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Abbreviated Accounts |
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for the Year Ended 31 July 2016 |
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for |
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Vast Visibility Ltd |
REGISTERED NUMBER:
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Abbreviated Accounts |
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for the Year Ended 31 July 2016 |
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for |
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Vast Visibility Ltd |
Vast Visibility Ltd (Registered number: 05866769) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 July 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Vast Visibility Ltd |
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Company Information |
for the Year Ended 31 July 2016 |
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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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Vast Visibility Ltd (Registered number: 05866769) |
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Abbreviated Balance Sheet |
31 July 2016 |
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31.7.16 | 31.7.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
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. |
Vast Visibility Ltd (Registered number: 05866769) |
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Abbreviated Balance Sheet - continued |
31 July 2016 |
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The financial statements were approved by the Board of Directors on
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Vast Visibility Ltd (Registered number: 05866769) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 July 2016 |
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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 January 2015). |
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Turnover |
Turnover represents the fair value of services provided under contracts with customers, net of value added tax. |
Longer term contracts are invoiced as the contract progresses, ad hoc and short term services are invoiced |
immediately. |
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Patents & licences |
Patents & licences represent the cost of acquiring the domain and databases of Bike Insurer Services Limited. |
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Patents & licences are amortised from the month of acquisition over a period of five years. |
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Tangible fixed assets |
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Development costs | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and |
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of |
operating as intended. |
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Deferred tax |
Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
exceptions. Timing differences are differences between taxable profits and total comprehensive income as |
stated in the financial statements that arise from the inclusion of income and expense in tax assessments in |
periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and |
other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against |
the reversal of deferred tax liabilities or other future taxable profits. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued |
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances |
that apply to the sale of the asset. |
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Development costs |
Software development, website design and content development costs are capitalised to the extent that they |
create an enduring asset that delivers benefits to the company, at least as great as the amount capitalised. |
Regular reviews are carried out to ensure a certain relationship exists between the capitalised expenditure and |
the future economic benefits to be realised. If there is any indication of impairment that the carrying amounts |
may not be recoverable, the costs are expensed immediately through the profit and loss account. |
Vast Visibility Ltd (Registered number: 05866769) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
and 31 July 2016 |
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AMORTISATION |
At 1 August 2015 |
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Amortisation for year |
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At 31 July 2016 |
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NET BOOK VALUE |
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At 31 July 2016 |
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At 31 July 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Charge for year |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 August 2015 |
and 31 July 2016 | 2,971 |
NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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Vast Visibility Ltd (Registered number: 05866769) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2016 |
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4. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Country of incorporation: Romania |
Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.16 | 31.7.15 |
value: | £ | £ |
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Ordinary | £1 |
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