Company Registration No. 05961721 (England and Wales)
VCW SECURITY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
VCW SECURITY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
VCW SECURITY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
94
1,388
Current assets
Stocks
20,587
35,364
Debtors
132,191
172,077
Cash at bank and in hand
7,750
88,784
160,528
296,225
Creditors: amounts falling due within one year
(182,059)
(455,595)
Net current liabilities
(21,531)
(159,370)
Total assets less current liabilities
(21,437)
(157,982)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(21,537)
(158,082)
Shareholders' funds
(21,437)
(157,982)
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 May 2017
Mr M K Harris
Director
Company Registration No. 05961721
VCW SECURITY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
net invoiced sales of goods, excluding value added tax.
1.4
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
33.3% on cost
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
15,277
Depreciation
At 1 September 2015
13,889
Charge for the year
1,294
At 31 August 2016
15,183
Net book value
At 31 August 2016
94
At 31 August 2015
1,388
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
VCW SECURITY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
4
Control
Ultimate parent company
The company is a wholly owned subsidiary of Voice Comms Warehouse Limited which is the immediate and ultimate parent company.
Ultimate controlling party
M K Harris, (director) is, as the sole shareholder of Voice Comms Warehouse Limited, the ultimate controlling party.