Abbreviated Company Accounts - VARIETY ENTERPRISES LIMITED

VARIETY ENTERPRISES LIMITED - Company Information

01128689 VARIETY ENTERPRISES LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 01128689 2013-10-01 2014-09-30 01128689 2014-09-30 01128689 2013-09-30 01128689 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 01128689 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 01128689

VARIETY ENTERPRISES LIMITED

Abbreviated Accounts

30 September 2014

VARIETY ENTERPRISES LIMITED Registered Number 01128689

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	863,967	863,967
		863,967	863,967
Current assets
Debtors		5,636	7,200
Investments		29,312	29,312
Cash at bank and in hand		22,811	50,453
		57,759	86,965
Creditors: amounts falling due within one year		(59,337)	(91,345)
Net current assets (liabilities)		(1,578)	(4,380)
Total assets less current liabilities		862,389	859,587
Total net assets (liabilities)		862,389	859,587
Capital and reserves
Called up share capital	3	341	341
Share premium account		49,875	49,875
Revaluation reserve		272,402	272,402
Other reserves		784	784
Profit and loss account		538,987	536,185
Shareholders' funds		862,389	859,587

For the year ending 30 September 2014 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 27 October 2014

And signed on their behalf by:
Mr A Babul, Director

VARIETY ENTERPRISES LIMITED Registered Number 01128689

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and buildings - Leasehold Over the unexpired term of the lease
Fixtures, fittings & equipment 25% reducing balance

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 October 2013	863,967
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	863,967
Depreciation
At 1 October 2013	-
Charge for the year	-
On disposals	-
At 30 September 2014	-
Net book values
At 30 September 2014	863,967
At 30 September 2013	863,967

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

	2014 £	2013 £
341 Deferred shares of £1 each	341	341