL EDUCATIONAL

CENTRE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

O L Nagy

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

02413592 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

CURRENT ASSETS

Debtors

40

40

Cash at bank

46

114

86

154

CREDITORS

Amounts falling due within one year

11,595

13,571

NET CURRENT LIABILITIES

(11,509

)

(13,417

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,509

)

(13,417

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(11,609

)

(13,517

)

SHAREHOLDERS' FUNDS

(11,509

)

(13,417

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 December 2014 and were signed by:

O L Nagy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

3.	GOING CONCERN

At the balance sheet date the company had net liabilities of £11,509 (2013 - £13,417). Net liabilities include

amounts owing to the directors totalling £6,855 (2013 - £4,804).

With the ongoing support of the director the financial statements have therefore been prepared on a going

concern basis.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of IVEC Vocational Educational Centre Limited for the year ended 31 March 2014 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of IVEC Vocational Educational Centre Limited in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IVEC

Vocational Educational Centre Limited and state those matters that we have agreed to state to the director of IVEC

Vocational Educational Centre Limited in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and its director for our work or for this report.

It is your duty to ensure that IVEC Vocational Educational Centre Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

profit of IVEC Vocational Educational Centre Limited. You consider that IVEC Vocational Educational Centre Limited is

exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of IVEC Vocational

Educational Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

19 December 2014