Vertir Limited - Accounts to registrar (filleted) - small 18.2
Vertir Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| FOR |
| VERTIR LIMITED |
| VERTIR LIMITED (REGISTERED NUMBER: SC208542) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Report of the Accountants | 6 |
| VERTIR LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 November 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bankhead Drive |
| City South Office Park |
| Portlethen |
| Aberdeenshire |
| AB12 4XX |
| VERTIR LIMITED (REGISTERED NUMBER: SC208542) |
| STATEMENT OF FINANCIAL POSITION |
| 30 November 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| VERTIR LIMITED (REGISTERED NUMBER: SC208542) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2017 |
| 1. | STATUTORY INFORMATION |
| Vertir Limited is a |
| registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance with FRS 102 |
| Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS |
| 102 Section 1A is 1 December 2015. |
| The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those |
| used previously. |
| The nature of these changes and their impact on opening equity and profit for the comparative period are explained in pages |
| 9 to 11. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The |
| effect of any change is accounted for prospectively. |
| Investments |
| Investments in shares are included at fair value. |
| Deferred taxation |
| Deferred tax is recognised in respect of all timing differences at the reporting date. Timing differences are differences |
| between taxable profits and total comprehensive income, arising from the inclusion of income and expenses in tax |
| assessments in period different from those in which they are recognised in the accounts. |
| Deferred tax relating to a non-depreciable asset that is measured using the revaluation model are measured using tax rates |
| and allowances that apply to the sale of the asset. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL. |
| VERTIR LIMITED (REGISTERED NUMBER: SC208542) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2016 |
| and 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| COST OR VALUATION |
| At 1 December 2016 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| Cost or valuation at 30 November 2017 is represented by: |
| Listed |
| investments |
| £ |
| Valuation in 2016 | 278,261 |
| Valuation in 2017 | 108,937 |
| Cost | 911,410 |
| 1,298,608 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| VERTIR LIMITED (REGISTERED NUMBER: SC208542) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2017 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax |
| Other timing differences | 75,103 | 56,321 |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2016 |
| Movement in year | 18,782 |
| Balance at 30 November 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 10. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 December 2016 | 1,818,770 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Revaluation | (88,239 | ) | 88,239 | - |
| At 30 November 2017 | 1,912,025 |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| At 30 November 2017 there were outstanding expenses of £208 (2016- £1,538) due to the director from the company. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| VERTIR LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
| VERTIR LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
| financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of |
| Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of |
| the Director are not required to be filed with the Registrar of Companies. |
| As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2017 set out on pages three to eleven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Bankhead Drive |
| City South Office Park |
| Portlethen |
| Aberdeenshire |
| AB12 4XX |