REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 APRIL 2015 |
|
FOR |
|
VULPINE PERFORMANCE LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 APRIL 2015 |
|
FOR |
|
VULPINE PERFORMANCE LTD |
VULPINE PERFORMANCE LTD (REGISTERED NUMBER: 07211640) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2015 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
VULPINE PERFORMANCE LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2015 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
|
|
|
|
|
VULPINE PERFORMANCE LTD (REGISTERED NUMBER: 07211640) |
|
ABBREVIATED BALANCE SHEET |
30 APRIL 2015 |
|
2015 | 2014 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Share premium |
|
|
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
VULPINE PERFORMANCE LTD (REGISTERED NUMBER: 07211640) |
|
ABBREVIATED BALANCE SHEET - continued |
30 APRIL 2015 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
VULPINE PERFORMANCE LTD (REGISTERED NUMBER: 07211640) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 APRIL 2015 |
|
|
1. | ACCOUNTING POLICIES |
|
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). |
|
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
|
Restated comparative figures |
At 30 April 2014 stock consisted of finished goods and work in progress. Work is progress included incomplete |
orders which were still with suppliers, the directors have reconsidered the treatment of work in progress and after |
reviewing the contractual arrangements have deemed it appropriate only to recognise stock once title to the stock |
has transferred. The comparative figures have been amended to reflect the change which reduces both stock and |
accruals by £262,220. The adjustment has no effect on the loss for the year. |
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
|
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: |
|
Intangible - 20% straight line |
|
Tangible fixed assets |
|
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. 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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
VULPINE PERFORMANCE LTD (REGISTERED NUMBER: 07211640) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2015 |
|
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
and 30 April 2015 |
|
AMORTISATION |
At 1 May 2014 |
|
Amortisation for year |
|
At 30 April 2015 |
|
NET BOOK VALUE |
|
At 30 April 2015 |
|
At 30 April 2014 |
|
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
|
Additions |
|
At 30 April 2015 |
|
DEPRECIATION |
At 1 May 2014 |
|
Charge for year |
|
At 30 April 2015 |
|
NET BOOK VALUE |
At 30 April 2015 |
|
At 30 April 2014 |
|
|
4. | CREDITORS |
|
Creditors include an amount of £
|
|
5. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | as restated |
£ | £ |
|
Ordinary Founder | £0.00001 |
|
|
|
Ordinary Subscriber | £0.00001 |
|
|
|
Ordinary Investor | £1 |
|
|
495,515 | 457,445 |
VULPINE PERFORMANCE LTD (REGISTERED NUMBER: 07211640) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 APRIL 2015 |
|
|
5. | CALLED UP SHARE CAPITAL - continued |
|
|
year. |
|
All shares carry full voting, dividend and capital distribution rights. |