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Company registration number:02945264
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VALUE CREATION COMPANY LIMITED
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ABBREVIATED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 September 2015 |
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VALUE CREATION COMPANY LIMITED |
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BALANCE SHEET |
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AS AT 30 September 2015
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2015 |
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2014 |
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Notes |
£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | 2 | | | 827,658 | | | | 826,840 | |
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| | | | | 827,658 | | | | 826,840 | |
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CURRENT ASSETS |
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Debtors | | 3,313 | | | | 455 | | | | |
Cash at bank and in hand | | 337,106 | | | | 251,918 | | | | |
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| | | 340,419 | | | | 252,373 | | | |
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CREDITORS |
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Amounts falling due within one year | (24,274) | | | | (23,354) | | | |
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NET CURRENT ASSETS |
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316,145 |
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229,019 |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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1,143,803 |
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1,055,859 |
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NET ASSETS |
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1,143,803 |
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1,055,859 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
4 |
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200 |
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200 |
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Profit and loss account |
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1,143,603 |
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1,055,659 |
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SHAREHOLDERS FUNDS |
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1,143,803 |
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1,055,859 |
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For the year ending 30 September 2015 the company was entitled to exemptio under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 17 February 2016 and signed on its behalf. | | | | | | | |
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.......................................................................... |
RG Heath |
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17 February 2016
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The annexed notes form part of these financial statements. | | | | | | | |
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VALUE CREATION COMPANY LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).
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| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. | |
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| Fixed assets | | | | | | | | |
| In accordance with FRSSE, no depreciation is charged on land and buildings held as fixed asset investments by the company, a departure from the Companies Act 2006, but are shown at valuation. The director considers that this policy gives a true and fair view. Other tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: | |
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| Office equipment 25% reducing balance basis | |
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2. | Tangible fixed assets | | | | | | | | | |
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| | | | Total | |
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| Cost | | | | | | | | | | |
| At start of period | | 868,629 | |
| Additions | | | 1,969 | |
| At end of period | | 870,598 | |
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| Depreciation | | | | | | | | | | |
| At start of period | | 41,789 | |
| Provided during the period | | 1,151 | |
| At end of period | | 42,940 | |
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| Net Book Value | | | | | | | | | |
| At start of period | | 826,840 | |
| At end of period | | 827,658 | |
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3. | Debtors | | | | | | | |
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| Included within other debtors is a loan of £3,187 (2014 - £Nil) to RG Heath, the director. The maximum amount outstanding during the year was £3,187. |
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4. |
Share capital |
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Allotted, issued and fully paid
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2015 |
2014 |
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| 'A' Ordinary shares of £1 each | | 100 | 100 | | | |
| 'B' Ordinary shares of £1 each | | 100 | 100 | | | |
| Total issued share capital | | 200 | 200 | | | |
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5. | Ultimate controlling party | | | | | | | | |
| In the opinion of the Director Mr RG Heath who together with his wife holds 100% of the 'A' Ordinary shares is the company's ultimate controller. | |
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