true
Vadel Limited
07100322
2016-03-31
394741
269
394743
271
2
2
394743
271
62394
2090
793636
122202
1250773
124563
-130956
104466
209967
100936
79011
205402
50013
201455
28998
3947
1381729
20097
1316769
0
64960
20097
Basis of accounting
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).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-10 years straight line
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
Reducing Balance
0.2500
Fixtures & Fittings
Reducing Balance
0.2500
Motor Vehicles
Reducing Balance
0.2500
Office Equipment
Reducing Balance
0.3333
1362175
220230
1362175
-220230
45406
220230
-220230
45406
82597
70137
64572
-52112
17637
50040
7306
-39709
1444772
290367
1426747
-272342
63043
270270
-259939
52712
Ordinary
1
2
2
2
The company was under the control of Dr Sivakumaran and Mrs V De Souza throughout the current period.
During the year the company paid dividends of £48,000 (2015 - £47,000) to the directors.
At the year end the company owed £37,306 (2015 - £79,386) to the directors. The balance owing to the directors is interest free and repayable on
demand.
During the year the company lent a further £1,400 to Dhelve Limited a company under the joint control of the directors. The total balance
outstanding is £37,222 (2015 - £35,822)
The company owed £60,000 to Helpdart Limited, a company controlled by Dr Sivakumaran, a director of the company. The loan is interest free.
During the year the company was repaid £480 from Whitening Quick Limited, a company controlled by Dr Sivakumaran, a director of the company. The total balance owing is £71,722 (2015 - £72,202).
No other transactions with related parties were undertaken such as are required to be disclosed under the FRSSE.
2017-02-15
Dr Sivakumaran
Mrs V De Souza
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Vadel Limited
2015-04-01
2016-03-31
Vadel Limited
2014-04-01
2015-03-31
Vadel Limited
2014-03-31
Vadel Limited
2015-03-31
Vadel Limited
2015-03-31
Vadel Limited
2016-03-31
2017-02-16