Registered Number 07108979
VOICE IN A MILLION LIMITED
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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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 (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (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 |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
with the Financial Reporting Standard for Smaller Entities (effective April 2008). The
accounts have been prepared on a going concern basis which the directors consider
appropriate as they are supporting the company and have agreed to continue to do so. The
company has been trading profitably since the balance sheet date.
Turnover policy
and products sold to customers and commissions received, having regard to contractual
obligations.
Tangible assets depreciation policy
down to its estimated residual value evenly over its expected useful life, as follows:
Plant and equipment - 25% on cost
Other accounting policies
Turnover represents the invoice value, net of Value Added Tax where applicable, of goods
and products sold to customers and commissions received, having regard to contractual
obligations.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value after
allowing for obsolete and slow-moving items. Cost includes all direct expenditure and an
appropriate portion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation
computations in periods different from those in which they are included in the company’s
accounts. Deferred tax is provided in full on timing differences which result in an
obligation to pay more (or less) tax at a future date, at the average tax rates that are
expected to apply when the timing differences reverse, based on current tax rates and laws.
£ | |
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 3,957 |
At 31 December 2013 | 7,333 |