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REGISTERED NUMBER: 04225878 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

VELOCITY PR LIMITED

VELOCITY PR LIMITED (REGISTERED NUMBER: 04225878)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


VELOCITY PR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTORS: Mr A J Saunders
Mrs K Saunders





SECRETARY: Mrs K Saunders





REGISTERED OFFICE: 25 Waverley Road
St Albans
Hertfordshire
AL3 5PH





REGISTERED NUMBER: 04225878 (England and Wales)





ACCOUNTANTS: Lamburn & Turner
Riverside House
3 Place Farm
Wheathampstead
Hertfordshire
AL4 8SB

VELOCITY PR LIMITED (REGISTERED NUMBER: 04225878)

ABRIDGED BALANCE SHEET
31 MAY 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,744 3,282

CURRENT ASSETS
Work in Progress 25,916 17,666
Debtors 38,700 42,244
Cash at bank 13,711 15,845
78,327 75,755
CREDITORS
Amounts falling due within one year 50,646 52,762
NET CURRENT ASSETS 27,681 22,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,425

26,275

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29,423 26,273
SHAREHOLDERS' FUNDS 29,425 26,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on its behalf by:





Mrs K Saunders - Director


VELOCITY PR LIMITED (REGISTERED NUMBER: 04225878)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1. STATUTORY INFORMATION

Velocity PR Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, 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.
Improvements to property - Straight line over 10 years
Office equipment - 25% on reducing balance
Motor vehicles - Straight line over 5 years
Computer equipment - 25% on reducing balance

Stocks & work in progress
Work in progress is valued at the amount to be invoiced to the customer.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

VELOCITY PR LIMITED (REGISTERED NUMBER: 04225878)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2017 35,329
Additions 249
Disposals (23,284 )
At 31 May 2018 12,294
DEPRECIATION
At 1 June 2017 32,047
Charge for year 1,786
Eliminated on disposal (23,283 )
At 31 May 2018 10,550
NET BOOK VALUE
At 31 May 2018 1,744
At 31 May 2017 3,282

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.18 31.5.17
£    £   
Within one year 7,905 -
Between one and five years 7,905 -
15,810 -