pinacle - Company Accounts (iXBRL 6.0.16)

V FORCE NE LTD

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2017

Company Registration Number - 09211916

KP SIMPSON

Certified Public Accountants

	1.
V FORCE NE LTD
COMPANY NUMBER - 09211916
Balance sheet as at 30 September 2017

			2017		2016

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		5,184		6,912
Current assets
Debtors	5	34,456		26,583
Cash at bank and in hand		3,774		-
		38,230		26,583
Current liabilities
Creditors - Amounts
falling due within one year	6	39,485		26,968
NET CURRENT LIABILITIES			(1,255)		(385)
Total assets less current liabilities			3,929		6,527
Creditors - Amounts falling
due after more than one year	6	2,943		5,143
Provisions for liabilities
Deferred taxation	7	985		1,383
			(3,928)		(6,526)
Net assets			1		1

	2.
V FORCE NE LTD
COMPANY NUMBER - 09211916
Balance sheet as at 30 September 2017

			2017		2016
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	8		1		1
Shareholders' funds			1		1

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 September 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on28 June 2018
and signed on their behalf by:
STUART MILBURN
The notes on pages 3 to 5 form an integral part of these accounts.

	3.
V FORCE NE LTD
Notes to the Financial Statements
For the year ended 30 September 2017
1. General Information

V FORCE NE LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 09211916.

The company's registered office is MARTHAS VINEYARD, PRINCE CONSORT ROAD, HEBBURN, ENGLAND NE31 1BE.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 11.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles - 25% reducing balance

Office and computer equipment - 25% reducing balance

3. Employees

The average number of persons employed by the company (including directors) during the year was 5 (2016 - ).

	4.
V FORCE NE LTD
Notes to the Financial Statements
For the year ended 30 September 2017

4. Fixed assets - tangible

	Plant and
	Machinery
	etc.
Fair value	£
At 01 October 2016	8,439
and 30 September 2017
Depreciation
At 01 October 2016	1,526
Charge for year	1,729
At 30 September 2017	3,255
Net book values
At 30 September 2017	5,184
At 01 October 2016	6,913

	2017		2016
	£		£
5. Debtors
Due within one year:
Trade debtors	18,684		8,674
Other debtors	15,772		17,909
	34,456		26,583

Included in other debtors is an overdrawn current account in respect of STUART MILBURN. The liability under the loan at the beginning and end of the year respectively was £10456 and £2306. The maximum amount of the loan outstanding during the year was £2306.

6. Creditors

Amounts falling due within one year:

Bank overdraft	-		134
Trade creditors	2,627		7,057
Taxation and social security	36,708		19,627
Other creditors	150		150
	39,485		26,968
Amounts falling due after one year:
Hire purchase liabilities	2,943		5,143

	5.
V FORCE NE LTD
Notes to the Financial Statements
For the year ended 30 September 2017

	2017		2016
	£		£
7. Deferred taxation
At 01 October 2016	1,383		1,383
(Credited) charged to profit and loss account	(398)		763
At 30 September 2017	985		2,146
8. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary A	1		1

9. Related party transactions

10. Control

STUART MILBURN, a director, controls the company by virtue of a majority shareholding.

11. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.