| Vert Rotors UK Limited |
| Registered number: |
SC441152 |
| Abbreviated Balance Sheet |
| as at 31 January 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
175,170 |
|
|
50,040 |
| Tangible assets |
3 |
|
|
1,907 |
|
|
- |
|
|
|
|
177,077 |
|
|
50,040 |
|
| Current assets |
| Debtors |
|
|
15,271 |
|
|
2,125 |
| Cash at bank and in hand |
|
|
6 |
|
|
1,427 |
|
|
|
15,277 |
|
|
3,552 |
|
| Creditors: amounts falling due within one year |
|
|
(131,348) |
|
|
(5,810) |
|
| Net current liabilities |
|
|
|
(116,071) |
|
|
(2,258) |
|
| Net assets |
|
|
|
61,006 |
|
|
47,782 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2,875 |
|
|
1,000 |
| Share premium |
|
|
|
81,135 |
|
|
55,537 |
| Profit and loss account |
|
|
|
(23,004) |
|
|
(8,755) |
|
| Shareholders' funds |
|
|
|
61,006 |
|
|
47,782 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Oleg Dmitriev |
| Director |
| Approved by the board on 27 May 2015 |
|
| Vert Rotors UK Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Research and development |
|
Expenditure on development activities, where research findings are applied to a plan or design for the production of new or substantially improved products and processes, is capitalised if the product or process is technically and commercially feasible and the company has sufficient resources to complete development. Other development expenditure is written off in the year it is incurred. Capitalised development expenditure is treated as an intangible fixed asset and amortised over its estimated economic life. Amortisation commences on the commercial production or application of the product or process. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2014 |
50,040 |
|
Additions |
125,130 |
|
At 31 January 2015 |
175,170 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 January 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2015 |
175,170 |
|
At 31 January 2014 |
50,040 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
2,859 |
|
At 31 January 2015 |
2,859 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
952 |
|
At 31 January 2015 |
952 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2015 |
1,907 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2,875 |
|
2,875 |
|
1,000 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
1,875 |
|
1,875 |
|
|
|
|
|
|
|
