Abbreviated Company Accounts - VERDE LONDON LTD.

02644619 VERDE LONDON LTD. 2015-09-30 false 2014-10-01 2015-09-30 true 02644619 2014-10-01 2015-09-30 02644619 2015-09-30 02644619 2014-09-30 02644619 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 02644619 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:Director3 2014-10-01 2015-09-30 uk-gaap-cd-bus:Director3 2015-09-30 uk-gaap-cd-bus:Director3 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 02644619

VERDE LONDON LTD.

Abbreviated Accounts

30 September 2015

VERDE LONDON LTD. Registered Number 02644619

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	754	1,065
		754	1,065
Current assets
Stocks		29,871	28,751
Debtors		4,535	1,426
Cash at bank and in hand		136	358
		34,542	30,535
Creditors: amounts falling due within one year		(38,143)	(50,719)
Net current assets (liabilities)		(3,601)	(20,184)
Total assets less current liabilities		(2,847)	(19,119)
Total net assets (liabilities)		(2,847)	(19,119)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(3,847)	(20,119)
Shareholders' funds		(2,847)	(19,119)

For the year ending 30 September 2015 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 29 June 2016

And signed on their behalf by:
Ms R S A Cook, Director

VERDE LONDON LTD. Registered Number 02644619

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

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

Turnover policy
Turnover represents the total value, excluding value added tax, of sales made during the
year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Plant and machinery - 25% on reducing balance
Fixtures, fittings and equipment - 30% on reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over
the lease term.

Stock
Stock is valued at the lower of cost and net realisable value.

Going concern
At the balance sheet date, the company had net liabilities. The company is reliant on the
support by the director.
On the basis that the director will continue to support the reporting entity for the foreseeable
future, the director considers it appropriate to prepare the financial statements on a going
concern basis.
The financial statements do not include any adjustments that would result from a withdrawal
of the support of the director.

2Tangible fixed assets

	£
Cost
At 1 October 2014	44,722
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	44,722
Depreciation
At 1 October 2014	43,657
Charge for the year	311
On disposals	-
At 30 September 2015	43,968
Net book values
At 30 September 2015	754
At 30 September 2014	1,065

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	Ms R S A Cook
Description of the transaction:	interest free loans
Balance at 1 October 2014:	-
Advances or credits made:	£ 3,258
Advances or credits repaid:	-
Balance at 30 September 2015:	£ 3,258

The director borrowed personally a loan to finance the company's operation few years ago.
The interest payments on the loan so far had been paid by the director which was reimbursed
to her this year amounting to £1,177 (2014 : £4,707), charged to the accounts.