Vigard Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC157387 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2016

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:

AAA Edinburgh Ltd

20 Torphichen Street

Edinburgh

Lothian

EH3 8JB

FIXED ASSETS

Tangible assets

2

239

319

CURRENT ASSETS

Stocks

3,242

3,694

Debtors

3,845

4,866

Cash at bank

74,511

65,919

81,598

74,479

CREDITORS

Amounts falling due within one year

5,396

7,765

NET CURRENT ASSETS

76,202

66,714

TOTAL ASSETS LESS CURRENT LIABILITIES

76,441

67,033

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

76,439

67,031

SHAREHOLDERS' FUNDS

76,441

67,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 29th June 2017 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 January 2015).

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 1st October 2015

and 30th September 2016

4,182

DEPRECIATION

At 1st October 2015

3,863

Charge for year

80

At 30th September 2016

3,943

NET BOOK VALUE

At 30th September 2016

239

At 30th September 2015

319

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2