Abbreviated Company Accounts - VELOCITY BAITS LTD

Abbreviated Company Accounts - VELOCITY BAITS LTD

VELOCITY BAITS LTD - Company Information

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Registered Number 08005456

VELOCITY BAITS LTD

Abbreviated Accounts

31 March 2014

VELOCITY BAITS LTD Registered Number 08005456

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 68,772 36,397
68,772 36,397
Current assets
Stocks 93,022 24,950
Debtors 20,968 6,643
Cash at bank and in hand 15,782 2,947
129,772 34,540
Creditors: amounts falling due within one year (24,314) (22,472)
Net current assets (liabilities) 105,458 12,068
Total assets less current liabilities 174,230 48,465
Creditors: amounts falling due after more than one year (85,061) (50,969)
Total net assets (liabilities) 89,169 (2,504)
Capital and reserves
Called up share capital 100 10
Share premium account 170,655 20,680
Profit and loss account (81,586) (23,194)
Shareholders' funds 89,169 (2,504)
  • For the year ending 31 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 31 December 2014

And signed on their behalf by:
Andrew Harwood, Director

VELOCITY BAITS LTD Registered Number 08005456

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 April 2013 39,347
Additions 41,104
Disposals -
Revaluations -
Transfers -
At 31 March 2014 80,451
Depreciation
At 1 April 2013 2,950
Charge for the year 8,729
On disposals -
At 31 March 2014 11,679
Net book values
At 31 March 2014 68,772
At 31 March 2013 36,397