Abbreviated Company Accounts - VILLAGE VENTURES LIMITED

VILLAGE VENTURES LIMITED - Company Information

04726614 VILLAGE VENTURES LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 04726614 2013-07-01 2014-06-30 04726614 2014-06-30 04726614 2013-06-30 04726614 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 04726614 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 04726614

VILLAGE VENTURES LIMITED

Abbreviated Accounts

30 June 2014

VILLAGE VENTURES LIMITED Registered Number 04726614

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	400,000	400,000
Tangible assets	3	43,434	48,822
		443,434	448,822
Current assets
Stocks		7,179	5,724
Debtors		22,717	5,615
Cash at bank and in hand		36,745	31,100
		66,641	42,439
Creditors: amounts falling due within one year		(74,539)	(56,432)
Net current assets (liabilities)		(7,898)	(13,993)
Total assets less current liabilities		435,536	434,829
Creditors: amounts falling due after more than one year		(56,359)	(109,469)
Total net assets (liabilities)		379,177	325,360
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		378,177	324,360
Shareholders' funds		379,177	325,360

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 March 2015

And signed on their behalf by:
Ashley Thompson, Director

VILLAGE VENTURES LIMITED Registered Number 04726614

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT

Tangible assets depreciation policy
Depreciation 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:

Fixtures & Fittings - @ 20% reducing balance

2Intangible fixed assets

	£
Cost
At 1 July 2013	400,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	400,000
Amortisation
At 1 July 2013	-
Charge for the year	-
On disposals	-
At 30 June 2014	-
Net book values
At 30 June 2014	400,000
At 30 June 2013	400,000

3Tangible fixed assets

	£
Cost
At 1 July 2013	150,102
Additions	5,470
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	155,572
Depreciation
At 1 July 2013	101,280
Charge for the year	10,858
On disposals	-
At 30 June 2014	112,138
Net book values
At 30 June 2014	43,434
At 30 June 2013	48,822

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000