Vytech Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09513829 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 27 MARCH 2015 TO 30 JUNE 2016

FOR

VYTECH SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T M Bridges

REGISTERED OFFICE:

Albrecht House

Locomotion Way

Camperdown Industrial Estate

Killingworth

Newcastle upon Tyne

NE12 5US

REGISTERED NUMBER:

09513829 (England and Wales)

ACCOUNTANTS:

Robson Laidler Accountants Limited

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

NE2 1TJ

FIXED ASSETS

Intangible assets

2

84,187

CURRENT ASSETS

Debtors

3

13,326

CREDITORS

Amounts falling due within one year

93,122

NET CURRENT LIABILITIES

(79,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,391

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

4,291

SHAREHOLDERS' FUNDS

4,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 December 2016 and were signed by:

T M Bridges - 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 sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Deferred tax

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

sheet date.

Research and development

Development expenditure is written off in the period of expenditure except in the following circumstances when

it is capitalised: -

(a) there is a clearly defined project; and

(b) the related expenditure is separately identifiable; and

(c) the outcome of such a project has been assessed with reasonable certainty as to:

(i) its technical feasibility; and

(ii) its ultimate commercial viability considered in the light of factors such as likely market conditions (including

competing products), public opinion, consumer and environmental legislation; and

(d) the aggregate of the deferred development costs, any further development costs, and related production,

selling and administration costs is reasonably expected to be exceeded by related future sales or other revenues;

and

(e) adequate resources exist, or are reasonably expected to be available, to enable the project to be completed

and to provide any consequential increases in working capital.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

84,187

At 30 June 2016

84,187

NET BOOK VALUE

At 30 June 2016

84,187

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 13,226

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

100

Ordinary A shares

£1

100

100 Ordinary A Shares shares of £1 each were allotted at par during the period.

5.	ULTIMATE PARENT COMPANY

NBT (Group) Limited is regarded by the director as being the company's ultimate parent company.