Company Registration Number 03954284 (England and Wales)
VELOCITY DESIGN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
VELOCITY DESIGN LTD
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
£
£
£
£
Fixed assets
2,820
3,315
Current assets
65,481
74,254
Creditors: amounts falling due within one year
(65,761)
(73,350)
Net current (liabilities)/assets
(280)
904
Total assets less current liabilities
2,540
4,219
Net assets
2,540
4,219
Capital and reserves
2,540
4,219
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
The company has annual commitments under operating leases of £6,200.
2
Average employees
The average number of persons (including directors) employed by the company during the year was 7 (2017 - 6).
Velocity Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bank House, 66 High Street, Dawley, Telford, TF4 2HD.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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.
VELOCITY DESIGN LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2018
31 March 2018
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 December 2018 and are signed on its behalf by:
Mr. S L Jones
Mrs S Jones
Director
Director
Company Registration Number 03954284