The Viewpoint Organisation (Europe) Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07373587 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

THE VIEWPOINT ORGANISATION (EUROPE) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W M Davies

D N Hopkins

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

07373587 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

2

4,536

-

CURRENT ASSETS

Debtors

3

749,411

630,017

Cash at bank

-

11,255

749,411

641,272

CREDITORS

Amounts falling due within one year

380,726

463,927

NET CURRENT ASSETS

368,685

177,345

TOTAL ASSETS LESS CURRENT LIABILITIES

373,221

177,345

CREDITORS

Amounts falling due after more than one year

547,057

349,275

NET LIABILITIES

(173,836

)

(171,930

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(173,838

)

(171,932

)

SHAREHOLDERS' FUNDS

(173,836

)

(171,930

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 November 2015 and were signed on its behalf by:

W M Davies - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,670

At 31 March 2015

5,670

DEPRECIATION

Charge for year

1,134

At 31 March 2015

1,134

NET BOOK VALUE

At 31 March 2015

4,536

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 554,277 (31.3.14 - £ 455,547 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

ordinary shares

1

2

2

5.	ULTIMATE PARENT COMPANY

As of 1st April 2011 the Company become a wholly owned subsidiary of Viewpoint Organisation Group

Limited, a company incorporated in England and Wales.

6.	BALANCE SHEET POSITION

At the balance Sheet date, the company is showing an overall deficit of £173,836. The company is being

supported by its directors and the holding company.