Registered Number 07495024

17-VICTORY LTD

Abbreviated Accounts

31 May 2014

17-VICTORY LTD Registered Number 07495024

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 7,873 9,841
7,873 9,841
Current assets
Debtors 3 5,960 -
Cash at bank and in hand 673 642
6,633 642
Creditors: amounts falling due within one year 4 (14,406) (10,409)
Net current assets (liabilities) (7,773) (9,767)
Total assets less current liabilities 100 74
Total net assets (liabilities) 100 74
Capital and reserves
Called up share capital 5 100 100
Profit and loss account - (26)
Shareholders' funds 100 74
  • For the year ending 31 May 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 31 May 2014

And signed on their behalf by:
Mr Y Velinov, Director

17-VICTORY LTD Registered Number 07495024

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

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.

2 Tangible fixed assets
£
Cost
At 1 June 2013 15,376
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 15,376
Depreciation
At 1 June 2013 5,535
Charge for the year 1,968
On disposals -
At 31 May 2014 7,503
Net book values
At 31 May 2014 7,873
At 31 May 2013 9,841
3 Debtors
2014
£
2013
£
Debtors include the following amounts due after more than one year 5,960 -
4 Creditors
2014
£
2013
£
Secured Debts 14,406 10,409
5 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

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