Company Registration No. 03625975 (England and Wales)
VANTAGE FACILITIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
VANTAGE FACILITIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
VANTAGE FACILITIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
43,248
57,964
Current assets
Debtors
113,317
93,432
Cash at bank and in hand
7
7
113,324
93,439
Creditors: amounts falling due within one year
(122,708)
(98,262)
Net current liabilities
(9,384)
(4,823)
Total assets less current liabilities
33,864
53,141
Creditors: amounts falling due after more than one year
(13,656)
(28,945)
Provisions for liabilities
(8,600)
(11,500)
11,608
12,696
Capital and reserves
Called up share capital
3
111
111
Profit and loss account
11,497
12,585
Shareholders' funds
11,608
12,696
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 June 2017
H Williams
Director
Company Registration No. 03625975
VANTAGE FACILITIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property imps.
Plant and machinery
20% reducing balance basis
Fixtures, fittings & equipment
20% reducing balance basis
Motor vehicles
25% reducing balance basis
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
148,028
Depreciation
At 1 October 2015
90,064
Charge for the year
14,716
At 30 September 2016
104,780
Net book value
At 30 September 2016
43,248
At 30 September 2015
57,964
VANTAGE FACILITIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100
10 ordinary B of £1 each
10
10
1 ordinary C of £1 each
1
1
111
111