REGISTERED NUMBER: 05974854 (England and Wales) ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013 FOR VELOCITY CLAIMS MANAGEMENT LIMITED
VELOCITY CLAIMS MANAGEMENT LIMITED (REGISTERED NUMBER: 05974854) CONTENTS OF THE ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013 Page Company Information 1 Abbreviated Balance Sheet 2 Notes to the Abbreviated Accounts 3
VELOCITY CLAIMS MANAGEMENT LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2013 DIRECTORS: L A A'Court G E Lloyd-Roberts A C McCallum SECRETARY: L A A'Court REGISTERED OFFICE: First Floor Redington Court 69 Church Road Hove BN3 2BB REGISTERED NUMBER: 05974854 (England and Wales) ACCOUNTANTS: Simon Winnard & Company Redington Court 69 Church Road Hove East Sussex BN3 2BB
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VELOCITY CLAIMS MANAGEMENT LIMITED (REGISTERED NUMBER: 05974854) ABBREVIATED BALANCE SHEET 31 DECEMBER 2013 2013 2012 Notes FIXED ASSETS Tangible assets 2 288 575 CURRENT ASSETS Debtors 72,967 40,065 Cash at bank and in hand 93,317 52,416 166,284 92,481 CREDITORS Amounts falling due within one year 75,740 42,163 NET CURRENT ASSETS 90,544 50,318 TOTAL ASSETS LESS CURRENT LIABILITIES 90,832 50,893 CAPITAL AND RESERVES Called up share capital 3 2 2 Profit and loss account 90,830 50,891 SHAREHOLDERS' FUNDS 90,832 50,893 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: ensuring that the company keeps accounting records which comply with Sections 386 and (a) 387 of the Companies Act 2006 and 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 (b) 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 5 June 2014 and were signed on its behalf by: L A A'Court - Director
A C McCallum - Director The notes form part of these abbreviated accounts Page 2
VELOCITY CLAIMS MANAGEMENT LIMITED (REGISTERED NUMBER: 05974854) NOTES TO THE ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013 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 April 2008). 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 Fixtures and fittings - 25% on cost - 25% on cost Hire purchase and leasing commitments Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. 2. TANGIBLE FIXED ASSETS Total COST At 1 January 2013 and 31 December 2013 6,816 DEPRECIATION At 1 January 2013 6,241 Charge for year 287 At 31 December 2013 6,528 NET BOOK VALUE At 31 December 2013 288 At 31 December 2012 575 3. CALLED UP SHARE CAPITAL Allotted, issued and fully paid: Number: Class: Nominal 2013 2012 value: 2 Ordinary 1 2 2 4. ULTIMATE PARENT COMPANY
The company is a wholly owned subsidiary of CG Holdings (Gibraltar) Limited, a company incorporated in Gibraltar. Page 3