Velocity Claims Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05974854 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

VELOCITY CLAIMS MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L A A'Court

G E Lloyd-Roberts

A C McCallum

SECRETARY:

L A A'Court

REGISTERED OFFICE:

First Floor

Redington Court

69 Church Road

Hove

BN3 2BB

REGISTERED NUMBER:

05974854 (England and Wales)

ACCOUNTANTS:

Simon Winnard & Company

Redington Court

69 Church Road

Hove

East Sussex

BN3 2BB

FIXED ASSETS

Tangible assets

2

1,697

1,713

CURRENT ASSETS

Debtors

40,314

46,769

Cash at bank and in hand

9,194

97,671

49,508

144,440

CREDITORS

Amounts falling due within one year

29,164

36,133

NET CURRENT ASSETS

20,344

108,307

TOTAL ASSETS LESS CURRENT LIABILITIES

22,041

110,020

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

22,039

110,018

SHAREHOLDERS' FUNDS

22,041

110,020

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 June 2016 and were signed on its behalf by:

L A A'Court - Director

A C McCallum - 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 January 2015).

Turnover

Turnover represents net invoiced provision of services, 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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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

At 1 January 2015

3,435

Additions

740

At 31 December 2015

4,175

DEPRECIATION

At 1 January 2015

1,722

Charge for year

756

At 31 December 2015

2,478

NET BOOK VALUE

At 31 December 2015

1,697

At 31 December 2014

1,713

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1

2

2

4.	ULTIMATE PARENT COMPANY