Vigard Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC157387 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

VIGARD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr C Cunningham

A Longmate

SECRETARY:

A Longmate

REGISTERED OFFICE:

20/22 Torphichen Street

Edinburgh

EH3 8JB

REGISTERED NUMBER:

SC157387 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

20/22 Torphichen Street

Edinburgh

EH3 8JB

FIXED ASSETS

Tangible assets

2

319

425

CURRENT ASSETS

Stocks

3,694

4,169

Debtors

4,866

4,776

Cash at bank

65,919

50,729

74,479

59,674

CREDITORS

Amounts falling due within one year

7,765

7,523

NET CURRENT ASSETS

66,714

52,151

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,033

52,576

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

67,031

52,574

SHAREHOLDERS' FUNDS

67,033

52,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 May 2016 and were signed on its behalf by:

Dr C Cunningham - 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.

Plant and machinery etc

-

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment

to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

4,182

DEPRECIATION

At 1 October 2014

3,757

Charge for year

106

At 30 September 2015

3,863

NET BOOK VALUE

At 30 September 2015

319

At 30 September 2014

425

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2