1st Call Vista Limited - Period Ending 2015-07-31

1st Call Vista Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015

Crest Accountants LLP
Certified Accountants
Unit 3a, Carn Brea Business Park
Wilson Way
Redruth
Cornwall
TR15 3RR

1st Call Vista Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
1st Call Vista Limited
for the Year Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1st Call Vista Limited for the year ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of 1st Call Vista Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 1st Call Vista Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1st Call Vista Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 1st Call Vista Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 1st Call Vista Limited. You consider that 1st Call Vista Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 1st Call Vista Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crest Accountants LLP
Certified Accountants
Unit 3a, Carn Brea Business Park
Wilson Way
Redruth
Cornwall
TR15 3RR

14 December 2015

Page 1

1st Call Vista Limited
(Registration number: 04482422)
Abbreviated Balance Sheet at 31 July 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets		39,447	47,205
Current assets
Stocks		17,185	15,787
Debtors		3,405	13,785
Cash at bank and in hand		23,030	17,179
		43,620	46,751
Creditors: Amounts falling due within one year		(59,304)	(49,850)
Net current liabilities		(15,684)	(3,099)
Net assets		23,763	44,106
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		23,761	44,104
Shareholders' funds		23,763	44,106

For the year ending 31 July 2015 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 14 December 2015 and signed on its behalf by:

.........................................
Mr Trevor Johnson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

1st Call Vista Limited
(Registration number: 04482422)
Abbreviated Balance Sheet at 31 July 2015
......... continued

.........................................
Mrs Elizabeth Margaret Ann Johnson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

1st Call Vista Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% Reducing balance
Fixturse & Fittings	10% Reducing balance
Motor Vehicles	25% Reducing balance
Office Equipment	15% Reducing balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

1st Call Vista Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2014	120,797	120,797
Additions	449	449
At 31 July 2015	121,246	121,246
Depreciation
At 1 August 2014	73,592	73,592
Charge for the year	8,207	8,207
At 31 July 2015	81,799	81,799
Net book value
At 31 July 2015	39,447	39,447
At 31 July 2014	47,205	47,205

3	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

Page 5