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Abbreviated Unaudited Accounts For The Year Ended 30th June 2015 |
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Art VPS Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts For The Year Ended 30th June 2015 |
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Art VPS Limited |
Art VPS Limited (Registered number: 04461295) |
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Contents of the Abbreviated Accounts |
For The Year Ended 30th June 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Art VPS Limited |
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Company Information |
For The Year Ended 30th June 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Art VPS Limited (Registered number: 04461295) |
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Abbreviated Balance Sheet |
30th June 2015 |
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30/6/15 | 30/6/14 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Profit and loss account | ( |
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The directors acknowledge their responsibilities for: |
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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. |
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The financial statements were approved by the Board of Directors on
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Art VPS Limited (Registered number: 04461295) |
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Notes to the Abbreviated Accounts |
For The Year Ended 30th June 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover (excluding VAT) comprises the sale of software licences. |
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Tangible fixed assets |
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Plant & machinery - 33% straight line |
Office equipment - 33% straight line |
Computer equipment with a cost of less than £2,000 is written off in the year in which it is incurred. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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Going concern |
These financial statements have been prepared on the going concern basis. The Directors consider this basis to |
be appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st July 2014 |
and 30th June 2015 |
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DEPRECIATION |
At 1st July 2014 |
and 30th June 2015 |
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NET BOOK VALUE |
At 30th June 2015 |
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At 30th June 2014 |
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3. | CALLED UP SHARE CAPITAL |
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All classes of share are entitled to one vote. On a return of assets on liquidation, winding-up or capital reduction |
or otherwise, the assets of the company remaining after the payment of it's liabilities (including all loans) shall be |
distributed first in paying to the holders of the Ordinary A shares, the subscription price thereof including any |
premium paid together with any dividend accrued or declared but not yet paid. |
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The balance of such assets shall be distributed amongst the holders of all classes of shares pari passu, as if |
they constituted one class of share. This provision also applies in the event of a sale of all, or substantially all the |
assets of the company. |