Registered Number 03909684
VITA NUOVA HOLDINGS LIMITED
Abbreviated Accounts
28 February 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
Investments | 4 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 5 |
|
|
Share premium account |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The company is exempt from the requirement to produce consolidated financial statements by virtue of Section 398 of the Companies Act 2006. These financial statements present information about the company as an individual undertaking, and not about its group.
Turnover policy
Revenue is recognised on dispatch in the case of packaged operating system products, or in proportion to the work
done in the case of technical services, consulting and training.
Tangible assets depreciation policy
over their estimated useful economic lives as follows:
Office Equipment: 5 years ( 20% per annum)
Intangible assets amortisation policy
Licences purchased by the company are amortised to nil by equal annual instalments over 5 years.
Valuation information and policy
net assets acquired) arising on business combinations in respect of acquisitions is capitalised. Positive goodwill is
amortised to nil by equal annual instalments over its estimated useful life.
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the
balance sheet date and the gains and losses on translation are included in the profit and loss account.
Other accounting policies
for taxation and accounting purposes which have arisen but not reversed by the balance sheet date.
Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a
binding agreement to sell the assets and recognised the gains and losses expected to arise on sale or where assets
have been sold and it is expected that the taxable gain will be rolled over into a replacement asset.
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 28 February 2016 |
|
Amortisation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
|
At 28 February 2016 |
|
Net book values | |
At 28 February 2016 | 0 |
At 28 February 2015 | 0 |
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 28 February 2016 |
|
Depreciation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
|
At 28 February 2016 |
|
Net book values | |
At 28 February 2016 | 0 |
At 28 February 2015 | 302 |
4
Fixed assets Investments