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Abbreviated Unaudited Accounts for the Year Ended 31 July 2016 |
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Steve Vantsis Studio Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 July 2016 |
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Steve Vantsis Studio Limited |
Steve Vantsis Studio Limited (Registered number: SC261087) |
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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 | 3 |
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Chartered Accountants' Report | 4 |
Steve Vantsis Studio Limited |
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Company Information |
for the Year Ended 31 July 2016 |
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DIRECTOR: |
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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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Steve Vantsis Studio Limited (Registered number: SC261087) |
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Abbreviated Balance Sheet |
31 July 2016 |
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31.7.16 | 31.7.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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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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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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
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(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 director on
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Steve Vantsis Studio Limited (Registered number: SC261087) |
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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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Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis. However, the company will only to continue to operate with the |
financial support of the director and this will continue until such time that the company is profitable. |
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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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts where |
turnover is recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 August 2015 |
and 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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3. | 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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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Steve Vantsis Studio Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Steve Vantsis Studio Limited for the year ended 31 July 2016 which comprise the Profit and Loss Account, the |
Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given |
us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the director of Steve Vantsis Studio Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steve Vantsis Studio Limited and state those matters that we have agreed to state to the director of Steve Vantsis Studio Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Steve Vantsis Studio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Steve Vantsis Studio Limited. You consider that Steve Vantsis Studio Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Steve Vantsis Studio Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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23 August 2016 |